Mon, April 21, 2014

The Darwin Economy: Liberty, Competition,...

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...
Categories: Business & Investing Politics

Item Information

ISBN: 0691153191
Publisher: Princeton University Press
Manufacturer: Princeton University Press
Language: English
Format: Hardcover
Pages: 256
US Salesrank: 104101
Check Availability | View MARC Record
Author Bio: