The Darwin Economy
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The Darwin Economy
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Author : Robert H. Frank
language : en
Publisher: Princeton University Press
Release Date : 2012-09-16
The Darwin Economy written by Robert H. Frank and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-09-16 with Business & Economics categories.
Argues that ecologist Charles Darwin's understanding of competition describes economic reality far more accurately than economist Adam Smith's theories ever did.
The Darwin Economy
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Author : Robert H. Frank
language : en
Publisher: Princeton University Press
Release Date : 2012-09-16
The Darwin Economy written by Robert H. Frank and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-09-16 with Business & Economics categories.
What Charles Darwin can teach us about building a fairer society 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.
The Darwin Economy
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Author : Robert H. Frank
language : en
Publisher:
Release Date : 2011
The Darwin Economy written by Robert H. Frank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Darwin Economy Excerpt
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Author : R. H. Frank
language : en
Publisher:
Release Date : 2011
Darwin Economy Excerpt written by R. H. Frank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Economics In The Shadows Of Darwin And Marx
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Author : Geoffrey Martin Hodgson
language : en
Publisher: Edward Elgar Publishing
Release Date : 2014-05-14
Economics In The Shadows Of Darwin And Marx written by Geoffrey Martin Hodgson and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-14 with Business & Economics categories.
'Almost 150 years after their major works were published Darwin and Marx stand alone as the premier theorists of the evolution of complex living systems. Hodgson's unique contribution in these essays is to capture the spirit of these two great thinkers in their ability to see universal principles in particular contextual frameworks. Using an evolutionary and institutional approach to examine a variety of theoretical issues Hodgson avoids both the postmodern disease of extreme relativism and the rigidity of insisting on "one true religion" for economic theory. This book is a major contribution to the current revolution in economic theory.' - John M. Gowdy, Rensselaer Polytechnic Institute, US Economics in the Shadows of Darwin and Marx examines the legacies of these two giants of thought for the social sciences in the twenty-first century.
The Economic Naturalist
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Author : Robert H Frank
language : en
Publisher: Random House
Release Date : 2011-06-30
The Economic Naturalist written by Robert H Frank and has been published by Random House this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-06-30 with Business & Economics categories.
Have you ever wondered why there is a light in your fridge but not in your freezer? Or why 24-hour shops bother having locks on their doors? Or why soft drink cans are cylindrical, but milk cartons are square? The answer is simple: economics. For years, economist Robert Frank has been encouraging his students to ask questions about the conundrums and strange occurrences they encounter in everyday life and to try to explain them using economics. Now in this bestselling book, he shares the most intriguing - and bizarre - questions and the economic principles that answer them to reveal why many of the most puzzling parts of everyday life actually make perfect (economic) sense.
Money Blood And Revolution
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Author : George Cooper
language : en
Publisher: Harriman House Limited
Release Date : 2014-03-17
Money Blood And Revolution written by George Cooper and has been published by Harriman House Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-03-17 with Business & Economics categories.
Economics is a broken science, living in a kind of Alice in Wonderland state believing in multiple, inconsistent, things at the same time. Prior to the financial crisis, mainstream economics argued simultaneously for small government on taxation, regulation and spending, but big government on monetary policy. After the financial crisis, economics is now arguing for more government spending and for less government spending. The premise of this book is that the internal inconsistencies between economic theories - the apparently unresolvable debates between leading economists and the incoherent policies of our governments - are symptomatic of economics being in a crisis. Specifically, in a scientific crisis. The good news is that, thanks to the work of scientist and philosopher Thomas Kuhn, we know what needs to be done to fix a scientific crisis. Moreover, there are two scientists in particular whose ideas could show how to do this for economics: Charles Darwin, the man who discovered evolution, and William Harvey, doctor to King Charles I and the first man to understand blood flow and the workings of the human heart. In Money, Blood and Revolution, bestselling financial writer George Cooper explains how the ideas of Darwin and Harvey could revolutionise economics, making it more scientific and understandable, and might even reveal the true origin of economic growth and inequality. Taking readers on a gripping tour of scientific revolution, social upheaval and the secrets of money and debt, this is an unmissable read for anyone curious to understand how the world really works - and the amazing future of economics. #autoshambles
Darwin S Conjecture
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Author : Geoffrey M. Hodgson
language : en
Publisher: University of Chicago Press
Release Date : 2010-12
Darwin S Conjecture written by Geoffrey M. Hodgson and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12 with Business & Economics categories.
A theoretical study dealing chiefly with matters of definition and clarification of terms and concepts involved in using Darwinian notions to model social phenomena.
An Evolutionary Theory Of Economic Change
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Author : Richard R. Nelson
language : en
Publisher: Harvard University Press
Release Date : 1985-10-15
An Evolutionary Theory Of Economic Change written by Richard R. Nelson and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985-10-15 with Business & Economics categories.
This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.
The Ancient Economy
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Author : Moses I. Finley
language : en
Publisher: Univ of California Press
Release Date : 1973
The Ancient Economy written by Moses I. Finley and has been published by Univ of California Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1973 with Business & Economics categories.
"The Ancient Economy holds pride of place among the handful of genuinely influential works of ancient history. This is Finley at the height of his remarkable powers and in his finest role as historical iconoclast and intellectual provocateur. It should be required reading for every student of pre-modern modes of production, exchange, and consumption."--Josiah Ober, author of Political Dissent in Democratic Athens