The cover of Robert Frank's new book, The Darwin Economy: Liberty, Competition, and the Common Good, features a picture of two bull elks with their enormous antlers locked in battle. It is a timely picture, and not just because most states are in the height of hunting season. As Frank noted in a recent speech at the Carnegie Council, male elks battling for their own advancement is a fitting metaphor for the nature of competitive markets. What is often good for the individual, Frank argues, is not always the best for the herd. Here is an excerpt from his talk:
Watch the full talk here.
Posted
12-06-2011 11:08 AM
by
Graham Griffith