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Good policy uses incentives to channel behavior toward some desired outcome. Bad policy either ignores incentives, or fails to anticipate how rational individuals might change their behavior to avoid being penalized.
Charles Wheelan • Naked Economics: Undressing the Dismal Science (Fully Revised and Updated)
Economics starts with one very important assumption: Individuals act to make themselves as well off as possible.
Charles Wheelan • Naked Economics: Undressing the Dismal Science (Fully Revised and Updated)

When the eyes were watching, Bateson’s colleagues left nearly three times as much money in the honesty box.
Stephen J. Dubner • SuperFreakonomics
“What does Wall Street get out of financialization? A valuation story to sell. What does management get out of financialization? Stock-based compensation. What does the Fed get out of financialization? A (very) grateful Wall Street. What does the White House get out of financialization? Re-election. What do YOU get out of financialization? You get
... See moreSacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
As the author John Perkins spells out it’s a paradigm driven forward, ‘by a concept that has become accepted as gospel: the idea that all economic growth benefits humankind and that the greater the growth, the more widespread the benefits. This belief also has a corollary: that those people who excel at stoking the fires of economic growth should b
... See moreJoe Lightfoot • A Collective Blooming: The Rise Of The Mutual Aid Community
Scott Kominers • A Labor Movement for the Platform Economy
our propensity for self-interest the “invisible hand.”
Simon Sinek • The Infinite Game
This is not at all mysterious if we realize that engaging with markets requires individuals to compress the economic signal nascent in the n-dimensions of their information, heuristics, judgments, and stakes, and project it onto the single dimension of price, and that markets do not project the aggregates; they aggregate the projections.