The man who made economics freaky

[mEDITate-OR:

not realize that you CAN legislate "morality"...

if you "incentivize"...., what the Pretty Woman called..., "it".

AND

you incentivizORs understand how "incentives" actually work on the incentivizEEs!!

And/or,

there IS a reason prostitutes charge different prices for different services.

And/or,

why politicians raise so much campaign money.

One of the greatest surprises to me in studying economics, politics & law

was the gross misunderstanding of the role of "incentives"...

in economics, law, ethics, medicine, banking &/V finance...

oh, and politics, of course.

We love to say that we are a "Capitalistic" country, which is, obviously "Good".

And, those who live in a "socialistic" country are obviously "Bad".

Forgive/permit me to ask you This Nice Question:

What if most, if not all, of the "incentives" in a Capitalistic country benefit "Bad" behave.

while most, if not all, of the "incentives in a socialistic country benefit "Good" behavior?

Now, which society/economy is "Good" and which one is "Bad"?

Is the "goal" in life only to make money...

or is it what you DO with the money you make.

or does it matter how you MAKE money.

Put another way...:

If you make your money by selling sex, drugs and inkohol...

is what your are doing "good"...????

If all you DO with the money you make is buy sex, drugs and inkohol...

is what you are doing bad, or good, or, not just, The American Way...???

pppsss:

You MUST read the article...

to understand WHY you must read the article.

==============

The man who made economics freaky

http://money.cnn.com/magazines/moneymag/moneymag_archive/2010/07/01/105948786/index.htm

------------

--------------

Freakonomics

From Wikipedia, the free encyclopedia

----------------

SuperFreakonomics

From Wikipedia, the free encyclopedia

----------

=========