Akerlof: SINS OF OMISSION

2018/05/29 wwchu 反思經濟學

SINS OF OMISSION George Akerlof INET Edinburgh: October 22, 2017

https://www.ineteconomics.org/uploads/downloads/AKERLOF-Presentation.pdf

This paper advances the general proposition that full coverage of the subject matter of economics requires a combination of two types of task: Hard and Soft. Rewards in publication and in promotion are accorded to Hard tasks; denied to Soft. These incentives have biased the practice of economics. Thus this essay is an application of the theory of multi-tasking, with agents dividing their effort between tasks, according to the respective rewards. It will give examples of resultant sins of omission.

Powered by WordPress. Designed by elogi.