Monetary incentives are uniquely powerful in certain settings: you would rather rely on a paid cab driver who fears losing her job to make a 4:30am airport pickup than on a sibling acting out of love, because there is more at stake and the obligation is enforceable—illustrating that not just any incentive but specifically monetary incentives can be most reliable.

causalpending

Speaker

Russ Roberts

Evidence Quote

in that setting is are very powerful and yet and yet I can think lots of cases where love triumphs and maybe does a better job

Source

Mike Munger on Love, Money, Profits, and Non-profits 04/19/2010EconTalk
Created: 6/17/2026, 10:31:45 AM

My Notes

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