ENGLISH

The Moral Economy: Why Good Incentives Are No Substitute for Good Citizens

By Samuel Bowles

Book information

Publisher
Yale University Press
Year
2016
ISBN
0300163800, 9780300163803
Language
english
Format
AZW3
Filesize
2 MB (2092380 bytes)
Series
Castle Lectures Series
Pages
288\0
Topic
Economy
Time added
2017-11-04 21:30:20
Economics;Banks & Banking;Commerce;Commercial Poli

Description

Why do policies and business practices that ignore the moral and generous side of human nature often fail? Should the idea of economic man—the amoral and self-interested Homo economicus—determine how we expect people to respond to monetary rewards, punishments, and other incentives? Samuel Bowles answers with a resounding “no.” Policies that follow from this paradigm, he shows, may “crowd out” ethical and generous motives and thus backfire.   But incentives per se are not really the culprit. Bowles shows that crowding out occurs when the message conveyed by fines and rewards is that self-interest is expected, that the employer thinks the workforce is lazy, or that the citizen cannot otherwise be trusted to contribute to the public good. Using historical and recent case studies as well as behavioral experiments, Bowles shows how well-designed incentives can crowd in the civic motives on which good governance depends.

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