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Sunday, December 18, 2011

"The Darwin Economy"

I am hosting a discussion of Robert Frank's The Darwin Economy at FDL (2-4 PST). The introductory post is here, and you are, of course, welcome to join in.

One theme in the book is that the debate between libertarians and progressives over government intervention in the economy is a false one. Robert Frank argues that libertarians ought to support government intervention to stop the "arms race" for positional goods since the race wastes resources without providing any benefit to those engaged in the contest. But the ideas are presented as correcting both libertarian and progressive views. One thing I want to ask is why he sees his ideas as standing in opposition to traditional ideas about market failure that many progressives use to justify government intervention rather than enhancing and complementing them.

    Posted by on Sunday, December 18, 2011 at 02:04 PM in Books, Economics, Market Failure | Permalink  Comments (4)

          


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