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Not Just for the Money: An Economic Theory of Personal Motivation

This text poses a challenge to traditional economic theory, arguing that people do not act in expectation of monetary gain alone, nor do they work solely to get paid. It aims to show that higher monetary compensation crowds-out motivation, and offering higher pay makes people less committed to their work, and may reduce their performance. The first part of the book examines the crowding-out effect and the motivational spill-over effect. A large number of applications to constitutional questions, various policy issues and the organization of firms is explored in the second part. In the last part is a discussion of the substantial consequences for policy making and economic theory.

Author: Bruno S. Frey

Binding: Hardcover

EAN: 9781858985091

Condition: New

Manufacturer: Edward Elgar Pub

Number of items: 2

Number of pages: 156

Product group: Book

Studio: Edward Elgar Pub

Publication Date: 1997-06

Publisher: Edward Elgar Pub

Pages: 156

ISBN: 1858985099

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Bruno S. Frey
Bruno S. Frey hat Nationalökonomie an den Universitäten von Basel und Cambridge (England) studiert, 1965 an der Universität Basel doktoriert und 1969 habilitiert. Von 2012-2014 war Frey Senior Professor für Politische Ökonomie an der Zeppelin Universität Friedrichshafen. Seit 2015 ist er Ständiger Gastprofessor an der Universität Basel.