The Darwin Economy: Liberty, Competition, and the Common Good PDF (Adobe DRM) download by Robert H. Frank

The Darwin Economy: Liberty, Competition, and the Common Good

Princeton University Press
Publication date: September 2012
ISBN: 9781400844982
Digital Book format: PDF (Adobe DRM)

Buy PDF

List price:
$16.95
Our price:
$14.99

You save: $1.96 (12%)
GET THIS EBOOK
FOR FREE!
Join our Facebook sweepstake, share and
get 10 likes. Winners
get notified in 24H!

Who 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.

Please sign in to review this product.
Format:
Devices:
The Darwin Economy: Liberty, Competition, and the Common Good [New in Paper] PDF (Adobe DRM) can be read on any device that can open PDF (Adobe DRM) files.

File Size:
1759 Kb
Language:
ENG
Copy From Text:
Disabled.
Printing:
Disabled.
The Darwin Economy: Liberty, Competition, and the Common Good PDF (Adobe DRM) download by Robert H. Frank
Princeton University Press, September 2012
ISBN: 9781400844982
EAN:  9781400844982
PDF (Adobe DRM)
List Price: $16.95 eBook price: $14.99
The Darwin Economy: Liberty, Competition, and the Common Good ePub (Adobe DRM) download by Robert H. Frank
Princeton University Press, September 2012
ISBN: 9781400844982
EAN:  2370004490342
ePub (Adobe DRM)
List Price: $16.95 eBook price: $14.99
Other books by Robert H. Frank
What Price the Moral High Ground?: How to Succeed without Selling Your Soul PDF (Adobe DRM) download by Robert H. Frank
What Price the Moral High Ground?: How to Succeed without Selling Your Soul
Robert H. Frank
Princeton University Press, May 2014
ISBN: 9780691146942
Format: PDF, ePub
List Price: $16.95 Our price: $14.99
Global Pension Crisis: Unfunded Liabilities and How We Can Fill the Gap PDF (Adobe DRM) download by Robert H. Frank
Global Pension Crisis: Unfunded Liabilities and How We Can Fill the Gap
Robert H. Frank & Richard A. Marin
Wiley, August 2013
ISBN: 9781118582367
Format: PDF, ePub
Our price: $39.99
The Darwin Economy ePub (Adobe DRM) download by Robert H. Frank
The Darwin Economy
Robert H. Frank
Princeton University Press, September 2011
ISBN: 9780691153193
Format: ePub, PDF
List Price: $26.95 Our price: $25.99
The Economic Naturalist: Why Economics Explains Almost Everything ePub (Adobe DRM) download by Robert H. Frank
The Economic Naturalist: Why Economics Explains Almost Everything
Robert H. Frank
Virgin Digital, June 2011
ISBN: 9780753513385
Format: ePub
List Price: $14.11 Our price: $11.99