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. [Online resource]

Copy

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
Copyright holders	© 2011 The Author
Departments	LSE
Date Deposited	09 Nov 2011 16:08
URI	https://researchonline.lse.ac.uk/id/eprint/39371