Verified by Psychology Today

The Moral Economy

Beyond Homo economicus

Behavioral Economics
Crowding Out Virtue

Samuel Bowles on July 14, 2016

Monetary rewards are proposed to promote everything from losing weight to reading books. But an experiment with villagers in Colombia shows that incentives can backfire.

Monetary rewards are proposed to promote everything from losing weight to reading books. But an experiment with villagers in Colombia shows that incentives can backfire.

Punishment
Firemen's Revenge

Samuel Bowles on May 30, 2016

Homo economicus is in retreat, and the intersection of psychology and economics is booming. A great time for science; a monumental challenge for public policy.

Homo economicus is in retreat, and the intersection of psychology and economics is booming. A great time for science; a monumental challenge for public policy.