Quotes About Incentives

Working in a system in which financial incentives have been reconfigured to make physician and patient economic rivals, it is hard for either patients or physicians to feel that their value constitutes true dignity-the value that has no price and belongs only to persons.' This is the value of those created in the image and likeness of God. Working

Economic institutions shape economic incentives: the incentives to become educated, to save and invest, to innovate and adopt new technologies, and so on. It is the political process that determines what economic institutions people live under, and it is the political institutions that determine how this process works.

NATIONS FAIL TODAY because their extractive economic institutions do not create the incentives needed for people to save, invest, and innovate. Extractive political institutions support these economic institutions by cementing the power of those who benefit from the extraction.

Supply-side economists argue that because lower tax rates allow everyone in the private sector to keep more of what they earn, tax relief provides citizens with strong incentives to work longer hours (thus increasing labor), to save and invest more of their income (thus increasing capital), and to devote more attention to innovation of all kinds (thus increasing efficiency, or TFP).

The Church engrossed large amounts of capital in unproductive ways, imposing burdens that limited the output of society and suppressed commerce. These burdens, like those imposed by the nation-state today, were numerous. We know what happened to organized religion in the wake of the Gunpowder Revolution: it created strong incentives to downsize religious institutions and lower their costs.

Why not pay prime ministers and presidents even a tiny share of the gain that their policies promote?

Consider the perverse effect cap and trade has on altruistic actions. Say you decide to buy a small, high-efficiency car. That reduces your emissions, but not your country's. Instead it allows somebody else to buy a bigger S.U.V. - because the total emissions are set by the cap.

The present structure of rewards in high schools produces a response on the part of an adolescent social system which effectively impedes the process of education.

A year later Matthew Rees, writing for the New Republic, similarly defended Norplant incentives on the ground that the current threat to children in our inner cities makes it an option that the morally serious can no longer simply dismiss. (Our inner cities and the underclass, of course, are another way of referring to the Black urban poor.)

To truly understand and appreciate music, you need to understand economics.

Rather than redistribute physician income as a way to subsidize an expansion of government control, Mr. Obama should fix the payment system to align incentives with improved care.

By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom.

Just as Wall Street needs to break the hold of the bonus culture, which drives risk-taking that is rational for individuals but damaging to the financial system, so science must break the tyranny of the luxury journals. The result will be better research that better serves science and society.

The object of rewards is to encourage; that of punishments, to prevent. If rewards are high, then what the ruler wants will be quickly effected; if punishments are heavy, what he does not want will be swiftly prevented.

The Canary Islands offer special incentives to companies looking at potential filming locations, so it was only logical for me to help the local government make connections with major U.S. film studios like Universal, Fox, Sony, Disney, Paramount, Time Warner, 21st Century Fox, CBS, Viacom, Comcast, HBO, Netflix, Warner Brothers etc.

Our electoral process has created perverse incentives that have warped our democracy and empowered special interests and a vocal minority.

Wars have economies. And I don't mean financial economies, although that's often part of it. Why do people continue fighting these wars? There are financial incentives.

We need different perspectives here in Washington - someone who has private-sector experience, somebody who's actually created jobs, manufactures products, understands the incentives and disincentives, the intended and unintended consequences of legislation.

A forced equalization of wages that disregards the marginal contributions of different workers will deaden incentives and lead to a misallocation of resources and effort.

I'm a capitalist. I believe that people take risk, and there are rewards if they do well; they should lose if they don't.

It's my feeling that on sensitive, localized issues like our schools, it's important to lead with the carrot and not force peoples' hands.

A shortage is a sign that somebody is keeping the price artificially lower than it would be if supply and demand were allowed to operate freely.

It's not just buying the company. Sure, we picked the right companies, and we picked the right management and, most importantly, we've given them the right incentive to perform.

Meaningful health reform needs to provide incentives for physicians and other health professionals to teach their patients healthy ways of living rather than reimbursing primarily drugs and surgical interventions.