To summarize, using money to motivate people can be a double-edged sword. For tasks that require cognitive ability, low to moderate performance-based incentives can help. But when the incentive level is very high, it can command too much attention and thereby distract the person’s mind with thoughts about the reward. This can create stress and ultimately reduce the level of performance.
Dan ArielyStichwörter: mind economics human motivation human-behavior wok
The United States of America was a pirate nation for the first one hundred years of its existence, ripping off the patents and trademarks of the imperial European powers it had liberated itself from by blood. By keeping their GDP at home, the U.S. revolutionaries were able to bootstrap their nation into an industrial powerhouse. Now, it seems, their descendants are bent on ensuring that no other country can pull the same trick off.
Cory DoctorowStichwörter: history economics
Your money myth affects your gain and luck.
In economics, illusion of money affects wealth.
Stichwörter: money economics myth illusion luck gain
I have a dream, there will be critical point in the future,
where economics and technology will negate each other.
Stichwörter: future economics technology dream negate
An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.
Laurence J. PeterStichwörter: economics economists
This is the permanent tension that lies at the heart of a capitalist democracy and is exacerbated in times of crisis. In order to ensure the survival of the richest, it is democracy that has to be heavily regulated rather than capitalism.
Tariq AliStichwörter: democracy capitalism economics leftism deregulation neoliberalism anti-democratic-thought financial-regulation late-2000s-financial-crisis late-2000s-recession
A guidance counselor who has made a fetish of security, or who has unwittingly surrendered his thinking to economic determinism, may steer a youth away from his dream of becoming a poet, an artist, a musician or any other of thousands of things, because it offers no security, it does not pay well, there are no vacancies, it has no "future".
Henry M. WristonStichwörter: education dreams economics aspirations occupations jobs
We all know how 'modern democracies take loaves from the wealthy.' It's the slipups in the 'pass them out to the poor' department that inspire a study of Economics.
P.J. O'RourkeStichwörter: capitalism economics socialism redistribution-of-wealth
There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on a national scale as the way of economic salvation; and when anyone points to what the consequences of these policies will be in the long run, they reply flippantly, as might the prodigal son of a warning father: "In the long run we are all dead." And such shallow wisecracks pass as devastating epigrams and the ripest wisdom.
Henry HazlittStichwörter: economics obama fdr progressivism keynes
need is not demand. Effective economic demand requires not merely need but corresponding purchasing power.
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