INCENTIVE - Deepstash


….. simply a means of urging people to do more of a good thing or less of a bad thing.

Economics ultimately boils down to the study of incentives. Incentives are all around us, whether natural or manufactured (like by a parent, teacher, boss, politician or economist).

Three kinds of incentives:

  1. Economic: doing something to increase your wealth.
  2. Social: doing something to affect how others perceive you.
  3. Moral: doing something because of your sense of right and wrong.


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Chapter 1 - Incentives are the cornerstone of modern life

An incentive is simply a means of urging people to do more of a good thing and less of a bad thing.

There are three basic flavors of incentive:

  • Economic - they don't want to be punished by law or lose what they have
  • Social - they...

2. Economist

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  • There are many thinking tools native to economics, but a foundational one is simple. 
  • People respond to incentives.
  • Tyler Cowen, the economist, delivers this best, explaining that a key element of econ...


Property is the thing which is valued, or protected, and forms the basis of all actions and judgements, whether they are moral, theological, economic or political.

A society gets together and co-creates property, in the form of wealth, rights, possessions and instruments of value...

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