The Moral Economy: Why Good Incentives Are No Substitute for Good Citizens (Castle Lecture Series)

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The Moral Economy: Why Good Incentives Are No Substitute for Good Citizens (Castle Lecture Series) image
ISBN-10:

0300230516

ISBN-13:

9780300230512

Author(s): Bowles, Samuel
Edition: Reprint
Released: Aug 08, 2017
Format: Paperback, 288 pages
Related ISBN: 9780300163803

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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