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Perverse incentives cause real harm

May 30th, 2009 · Comments Off on Perverse incentives cause real harm

There is a lot of moral outrage about the big bonuses, but, as this world-class economist argues, the dysfunctional sides of people on ‘high-powered’ incentives (as they’re called in economics), betting with other people’s money, deserve more attention, much more..

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Tags: Credit Crisis · Reform Capitalism