The private sector is first of all much larger than the public sector. The waste we see in that sector does not result from the fact that people spend their money carelessly. Mostly, it occurs because what one family must… — Robert H. Frank Copy Share Image
If the search is for examples that contradict the predictions of standard economic models, a good rule of thumb is to start in France. — Robert H. Frank Copy Share
When people bump up against one another in the course of pursuing their goals, it is in everyone's interest to resolve any resulting problems… — Robert H. Frank Copy Share
It is no exaggeration to say that rising inequality has driven many of the 99 percent into a financial ditch. It also helped spawn… — Robert H. Frank Copy Share
We could curtail private spending by several trillion dollars a year without requiring painful sacrifices from anyone. That would be more than enough to… — Robert H. Frank Copy Share
The most glaring deficiency in traditional economic models is that they completely ignore the role of context in evaluation. — Robert H. Frank Copy Share
Adam Smith's uncritically enthusiastic modern disciples portray his invisible hand theory as saying that market forces reliably harness selfish individuals to serve the common… — Robert H. Frank Copy Share
Trusting others puts us at risk. Yet failure to trust entails risk as well. The ability to navigate through this minefield successfully is one… — Robert H. Frank Copy Share
Rising inequality hasn't really accomplished anything of value for its ostensible beneficiaries, the top one percent. They've all built bigger mansions and staged more… — Robert H. Frank Copy Share
As economists have long noted, the puzzle is not that so few people vote, it's that so many do. After all, no individual's vote… — Robert H. Frank Copy Share
Pass down values every day through your actions, your words and your time with your kids. — Robert H. Frank Copy Share
When the rich build bigger, they shift the frame of reference that shapes the demands of the near rich, who travel in the same… — Robert H. Frank Copy Share
If top marginal income tax rates are set too high, they discourage productive economic activity. In the limit, a top marginal income tax rate… — Robert H. Frank Copy Share
For the three decades after WWII, incomes grew at about 3 percent a year for people up and down the income ladder, but since… — Robert H. Frank Copy Share
“Reflect on your present blessings, of which every man has many, not on your past misfortunes, of which all men have some.” — Robert H. Frank Copy Share
