The Darwin Economy: Liberty, Competition, and the Common Good
Categories: Business & Money, Politics & Social Sciences
Economist Robert H. Frank argues that Charles Darwin, not Adam Smith, will one day be seen as the father of economics. He explains that competition often benefits individuals but harms the group, as with the antlers of bull elk, which help in fights but hinder escape from predators. Frank applies this insight to arms races in spending, status and positional goods, and proposes taxes on consumption as a way to align individual and collective interests.
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- Shane Parrish: “Books Everyone Should Read on Psychology and Behavioral Economics … I wanted to choose books that these military leaders wouldn’t normally have come across in everyday life. Books they were unlikely to have read. Books that offered perspective. — The Darwin Economy: Liberty, Competition, and the Common Good by Robert H. Frank”