Matt McCaffrey: The phrase “incentives matter” is ubiquitous in economics, from undergraduate teaching to economic policy debates. The mantra is especially popular in the growing literature targeted at the general public, which I’ve criticized before for its undue focus on incentives (see here and here). My point is that while it’s good to see economic ideas reaching a larger audience, it doesn’t help much if the ideas aren’t sound to begin with. bastiat.mises.org/2014/09/do-incentives-really-matter/
Posted on: Tue, 16 Sep 2014 19:30:44 +0000
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