Market Economy

In The Darwin Economy: Liberty, Competition, and the Common Good Robert H. Frank practices what he preaches. Starting with just a handful of simple basic principles, he is not only able to offer new insights on some of society’s most pressing problems, but also to propose (at least to...
Frank, a professor of economics at Cornell University in New York state, is one of the most articulate experts in the field. As the joint author of an economics textbook with Ben Bernanke, the chairman of America’s Federal Reserve central bank, he also has a direct personal connection with one of...
Adam Smith’s most enthusiastic modern disciples insist that the recipe for economic progress is to push government aside and let unfettered markets work their magic. His invisible hand theory does provide a tidy account of how market incentives can generate enormous wealth. But as Charles Darwin...
What does the work of Charles Darwin have to do with economics? As part of his reporting on Making Sen$e of financial news, Paul Solman talks to Robert H. Frank, author of "The Darwin Economy: Liberty, Competition, and the Common Good," about the connection between economics and the father of...
A new government under Yoshihiko Noda has taken shape in Japan that promises new economic partnerships and fiscal reform. But as the world spins in economic turmoil, who can tell what will happen next? Simple statistical projections don't take into account social, financial or political factors...
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...
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