num_pages: 240
description: 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 itse
language: English
title: The Darwin Economy: Liberty, Competition, and the Common Good
publisher: Princeton University Press