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
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
