Questioning the Veil - Open Letters to Muslim Women

In Wars, Guns, and Votes, Paul Collier investigates the violence and poverty in the small, remote countries at the lowest level of the global economy and argues that the spread of elections and peace settlements may lead to a brave new democratic world. For now and into the foreseeable future, however, nasty and long civil wars, military coups, and failing economies are the order of the day.

An esteemed economist and a foremost authority on developing countries, Collier gives an eye-opening assessment of the ethnic divisions and insecurities in the developing countries of Africa, Latin America, and Asia, where corruption is often firmly rooted in the body politic, and persuasively outlines what must be done to bring peace and stability. Groundbreaking and provocative, Wars, Guns, and Votes is a passionate and convincing argument for the peaceful development of the most volatile places on earth.

"Everything Mr. Krugman has to say is smart, important and even fun to read . . . he is one of a handful of very bright, relatively young economists who do everything well." — Peter Passell, New York Times Book Review

In this revised and updated edition of Steven Landsburg’s hugely popular book, he applies economic theory to today’s most pressing concerns, answering a diverse range of daring questions, such as:

Why are seat belts deadly?

Why do celebrity endorsements sell products?

Why are failed executives paid so much?

Who should bear the cost of oil spills?

Do government deficits matter?

How is workplace safety bad for workers?

What’s wrong with the local foods movement?

Which rich people can’t be taxed?

Why is rising unemployment sometimes good?

Why do women pay more at the dry cleaner?

Why is life full of disappointments?

Who was the greater economist--Adam Smith or Charles Darwin? The question seems absurd. Darwin, after all, was a naturalist, not an economist. But Robert Frank, New York Times economics columnist and best-selling author of The Economic Naturalist, predicts that within the next century Darwin will unseat Smith as the intellectual founder of economics. The reason, Frank argues, is that Darwin's understanding of competition describes economic reality far more accurately than Smith's. And the consequences of this fact are profound. Indeed, the failure to recognize that we live in Darwin's world rather than Smith's is putting us all at risk by preventing us from seeing that competition alone will not solve our problems.

Smith's theory of the invisible hand, which says that competition channels self-interest for the common good, is probably the most widely cited argument today in favor of unbridled competition--and against regulation, taxation, and even government itself. But what if Smith's idea was almost an exception to the general rule of competition? That's what Frank argues, resting his case on Darwin's insight that individual and group interests often diverge sharply. Far from creating a perfect world, economic competition often leads to "arms races," encouraging behaviors that not only cause enormous harm to the group but also provide no lasting advantages for individuals, since any gains tend to be relative and mutually offsetting.

The good news is that we have the ability to tame the Darwin economy. The best solution is not to prohibit harmful behaviors but to tax them. By doing so, we could make the economic pie larger, eliminate government debt, and provide better public services, all without requiring painful sacrifices from anyone. That's a bold claim, Frank concedes, but it follows directly from logic and evidence that most people already accept.