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Not Just for the Money - An Economic Theory of Personal Motivation (Hardcover)
Loot Price: R2,897
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Not Just for the Money - An Economic Theory of Personal Motivation (Hardcover)
Expected to ship within 12 - 17 working days
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In Not Just for the Money Professor Frey challenges traditional
economic theory and argues that people do not act in expectation of
monetary gain alone, nor do they work solely because they are paid.
Furthermore, the author claims that higher monetary compensation as
well as regulations crowd-out motivation in important
circumstances. Offering higher pay may make people less committed
to their work and may reduce their performance. They thus behave in
exactly the opposite way the fundamental price-effect of economics
predicts.The first part of the book considers the Crowding-Out
Effect and the Motivational Spill-Over Effect. The second part
explores a large number of applications to constitutional
questions, various policy issues and the organization of firms. The
final part discusses the substantial consequences for policy making
and economic theory. This path breaking book is bound to create
controversy and debate. It will appeal not only to economists but
to a wide range of social scientists who want to go beyond the
traditional assumption of economic man.
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