Concorde fallacy Meaning in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “Concorde fallacy” in the English Dictionary

"Concorde fallacy" in Business English

See all translations

Concorde fallacynoun [S]

the ​idea that you should continue to ​spendmoney on a ​project, ​product, etc. in ​order not to ​waste the ​money or ​effort you have already put into it, which may ​lead to ​bad decisions: The Concorde fallacy refers to the fact that the British and French ​governments continued to ​fund the ​aircrafteven after it became apparent there was no ​longer an ​economiccase for it.
(Definition of Concorde fallacy from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of Concorde fallacy?
Add Cambridge dictionaries to your browser to your website
Word of the Day


the shiny brown poisonous nut of a horse chestnut tree

Word of the Day

Meerkat meme
Meerkat meme
by Colin McIntosh,
September 03, 2015
Meerkats are not new to popular culture (they appear in the folk tales of the San people of the Kalahari), but their arrival in the public’s consciousness, at least in the UK and the US, is a relatively recent phenomenon. Meerkats are small, sociable Southern African mammals that live in large family

Read More 

parklet noun
parklet noun
August 31, 2015
a public outdoor space that may be associated with a local business but where anyone can sit Pop-up cafes in NY are what’s actually called parklets in many other places around the country.

Read More