391. Balancing Incentives and Morals in Economics and Society feat. Samuel Bowles

unSILOed with Greg LaBlanc · Mar 1, 2024 · 1h 4m

How can tempting kids with an extra allowance for extra chores cause them to lose interest in helping out at all? How do incentives work and fail on each level from knave to king? What can be learned from examining the intersection of economics, preferences, and morality?Samuel Bowles is an economist, professor, and the author of several books on economics and related topics. His latest work is called The Moral Economy: Why Good Incentives Are No Substitute for Good Citizens.Samuel and Greg discuss how our modern service and information economies pose unique challenges to traditional market…