Seasonal smog in Delhi is a classic tragedy of the commons: It’s everybody’s problem and hence nobody’s in particular. Alas, ways out seem out of reach.
the book is the darwin economy. professor robert frank. thank you so much for coming on the show. we re going to drag governor mitch daniels into the presidential race kicking and screaming. this is going to be ugly, kids. wake up your parents. mitch daniels for president next. [ male announcer ] nature valley sweet & salty nut bars. they re made from whole roasted nuts and dipped in creamy peanut butter, making your craving for a sweet & salty bar irresistible, by nature valley.
bill riley would probably stay home. the idea if you raise the tax rate at the margin, not on every dollar you earn, at the margin on the highest earners from 35% to 40%, that the 40 vice presidents would suddenly start playing golf on friday and not coming in trying to ascend to the next job on the corporate ladder. that s fiction. there are lots of rewards for doing good work other than the extra dollars. they get extra dollars as long as it isn t 100%. we are nowhere near that margin. the new book is called the darwin economy. you have this really great metaphor about the ways in which competition, which i think we all views a virtue, understandably, right, particularly in the economic sphere and adam smith stipulate thad a long time ago. the ways in which competition can bring negative results. you do it by talking about
outsourced jobs or automated or computerized and china and india were not competing for our jobs and worlds where unions were stronger, and worlds where jobs were more plentiful for those without education, and we are not going backwards, so we have to figure out how to go forwards. and a couple of men who thought a lot about it is the found over the build a dream.com, and the author of the book darwin economy which m loi i m looki forward to reading. robert, let me begin with you here, and let me start broad. what comes next when you think of where the american growth will come from in the growing decades, where are you looking? what sectors? well, you know, i think that we won t see any real growth until we get demand back into the economy. we are suffering right now from a severe shortage ofwell, and