Gazelle speed is a Darwinian trait that mimics the invisible hand: a mutation making an individual gazelle faster benefits both that gazelle and the population as it spreads—analogous to a cost-saving market innovation that diffuses and ultimately benefits consumers as competition drives prices down.

causalpending

Speaker

Robert Frank

Evidence Quote

there's a cost-saving innovation somebody introduces it and does really well and then others begin to copy it... competition then drives price down... it's the consumer benefits from that

Source

Robert Frank on Competition, Government, and Darwin 09/12/2011EconTalk
Created: 6/17/2026, 9:48:29 AM

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