Free Market
Author:
Jörg Guido Hülsmann
Online Publish Date:
The Free Market 26, no. 4 (April 2008) A central occupation of economists is to analyze the nature, causes, and effects of incentives—the circumstances that are held to motivate human action. Economists agree on the positive role that “good” incentives play to increase production. They also agree that “perverse” incentives have an opposite