O'Reilly logo

The Darwin Economy by Robert H. H. Frank

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

FIVE

Putting the Positional Consumption Beaston a Diet

DARWINS INSIGHT THAT INDIVIDUAL INCENTIVES often conflict sharply with those of larger groups is nowhere more clearly illustrated than in the context of military arms races. Yet, despite its familiarity, the parable of the military arms race remains imperfectly understood.

The Logic of Military Arms Races

In a stripped-down version of an arms race, one nation gains advantage over a rival by building additional armaments, which prompts the rival to build additional armaments of its own to restore the balance. The first nation then acquires still more weaponry, provoking yet another response from its rival, and so on. When the dust settles, neither side enjoys greater security, despite having ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required