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.
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
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
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 …
Once firms had to pay to pollute, they became incredibly inventive at figuring out cheaper ways to eliminate their SO2 emissions. - Bob Frank
Once firms had to pay to pollute, they became incredibly inventive at figuring out cheaper ways to eliminate their SO2 emissions.
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
As the great naturalist Charles Darwin saw clearly, individual and collective interests often coincide, as in the invisible hand narrative. But he al…
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
There's no indication that middle-income families feel resentful about the bigger mansions and yachts. But the near-rich, whose social circles inters…
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
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…
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
Prescriptive regulations, such as telling electric utilities what kinds of coal to burn or what kinds of scrubbers to install on their smokestacks, w…
In the long run, greater investment would mean greater productivity and income growth. - Bob Frank
In the long run, greater investment would mean greater productivity and income growth.
Every group spends more when its income grows. - Bob Frank
Every group spends more when its income grows.
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