Commentary Quote by Steven Landsburg

“There are three basic flavours of incentive: economic, social and moral.”

— Steven D. Levitt

“Humans respond to incentives.”

— Steven D. Levitt

“Economics is more than just a way to see patterns or to unravel puzzling anomalies. Its fundamental concern is with the material standard of…

— Thomas Sowell

“The economics we need is of the "seminar room" variety, not the "rule-of-thumb" kind. It is an economics that recognizes its limitations and caveats…

— Dani Rodrik

Economic policies need to be analyzed in terms of the incentives they create, rather than the hopes that inspired them.

— Thomas Sowell

Economists love to talk about incentives, but the bottom line is that people hate being controlled or manipulated, even when done through voluntary institutions.…

— Tyler Cowen

If you go back to Adam Smith, you find the idea that markets and market forces operate as an invisible hand. This is the…

— Michael Sandel

“What we learn from behavior economics is that the moment a metric is created it generates an incentive for people to pursue it.”

— David Amerland

Too little attention is paid to the dark side of incentives. They are anything but a magic bullet. Psychologists have known this for years,…

— Barry Schwartz

“One conceit of economics is that markets as a whole can perform fairly rationally, even if many of the participants within them are irrational.…

— Nate Silver

I practice what has come to be called behavioral economics.

— Richard Thaler

“Systems include their by-products; it all comes from the pattern of incentives they create. It’s how they make people think, how they make people…

— Malka Ann Older