There's no indication that middle-income families feel resentful about the bigger mansions and yachts. But the near-rich, whose social circles intersect those of the rich, are subtly influenced by them. — Bob Frank Copy Share Image
As the great naturalist Charles Darwin saw clearly, individual and collective interests often coincide, as in the invisible hand narrative. But he also saw that in many other cases, interests at the two levels are squarely in conflict, and that… — Bob Frank Copy Share Image
Prescriptive regulations, such as telling electric utilities what kinds of coal to burn or what kinds of scrubbers to install on their smokestacks, were… — Bob Frank Copy Share Image
Commercial roadways in communities that lack zoning laws, for example, are often an aesthetic nightmare not because of insufficient competition, and not because merchants… — Bob Frank Copy Share Image
In almost every instance, air and water quality goals were met more cheaply and quickly when we taxed pollution than when we tried to… — Bob Frank Copy Share Image
As the great naturalist Charles Darwin saw clearly, individual and collective interests often coincide, as in the invisible hand narrative. But he also saw… — Bob Frank Copy Share Image
Ever since the Great Depression, economists have known that demand shortages tend to persist in the wake of severe financial crises like the ones… — Bob Frank Copy Share Image
In the long run, greater investment would mean greater productivity and income growth. — Bob Frank Copy Share Image
Once firms had to pay to pollute, they became incredibly inventive at figuring out cheaper ways to eliminate their SO2 emissions. — Bob Frank Copy Share Image
There's no indication that middle-income families feel resentful about the bigger mansions and yachts. But the near-rich, whose social circles intersect those of the… — Bob Frank Copy Share Image
The upshot is that to send its children to a school of even average quality, a family must outbid half of other similar families… — Bob Frank Copy Share Image
Virtually all families in the middle of the earnings distribution aspire to send their children to a school of at least average quality. (We'd… — Bob Frank Copy Share Image
