Quotes About Incentives

I do not believe that the solution to our problem is simply to elect the right people. The important thing is to establish a political climate of opinion which will make it politically profitable for the wrong people to do the right thing. Unless it is politically profitable for the wrong people to do the right thing, the right people will not do the right thing either, or it they try, they will shortly be out of office.

The answer for healthcare is market incentives, not healthcare by a Godzilla-sized government bureaucracy.

People from both political parties have long recognized that welfare without work creates negative incentives that lead to permanent poverty. It robs people of self-esteem.

Capitalism is greed driven.

Su renta por trabajo es más cara y su ocio más barato, así que tenderá a trabajar menos.

The most unjustly rewarded executives in the world had wrecked Western economies and shown no willingness to change their ways. Yet it never occurred to the supposedly liberal-left governments of Barack Obama and Gordon Brown to provide incentives to allow employees to speak up and speak truthfully, or to impose penalties on those who stayed silent.

Call it what you will, incentives are what get people to work harder.

A 2016 study found that purchasing even a single meal with a value of $20 for a physician can be enough to change the way that he prescribes. And for all their lip service to the contrary, the Sacklers didn't need studies to tell them this.

Like casino employees talking about an especially profligate gambler, the sales reps referred to these doctors as "whales.

The rise of individualism has weakened the capacity of society to work together for common purposes. And the two have interacted: leaders thought they knew what to do, but distrusted people as being too selfish to cooperate, so they relied on incentives linked to scrutiny. The combination of individual selfishness and overconfident top-down management has damaged our societies. But you can change it: we have written this book to help you do so. 1 What is Going On Here?

We rarely do anything with on single motive.

Private equity is all about alignment. You put the right incentives in place and do the broader engagement work to show people you actually care, and the results start to pour out.