Monday, October 3, 2011

Quote of the Day

"Economists love incentives. They love to dream them up and enact them, study them and tinker with them. The typical economist believes the world has not yet invented a problem that he cannot fix if given a free hand to design the proper incentive scheme. His solution may not always be pretty—it may involve coercion or exorbitant penalties or the violation of civil liberties—but the original problem, rest assured, will be fixed."

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Freakonomics: A Rogue Economist Explores the Hidden Side of Everything Steven D. Levitt and Stephen J. Dubner

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