Zaterdag quote

(T)he use of incentives can signal our fellow citizens’ lack of enthusiasm for the public good, and so damage the norms of civil behavior and be counterproductive. To the extent that we all want to retain the illusion that the society in which we live is virtuous, this also sheds light on the widespread resistance to what economists have to say, because economists are often the bearers of bad empirical news concerning how virtuous people are.

Jean Tirole (2017). Economics for the Common Good, p 149

Leave a Reply

Your email address will not be published. Required fields are marked *