The Darwin Economy Liberty Competition And The Common Good(1st Edition)
Authors:
Robert H. Frank
In Stock
Shipment time
Expected shipping within 2 DaysPopular items with books
Total Price:
$0
Solution Manual Includes
Price:
$9.99
Book details
ISBN: 0691156689, 978-0691156682
Book publisher: Princeton University Press
Book Summary: What Charles Darwin can teach us about building a fairer societyWho was the greater economist?Adam Smith or Charles Darwin? The question seems absurd. Darwin, after all, was a naturalist, not an economist. But Robert Frank, New York Times economics columnist and best-selling author of The Economic Naturalist, predicts that within the next century Darwin will unseat Smith as the intellectual founder of economics. The reason, Frank argues, is that Darwin's understanding of competition describes economic reality far more accurately than Smith's. And the consequences of this fact are profound. Indeed, the failure to recognize that we live in Darwin's world rather than Smith's is putting us all at risk by preventing us from seeing that competition alone will not solve our problems.Smith's theory of the invisible hand, which says that competition channels self-interest for the common good, is probably the most widely cited argument today in favor of unbridled competition?and against regulation, taxation, and even government itself. But what if Smith's idea was almost an exception to the general rule of competition? That's what Frank argues, resting his case on Darwin's insight that individual and group interests often diverge sharply. Far from creating a perfect world, economic competition often leads to "arms races," encouraging behaviors that not only cause enormous harm to the group but also provide no lasting advantages for individuals, since any gains tend to be relative and mutually offsetting.The good news is that we have the ability to tame the Darwin economy. The best solution is not to prohibit harmful behaviors but to tax them. By doing so, we could make the economic pie larger, eliminate government debt, and provide better public services, all without requiring painful sacrifices from anyone. That's a bold claim, Frank concedes, but it follows directly from logic and evidence that most people already accept.In a new afterword, Frank further explores how the themes of inequality and competition are driving today's public debate on how much government we need.
Customers also bought these books
Corperative Income Tax Effective Tax Rates Can Differ Significantly From The Statory Rate - 1st Edition
Government Accountability Office
ISBN: 150318465X, 978-1503184657
$0 $15.99Frequently Bought Together
MISRA C++ 2023 Guidelines For The Use Of C++ 17 In Critical Systems - 1st Edition
The MISRA Consortium
ISBN: 1911700103, 978-1911700104
$0 $56.70
Physics For Scientists And Engineers - 1st Edition
Shelden H Radin
ISBN: 0136740022, 978-0136740025
$0 $11.60
Quantum Mechanics For Chemists - 1st Edition
David O Hayward
ISBN: 0854046070, 978-0854046072
$0 $20.25
Managerial Accounting ACC 202 Department Of Accounting - 15th Edition
Garrison
ISBN: 130811348X, 9781308113487
$0 $50.00
Annual Tax Mess Organizer For The Cannabis Marijuana Industry Help For Self Employed Individuals Who Did Not Keep Itemized Income And Expense Records During The Business Year - 1st Edition
KiKi Canniff
ISBN: 0941361810, 978-0941361811
$0 $16.95Top Reviews for Books
