Ever since the Great Depression, economists have known that demand shortages tend to persist in the wake of severe financial crises like the ones tha…

- Bob Frank

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 think …

- Bob Frank

Once firms had to pay to pollute, they became incredibly inventive at figuring out cheaper ways to eliminate their SO2 emissions.

- Bob Frank

Prescriptive regulations, such as telling electric utilities what kinds of coal to burn or what kinds of scrubbers to install on their smokestacks, w…

- Bob Frank

As the great naturalist Charles Darwin saw clearly, individual and collective interests often coincide, as in the invisible hand narrative. But he al…

- Bob Frank

There's no indication that middle-income families feel resentful about the bigger mansions and yachts. But the near-rich, whose social circles inters…

- Bob Frank

The upshot is that to send its children to a school of even average quality, a family must outbid half of other similar families who are pursuing the…

- Bob Frank

Every group spends more when its income grows.

- Bob Frank

In the long run, greater investment would mean greater productivity and income growth.

- Bob Frank