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Quote by Robert H. Frank

“One reason that might motivate a worker to accept a riskier job at higher pay, for example, would be that doing so would enable him to bid more effectively for a house in a better school district. But if other workers did likewise, none would achieve the goal they were striving for.”

Quote by Robert H. Frank

Author

Robert H. Frank
Robert H. Frank

Robert H. Frank is a renowned economist born on January 2, 1945. He has conducted extensive research in various fields of economics, particularly in the areas of consumer choice, market behavior, and income distribution. Professor Frank is known for his profound insights into economics and his focus on social issues. more

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“A good school is a relative concept, and the better schools are located in more expensive neighborhoods. But when everyone bids more for a house in a better school district, they succeed only in bidding up the prices of those houses. As before, 50 percent of all children will attend schools in the bottom half of the school quality distribution. As in the familiar stadium metaphor, all stand, hoping to get a better view, only to discover that no one sees better than if all had remained seated.”

“God made the forests, the tiny stars, and the wild winds-and I think that he made them partly as a balance for that kind of civilization that would choke the spirit of joy out of our hearts. He made the great open places for the people who want to be alone with him and talk to him, away from the crowds that kill all reverence. And I think that he is glad at times to have us forget our cares and responsibilities that we may be nearer him-as Jesus was when he crept away into the wilderness to pray.”