Robert Frank Series
I’ve just read Robert Frank’s latest book, Falling Behind: How Inequality Harms the Middle Class. I have earlier promoted Frank’s work here, and I found this most recent installment compelling.
However, I also found some shortcomings. Rather than try to get at them all in one blog post, I’m going to try something a little different. I’m doing a series of posts on the book, focusing on how Frank challenges orthodox economic analysis. I also want to respond to some of Frank’s critics, including Tyler Cowen, Virginia Postrel, Will Wilkinson, and Kip Viscusi. While I think each scores some points against Frank, his work more than survives their challenges.
I hope you’ll find that Frank’s work relevant to current debates over regulation, taxation, and consumption. Frank has a Sunstein Number of 1, so he must be on to something!