The actual participants in industry under individualism are prompted to action by the following combination of incentives: desire for an income, desire for a higher income, desire for security, satisfaction received from shouldering responsibility or from wielding power, the joy of participation in creative activity, and the desire for applause and prestige. ...And all these motivations may be conserved and strengthened under socialism.
We do not live in a world that mainly suffers bad policies due to lack of ideas about better ones, or lack of elegant explanations supporting good policies, but one that suffers bad policies due to system and meta-system level incentives.patri friedman
Simply having rules does not change the things that people want to do. You have to change incentives.jimmy wales
Despite declining catches, New England fishermen continue to receive state and federal tax incentives that encourage them in some cases all but compel them to acquire bigger boats and to harvest the seas more intensively. Today the fishermen of Massachusetts are reduced to fishing the hideous hagfish, for which there is a slight market in the Far East, but even their numbers are now falling.Bill Bryson
The military works like government; is financed like government, and sports the same inherent malignancies and perverse incentives of government, down to the racial-spoils system.ilana mercer
In the bureaucracy, incentives will forever be inverted. Failure results in success: in more funds, more training, more time off.ilana mercer
Those subjects have the greatest educational value, which are richest in incentives to the noblest self-activity.john lancaster spalding
I disagree with the followers of Marx and those of Adam Smith: the reason free markets work is because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or "incentives" for skill.nassim nicholas taleb
But, because the blacks were so close to the very civilization which sought to keep them out, because they could not help but react in some way to its incentives and prizes, and because the very tissue of their consciousness received its tone and timbre from the strivings of that dominant civilization, oppression spawned among them a myriad variety of reactions, reaching from outright blind rebellion to sweet, other-worldly submissiveness.richard wright
Children who willingly participate in sexual acts have the right to make that decision as well, even if it's distasteful to us personally. Some children will make poor choices just as some adults do in smoking and drinking to excess; this is part of life. When we outlaw child pornography, the prices paid for child performers rise, increasing the incentives for parents to use children against their will.
The military works like government; is financed like government, and sports the same inherent malignancies and perverse incentives of government, down to the racial-spoils system.
In the bureaucracy, incentives will forever be inverted. Failure results in success: in more funds, more training, more time off.