A progressive consumption tax would curb positional arms races and free up finances that could plug the deficit hole. By following Darwin’s theories, we could introduce a more effective economic system.

Frank, Robert (2011) A progressive consumption tax would curb positional arms races and free up finances that could plug the deficit hole. By following Darwin’s theories, we could introduce a more effective economic system. British Politics and Policy at LSE (31 Oct 2011). Website.

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Abstract

Darwin’s theory of evolution helps explain the positive role of competition in the business world but also highlights the damaging effects of competitive ‘arms races’ in private consumption. Robert Frank argues that a progressive consumption task would correct market inefficiencies and channel resources towards more highly valued uses .

Item Type:	Online resource (Website)
Official URL:	http://blogs.lse.ac.uk/politicsandpolicy/
Additional Information:	© 2011 The Author
Divisions:	LSE
Subjects:	H Social Sciences > HB Economic Theory
Date Deposited:	09 Nov 2011 16:08
Last Modified:	13 Sep 2024 17:53
URI:	http://eprints.lse.ac.uk/id/eprint/39371

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