A leading proponent of behavioral economics, Robert Frank argues that nearly every decision we make is economic, our boundless desires constrained by our limited resources. Frank takes a closer look at major economic policies, as well as choices we make at home about when to spend (or save) our paychecks.
Robert Frank is a senior writer for the Wall Street Journal and the author of Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich.
His column, The Wealth Report, is a daily blog focused on the lives and culture of the wealthy which appears every Friday in The Wall Street Journal.
Economist Robert Frank calls the current healthcare system a "failed business model" because people must rely on private insurers whose incentives are to exclude individuals who need care from acquiring coverage.