The Darwin Economy
10th Nov 2011; 13:00
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RSA Thursday
Adam Smith’s theory of the invisible hand, which holds that competition channels self-interest for the common good, is probably the most widely cited argument in favour of unbridled competition – and against taxation, regulation, and even government itself. But what if Smith’s idea was almost an exception to the general rule of competition?Influential economist Professor Robert Frank argues that Charles Darwin’s understanding of competition describes economic reality far more accurately than Smith’s, and that within the next century Darwin will unseat Smith as the intellectual founder of economics.
Join Robert Frank at the RSA as he offers a new way of thinking about liberty, competition and the common good and offers timely policies for a fairer economy.
Speaker: Robert Frank, Professor of Economics at Cornell University, New York Times columnist and author of 'The Darwin Economy' (Princeton University Press, 2011).
Chair: Adam Lent, RSA
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