The Moral Economy: Why Good Incentives are No Substitute for Good Citizens

4/9/2019; 98 minutes

It is widely held today on grounds of prudence if not realism that in designing public policy and legal systems, we should assume that people are entirely self-interested and amoral. But it is anything but prudent to let "Economic Man" be the behavioral assumption that underpins public policy. Samuel Bowles (Santa Fe Institute) supports his position using evidence from behavioral experiments mechanism design and other sources, and proposes an alternative paradigm for policy making. Recorded on 02/25/2019. (#34354)

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