000427786 000__ 03677cam\a2200385Ia\4500 000427786 001__ 427786 000427786 005__ 20210513150505.0 000427786 006__ m\\\\\o\\d\\\\\\\\ 000427786 007__ cr\cn\nnnunnun 000427786 008__ 111107s2011\\\\nju\\\\\ob\\\\001\0\eng\d 000427786 010__ $$z 2011017346 000427786 020__ $$a9781400839377$$q(electronic book) 000427786 020__ $$z9780691153193 000427786 035__ $$a(OCoLC)ocn754718470 000427786 035__ $$a(MiAaPQ)EBC738675 000427786 035__ $$a(CaPaEBR)ebr10491754 000427786 040__ $$aCaPaEBR$$cCaPaEBR 000427786 05014 $$aHB95$$b.F723 2011eb 000427786 08204 $$a330.12/2$$223 000427786 1001_ $$aFrank, Robert H. 000427786 24514 $$aThe Darwin economy$$h[electronic resource] :$$bliberty, competition, and the common good /$$cRobert H. Frank. 000427786 260__ $$aPrinceton [N.J.] :$$bPrinceton University Press,$$cc2011. 000427786 300__ $$a1 online resource (xvi, 240 p.) 000427786 500__ $$aDescription based on print version record. 000427786 504__ $$aIncludes bibliographical references and index. 000427786 5050_ $$aParalysis -- Darwin's wedge -- No cash on the table -- Starve the beast, but which one? -- Putting the positional consumption beast on a diet -- Perpetrators and victims -- Efficiency rules -- It's your money -- Success and luck -- The great tradeoff -- Taxing harmful activities -- The libertarian's objections reconsidered. 000427786 506__ $$aAccess limited to authorized users. 000427786 520__ $$aWho was the greater economist--Adam Smith or Charles Darwin? The question seems absurd. Darwin, after all, was a naturalist, not an economist. But Robert Frank, New York Times economics columnist and best-selling author of The Economic Naturalist, predicts that within the next century Darwin will unseat Smith as the intellectual founder of economics. The reason, Frank argues, is that Darwin's understanding of competition describes economic reality far more accurately than Smith's. And the consequences of this fact are profound. Indeed, the failure to recognize that we live in Darwin's world rather than Smith's is putting us all at risk by preventing us from seeing that competition alone will not solve our problems. Smith's theory of the invisible hand, which says that competition channels self-interest for the common good, is probably the most widely cited argument today in favor of unbridled competition--and against regulation, taxation, and even government itself. But what if Smith's idea was almost an exception to the general rule of competition? That's what Frank argues, resting his case on Darwin's insight that individual and group interests often diverge sharply. Far from creating a perfect world, economic competition often leads to "arms races," encouraging behaviors that not only cause enormous harm to the group but also provide no lasting advantages for individuals, since any gains tend to be relative and mutually offsetting. The good news is that we have the ability to tame the Darwin economy. The best solution is not to prohibit harmful behaviors but to tax them. By doing so, we could make the economic pie larger, eliminate government debt, and provide better public services, all without requiring painful sacrifices from anyone. That's a bold claim, Frank concedes, but it follows directly from logic and evidence that most people already accept. 000427786 650_0 $$aFree enterprise. 000427786 650_0 $$aCompetition. 000427786 650_0 $$aEconomics. 000427786 77608 $$iPrint version:$$aFrank, Robert H.$$tDarwin economy.$$dPrinceton [N.J.] : Princeton University Press, c2011$$z9780691153193$$w(DLC) 2011017346$$w(OCoLC)721085499 000427786 8520_ $$bacq 000427786 85280 $$bebk$$hProQuest Ebook Central 000427786 85640 $$3ProQuest Ebook Central$$uhttps://univsouthin.idm.oclc.org/login?url=http://ebookcentral.proquest.com/lib/usiricelib-ebooks/detail.action?docID=738675$$zOnline Access 000427786 909CO $$ooai:library.usi.edu:427786$$pGLOBAL_SET 000427786 980__ $$aEBOOK 000427786 980__ $$aBIB 000427786 982__ $$aEbook 000427786 983__ $$aOnline