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Item Details
| Title:
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NOT JUST FOR THE MONEY
AN ECONOMIC THEORY OF PERSONAL MOTIVATION |
| By: |
Bruno S. Frey |
| Format: |
Hardback |
| List price:
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£94.00 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
1858985099 |
| ISBN 13: |
9781858985091 |
| Publisher: |
EDWARD ELGAR PUBLISHING LTD |
| Pub. date: |
1 May, 1997 |
| Pages: |
168 |
| Description: |
A challenge to traditional economic theory, arguing that people do not act in expectation of monetary gain alone. This text 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. |
| Synopsis: |
In Not Just for the Money Professor Frey challenges traditional economic theory and argues that people do not act in expectation of monetary gain alone, nor do they work solely because they are paid. Furthermore, the author claims that higher monetary compensation as well as regulations crowd-out motivation in important circumstances. Offering higher pay may make people less committed to their work and may reduce their performance. They thus behave in exactly the opposite way the fundamental price-effect of economics predicts.The first part of the book considers the Crowding-Out Effect and the Motivational Spill-Over Effect. The second part explores a large number of applications to constitutional questions, various policy issues and the organization of firms. The final part discusses the substantial consequences for policy making and economic theory.This path breaking book is bound to create controversy and debate. It will appeal not only to economists but to a wide range of social scientists who want to go beyond the traditional assumption of economic man. |
| Publication: |
UK |
| Imprint: |
Edward Elgar Publishing Ltd |
| Returns: |
Returnable |
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