Mises Wire
Author:
Robert P. Murphy
Online Publish Date:
A recent NYT article from this year’s economics Nobel Prize winners , Esther Duflo and Abhijit Banerjee, argues that “economists have somehow managed to hide in plain sight an enormously consequential finding from their research: Financial incentives are nowhere near as powerful as they are usually assumed to be.” Yet as we’ll see, Duflo and