The Darwin Economy : : Liberty, Competition, and the Common Good / / Robert H. Frank.
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 un...
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Place / Publishing House: | Princeton, NJ : : Princeton University Press, , [2012] ©2013 |
Year of Publication: | 2012 |
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Frank, Robert H., author. aut http://id.loc.gov/vocabulary/relators/aut The Darwin Economy : Liberty, Competition, and the Common Good / Robert H. Frank. With a New afterword by the author Princeton, NJ : Princeton University Press, [2012] ©2013 1 online resource (272 p.) : 1 table. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- CONTENTS -- PREFACE -- ONE. Paralysis -- TWO. Darwin's Wedge -- THREE. No Cash on the Table -- FOUR. Starve the Beast-But Which One? -- FIVE. Putting the Positional Consumption Beast on a Diet -- SIX. Perpetrators and Victims -- SEVEN. Efficiency Rules -- EIGHT. "It's Your Money . . ." -- NINE. Success and Luck -- TEN. The Great Trade-Off? -- ELEVEN. Taxing Harmful Activities -- TWELVE. The Libertarian's Objections Reconsidered -- AFTERWORD TO THE PAPERBACK EDITION -- NOTES -- INDEX restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star 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. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021) BUSINESS & ECONOMICS Free Enterprise. BUSINESS and amp ECONOMICS Free Enterprise. Competition. Economics. Free enterprise. POLITICAL SCIENCE Political Economy. Political science Political Economy. BUSINESS & ECONOMICS / Economics / Theory. bisacsh Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 9783110442502 print 9780691156682 https://doi.org/10.1515/9781400844982 https://www.degruyter.com/isbn/9781400844982 Cover https://www.degruyter.com/cover/covers/9781400844982.jpg |
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English |
format |
eBook |
author |
Frank, Robert H., Frank, Robert H., |
spellingShingle |
Frank, Robert H., Frank, Robert H., The Darwin Economy : Liberty, Competition, and the Common Good / Frontmatter -- CONTENTS -- PREFACE -- ONE. Paralysis -- TWO. Darwin's Wedge -- THREE. No Cash on the Table -- FOUR. Starve the Beast-But Which One? -- FIVE. Putting the Positional Consumption Beast on a Diet -- SIX. Perpetrators and Victims -- SEVEN. Efficiency Rules -- EIGHT. "It's Your Money . . ." -- NINE. Success and Luck -- TEN. The Great Trade-Off? -- ELEVEN. Taxing Harmful Activities -- TWELVE. The Libertarian's Objections Reconsidered -- AFTERWORD TO THE PAPERBACK EDITION -- NOTES -- INDEX |
author_facet |
Frank, Robert H., Frank, Robert H., |
author_variant |
r h f rh rhf r h f rh rhf |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Frank, Robert H., |
title |
The Darwin Economy : Liberty, Competition, and the Common Good / |
title_sub |
Liberty, Competition, and the Common Good / |
title_full |
The Darwin Economy : Liberty, Competition, and the Common Good / Robert H. Frank. |
title_fullStr |
The Darwin Economy : Liberty, Competition, and the Common Good / Robert H. Frank. |
title_full_unstemmed |
The Darwin Economy : Liberty, Competition, and the Common Good / Robert H. Frank. |
title_auth |
The Darwin Economy : Liberty, Competition, and the Common Good / |
title_alt |
Frontmatter -- CONTENTS -- PREFACE -- ONE. Paralysis -- TWO. Darwin's Wedge -- THREE. No Cash on the Table -- FOUR. Starve the Beast-But Which One? -- FIVE. Putting the Positional Consumption Beast on a Diet -- SIX. Perpetrators and Victims -- SEVEN. Efficiency Rules -- EIGHT. "It's Your Money . . ." -- NINE. Success and Luck -- TEN. The Great Trade-Off? -- ELEVEN. Taxing Harmful Activities -- TWELVE. The Libertarian's Objections Reconsidered -- AFTERWORD TO THE PAPERBACK EDITION -- NOTES -- INDEX |
title_new |
The Darwin Economy : |
title_sort |
the darwin economy : liberty, competition, and the common good / |
publisher |
Princeton University Press, |
publishDate |
2012 |
physical |
1 online resource (272 p.) : 1 table. Issued also in print. |
edition |
With a New afterword by the author |
contents |
Frontmatter -- CONTENTS -- PREFACE -- ONE. Paralysis -- TWO. Darwin's Wedge -- THREE. No Cash on the Table -- FOUR. Starve the Beast-But Which One? -- FIVE. Putting the Positional Consumption Beast on a Diet -- SIX. Perpetrators and Victims -- SEVEN. Efficiency Rules -- EIGHT. "It's Your Money . . ." -- NINE. Success and Luck -- TEN. The Great Trade-Off? -- ELEVEN. Taxing Harmful Activities -- TWELVE. The Libertarian's Objections Reconsidered -- AFTERWORD TO THE PAPERBACK EDITION -- NOTES -- INDEX |
isbn |
9781400844982 9783110442502 9780691156682 |
callnumber-first |
H - Social Science |
callnumber-subject |
HB - Economic Theory and Demography |
callnumber-label |
HB95 |
callnumber-sort |
HB 295 |
genre_facet |
Free Enterprise. Political Economy. |
url |
https://doi.org/10.1515/9781400844982 https://www.degruyter.com/isbn/9781400844982 https://www.degruyter.com/cover/covers/9781400844982.jpg |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
330 - Economics |
dewey-full |
330.12/2 |
dewey-sort |
3330.12 12 |
dewey-raw |
330.12/2 |
dewey-search |
330.12/2 |
doi_str_mv |
10.1515/9781400844982 |
oclc_num |
979881794 |
work_keys_str_mv |
AT frankroberth thedarwineconomylibertycompetitionandthecommongood AT frankroberth darwineconomylibertycompetitionandthecommongood |
status_str |
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ids_txt_mv |
(DE-B1597)453863 (OCoLC)979881794 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 |
is_hierarchy_title |
The Darwin Economy : Liberty, Competition, and the Common Good / |
container_title |
Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 |
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