Nakedecon1

Nakedecon1 - DP 1-2 One of the important issues covered in...

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DP 1-2 One of the important issues covered in the Naked Economics book is that of the importance of incentives when it comes to employment. The specific example given in the book is that of teachers and how there is little to no link between performance of teachers and salary. It only makes sense that when you have some type of evaluation of your performance that you would try to merit an increase in pay. The simplicity of the concept seems almost obvious, when you have a carrot in front of you; you are going to reach for it and try to achieve it. It is too bad that there is in some areas of our society where you are not rewarded according to your efforts and abilities. Capitalism at its heart is the concept that you get what you put into something. If you work hard and strive to improve you will find yourself in a better position then someone who does not. The concept that is often utilized by teacher’s unions is that if you work hard for a while then you can coast along in the long run. This entire idea has
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This note was uploaded on 03/02/2010 for the course ECON 110 taught by Professor Vernon during the Summer '07 term at BYU.

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Nakedecon1 - DP 1-2 One of the important issues covered in...

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