The Darwin Economy
Liberty, Competition, and the Common Good
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Narrated by:
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Walter Dixon
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By:
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Robert H Frank
About this listen
Who was the greater economist--Adam Smith or Charles Darwin? The question seems absurd. Darwin, after all, was a naturalist, not an economist. But Robert Frank, New York Times economics columnist and best-selling author of The Economic Naturalist, predicts that within the next century Darwin will unseat Smith as the intellectual founder of economics. The reason, Frank argues, is that Darwin's understanding of competition describes economic reality far more accurately than Smith's. And the consequences of this fact are profound.
Indeed, the failure to recognize that we live in Darwin's world rather than Smith's is putting us all at risk by preventing us from seeing that competition alone will not solve our problems. Smith's theory of the invisible hand, which says that competition channels self-interest for the common good, is probably the most widely cited argument today in favor of unbridled competition--and against regulation, taxation, and even government itself. But what if Smith's idea was almost an exception to the general rule of competition? That's what Frank argues, resting his case on Darwin's insight that individual and group interests often diverge sharply.
Far from creating a perfect world, economic competition often leads to "arms races," encouraging behaviors that not only cause enormous harm to the group but also provide no lasting advantages for individuals, since any gains tend to be relative and mutually offsetting. The good news is that we have the ability to tame the Darwin economy. The best solution is not to prohibit harmful behaviors but to tax them. By doing so, we could make the economic pie larger, eliminate government debt, and provide better public services, all without requiring painful sacrifices from anyone. That's a bold claim, Frank concedes, but it follows directly from logic and evidence that most people already accept.
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- Why We Fail to Do What’s Right and What to Do about It
- By: Max H. Bazerman, Ann E. Tenbrunsel
- Narrated by: Kate McQueen
- Length: 7 hrs and 18 mins
- Unabridged
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When confronted with an ethical dilemma, most of us like to think we would stand up for our principles. But we are not as ethical as we think we are. In Blind Spots, leading business ethicists Max Bazerman and Ann Tenbrunsel examine the ways we overestimate our ability to do what is right and how we act unethically without meaning to.
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Great book! Poor narration
- By Susie on 11-20-17
By: Max H. Bazerman, and others
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How Are You Going to Pay for That?
- Smart Answers to the Dumbest Question in Politics
- By: Ryan Cooper
- Narrated by: Ryan Cooper
- Length: 8 hrs and 22 mins
- Unabridged
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How Are You Going to Pay for That? is filled with engaging discussions and detailed strategies that policymakers and citizens alike can use to assail even the most entrenched lines of neoliberal logic and start to undo these long-held misconceptions. Equal parts economic theory, history, and political polemic, this is an essential roadmap for winning the key battles to come.
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Yay, Taxes!!!
- By Luvelway on 02-19-24
By: Ryan Cooper
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Success and Luck
- Good Fortune and the Myth of Meritocracy
- By: Robert H. Frank
- Narrated by: Robert H. Frank
- Length: 5 hrs and 19 mins
- Unabridged
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How important is luck in economic success? No question more reliably divides conservatives from liberals. As conservatives correctly observe, people who amass great fortunes are almost always talented and hardworking. But liberals are also correct to note that countless others have those same qualities yet never earn much. In recent years, social scientists have discovered that chance plays a much larger role in important life outcomes than most people imagine.
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Not what is advertised
- By Andre on 04-18-17
By: Robert H. Frank
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Losing Ground
- American Social Policy, 1950 - 1980
- By: Charles Murray
- Narrated by: Robert Morris
- Length: 9 hrs and 26 mins
- Unabridged
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Beginning in the 1950s, America entered a period of unprecedented social reform. This remarkable book demonstrates how the social programs of the 1960s and ’70s had the unintended and perverse effect of slowing and even reversing earlier progress in reducing poverty, crime, ignorance, and discrimination. Using widely understood and accepted data, it conclusively demonstrates that the amalgam of reforms from 1965 to 1970 actually made matters worse.
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A great book ruined by a terrible recording
- By Michael on 04-05-13
By: Charles Murray
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The Impulse Society
- America in the Age of Instant Gratification
- By: Paul Roberts
- Narrated by: Edoardo Ballerini
- Length: 9 hrs and 39 mins
- Unabridged
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Paul Robert digs down to the economic roots of the problem, shows how it has metastisized to affect every facet of our lives and our ability to navigate the future. In clear, cogent prose that mixes illuminating analysis and vibrant reporting, Roberts not only tells the fascinating story of how the impulse society came to be, but shows how, perhaps, a healthier society may still be possible.
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A Must-Listen for Millenials
- By Doug - Audible on 03-31-15
By: Paul Roberts
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The Centrist Manifesto
- By: Charles Wheelan
- Narrated by: Charles Wheelan
- Length: 3 hrs and 23 mins
- Unabridged
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From debt ceiling standoffs to single-digit Congress approval ratings, America’s political system has never been more polarized - or paralyzed - than it is today. As best-selling author and public policy expert Charles Wheelan writes, now is the time for a pragmatic Centrist party that will identify and embrace the best Democratic and Republican ideals, moving us forward on the most urgent issues for our nation.
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Must read for all rational americans
- By CM on 09-15-15
By: Charles Wheelan
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The Great Reversal
- How America Gave Up on Free Markets
- By: Thomas Philippon
- Narrated by: Walter Dixon
- Length: 10 hrs and 1 min
- Unabridged
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Why are cellphone plans so much more expensive in the United States than in Europe? It seems a simple question. But the search for an answer took Thomas Philippon on an unexpected journey through some of the most complex and hotly debated issues in modern economics. Ultimately, he reached a surprising conclusion: American markets, once a model for the world, are giving up on healthy competition.
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Eye-opening, but better as a book - a must-READ
- By Ash on 11-29-19
By: Thomas Philippon
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Defending the Undefendable
- By: Walter Block
- Narrated by: Jeff Riggenbach
- Length: 8 hrs and 4 mins
- Unabridged
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Professor Block's book is among the most famous of the great defenses of victimless crimes and controversial economic practices, from profiteering and gouging to bribery and blackmail. However, beneath the surface, this book is also an outstanding work of microeconomic theory that explains the workings of economic forces in everyday events and affairs.
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Stretching My Mind
- By Johnny Noob on 12-14-11
By: Walter Block
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The Myth of the Rational Voter
- Why Democracies Choose Bad Policies
- By: Bryan Caplan
- Narrated by: David Drummond
- Length: 8 hrs and 44 mins
- Unabridged
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The greatest obstacle to sound economic policy is not entrenched special interests or rampant lobbying, but the popular misconceptions, irrational beliefs, and personal biases held by ordinary voters. This is economist Bryan Caplan's sobering assessment in this provocative and eye-opening book.
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Refreshing
- By Lyle Wincentsen on 05-12-11
By: Bryan Caplan
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Hostile Takeover
- Resisting Centralized Government's Stranglehold on America
- By: Matt Kibbe
- Narrated by: George Newbern
- Length: 12 hrs and 11 mins
- Unabridged
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Hostile Takeover is a rebellious challenge to the "upper management" of government, who are choking American prosperity and liberty. Matt Kibbe exposes the privileged collusion of Washington insiders - and maps out a proven plan for how to return power from the self-appointed "experts" back to the people. Dubbed "one of the Tea Party's masterminds" by Newsweek, Kibbe reveals how grassroots citizens can and will check the federal behemoth and restore the American enterprise.
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An amazing book from an interesting perspective
- By Aaron on 12-28-12
By: Matt Kibbe
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How important is luck in economic success? No question more reliably divides conservatives from liberals. As conservatives correctly observe, people who amass great fortunes are almost always talented and hardworking. But liberals are also correct to note that countless others have those same qualities yet never earn much. In recent years, social scientists have discovered that chance plays a much larger role in important life outcomes than most people imagine.
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Not what is advertised
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Good lessons, mediocre science?
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Nudge: The Final Edition
- Improving Decisions About Money, Health, and the Environment
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Doesn’t include a Pdf of the images the book calls out
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Risk Savvy
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In the age of Big Data we often believe that our predictions about the future are better than ever before. But as risk expert Gerd Gigerenzer shows, the surprising truth is that in the real world, we often get better results by using simple rules and considering less information. In Risk Savvy, Gigerenzer reveals that most of us, including doctors, lawyers, financial advisers, and elected officials, misunderstand statistics much more often than we think, leaving us not only misinformed, but vulnerable to exploitation.
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Good and bad
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Scarcity
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Why do successful people get things done at the last minute? Why does poverty persist? Why do the lonely find it hard to make friends? These questions seem unconnected, yet Sendhil Mullainathan and Eldar Shafir show that they are all are examples of a mindset produced by scarcity. Drawing on cutting-edge research from behavioral science and economics, Mullainathan and Shafir show that scarcity creates a similar psychology for everyone struggling to manage with less than they need.
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Super interesting. Time to start saving money.
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Doesn’t include a Pdf of the images the book calls out
- By John O'Connell on 08-03-21
By: Richard H. Thaler, and others
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Risk Savvy
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In the age of Big Data we often believe that our predictions about the future are better than ever before. But as risk expert Gerd Gigerenzer shows, the surprising truth is that in the real world, we often get better results by using simple rules and considering less information. In Risk Savvy, Gigerenzer reveals that most of us, including doctors, lawyers, financial advisers, and elected officials, misunderstand statistics much more often than we think, leaving us not only misinformed, but vulnerable to exploitation.
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What listeners say about The Darwin Economy
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- Ryan
- 12-05-22
Really one of the best books to give to Libertarian friends
The book engages them exactly on their level, from a purely economic perspective and completely shows them why economics unmanaged leads to disaster, but how managed economies lead to prosperity.
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- Carlos
- 12-12-11
This has been the best introduction to economy
Would you consider the audio edition of The Darwin Economy to be better than the print version?
I have not read the print, but I can imagine that is as good as the audible.
What was one of the most memorable moments of The Darwin Economy?
It was shocking for me his proposition of the way of taxing, I will love go hear his opponents
Have you listened to any of Walter Dixon’s other performances before? How does this one compare?
No
Did you have an extreme reaction to this book? Did it make you laugh or cry?
Laugh many times discovering how well he could apply natural selection to economics
Any additional comments?
No
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1 person found this helpful
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- morton
- 10-27-11
A Deeply Engaging Book
I strongly recommend this audio. Not only is it original and engaging, but in his usual lively style, Robert Frank convincingly lays out economic policies that will benefit all segments of society, in a book that is as important as it is timely.
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7 people found this helpful
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- Russell
- 11-29-11
This changes everything
Frank has come up with the most sensible explanation and most practical solution to our current economic mess. If this doesn't change the way you view the economy and society in general, I would be amazed. If only the people in government would pay attention.
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1 person found this helpful
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- Robert
- 01-04-16
I really dislike this book
Everything was about squashing the individual for the sake of the hive. I'm fairly leftwing, but the total denial of the need for individual liberty horrified me.
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1 person found this helpful
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- Mark
- 11-14-11
Ivory tower theorys that lack depth
This author suggests that Darwinian theory can be applied to economics. I agree, but he fails to make a proper analogy.
The author fails because of intrinsic bias or a general lack of Darwinian understanding. While there are several points that fit, many more are presented in isolation or from a socialist (equal outcome) perspective. The whole point of Darwin's theory is that species evolve over time to better compete and to reproduce based on an individuals performance. He gets that part right. The author fails to consider in his arguments that ecosystems evolve as well. They are dynamic, not static and that a prospering individual will move the entire population toward prosperity even though some will fail. In fact, it is essential for weaker individuals to fail for the entire species to advance over time. He misses this point entirely.
In the case of his rank order value assessment, he states the the higher ranking individual should pay for that rank and shift income to the lower rank individual. He argues this on the basis of fairness and desire for overall economic efficiency (read equal outcome). He uses several examples of why this should be done, ignoring entirely the benefit received by the lower rank member by association with the higher rank. He fails to consider equilibrium and routinely places his examples in lopsided stasis which ultimately leads to his argument's failure.
In short he picks portions of Darwin theory and ignores others in a failed attempt to argue for redistribution of wealth.
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7 people found this helpful
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- Steven
- 10-22-11
Distracting and Misleading.
The title of this book seems to be designed to bring in an audience that establishes how Natural Selection and Economics meet and why the economy works the way it does. What I found was nothing but a propoganda book for socialism.
Every reference to economics in the first chapter is taken from one extreme to the other. "You think government controlling everyone through social engineering is bad? You must approve of murder!".
It seems to pick and chose from the edges of economics and then layers it on thick with a massive political agenda. Not a recommendation I would give for anyone who's interested in learning about economics, except maybe to see what incorrect, manipulative and skewed opinions might be brought forwards.
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21 people found this helpful