New Economy, No Sacrifice

Robert Frank on How We Can Spend—and Collaborate—Our Way Out of This

“In a hundred years’ time, if we poll a majority of professional economists, they’ll say, most of them, that Charles Darwin was the founder of our discipline–not Adam Smith.”

So said Robert Frank, author of The Darwin Economy: Liberty, Competition, and the Common Good, in an evening talk full of provocative statements that challenged the accuracy of conventional economic wisdom and contemporary political conversation. Among them: that the country can bring in revenues and revive its economy without demanding too much more from middle-income taxpayers.

“I’m going to try to sell you …

Downgrades ‘R Us

Feds Join California in the Credit Risk Club

To Californians, the Standard & Poor’s downgrade of America’s credit rating delivers a double sting. Like other Americans, we share the embarrassment of landing in the second rank of nations, …