location-svg
Meine Position
Download
Darwin Economy
eBook
eBook
Fachbuch
2012

Darwin Economy

Liberty, Competition, and the Common Good

Bewertung abgeben
ISBN
EAN
978-1-4008-4498-2
9781400844982
Artikel-Nr.
G8YGG3E
Rabatt
-10.0
%
CHF 20.65
CHF
18.58
Anzahl
1
speech-bubble-svg Beschreibung
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 "e;arms races,"e; 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.
feather-svg
Autor/-in
Biografie

Robert H. Frank is the Henrietta Louis Johnson Professor of Management and Professor of Economics at Cornell University's Johnson Graduate School of Management. His previous books include The Winner-Takes-All Society (with Philip Cook), Luxury Fever and Principles of Economics (with Ben Bernanke). Frank's many awards include the Apple Distinguished Teaching Award and the Leontief Prize for Advancing the Frontiers of Economic Thought.
www.robert-h-frank.com

Publikation
speech-bubble-svg
Sprache
Englisch
book-svg Format
eBook
272 Seiten
star-svg
Bewertungen
credit-card-svg Zahlungsarten
payment-einzahlungsschein payment-twint payment-mastercard payment-visa payment-american-express payment-post-finance payment-e-post-finance payment-apple-pay payment-google-pay samsung-pay
Bestellen Sie einfach auf Rechnung oder bezahlen Sie bequem und gebührenfrei mit Twint, Kreditkarte, PostFinance, Apple, Google oder Samsung Pay.
Rückgabe
Kein Rückgaberecht
Bei diesem eBook hat entweder der Verlag (Hersteller) das Rückgaberecht ausgeschlossen oder eine Rückgabe ist aufgrund des Vertriebssystems nicht möglich.
subcategories-svg
Passende Themen
eldar-store-white-svg
S
SPIEGEL Bestseller