Incentives are the most powerful tools executives can use to improve worker performance. This is particularly true in today's empowered workplace, where incentives can ensure that workers apply their initiative toward company goals. Now, in this groundbreaking book, Richard McKenzie and Dwight Lee show how to select the right incentives and how to use them for best results. Generously illustrated with examples from business, industry, government, academia, and professional sports, this superb volume offers a comprehensive overview of incentives, both in theory and in practice, providing a...
Incentives are the most powerful tools executives can use to improve worker performance. This is particularly true in today's empowered workplace, whe...
This volume reviews the policy reforms necessary in the United States for children's homes to become reliable solutions for many of the nation's disadvantaged and abused children. The contributors explore a variety of topics including: judicial issues; child maltreatment; the history of children's homes; regulation and funding; and solutions for reform.
This volume reviews the policy reforms necessary in the United States for children's homes to become reliable solutions for many of the nation's disad...
This volume reviews the policy reforms necessary in the United States for children's homes to become reliable solutions for many of the nation's disadvantaged and abused children. The contributors explore a variety of topics including: judicial issues; child maltreatment; the history of children's homes; regulation and funding; and solutions for reform.
This volume reviews the policy reforms necessary in the United States for children's homes to become reliable solutions for many of the nation's disad...
The purpose of The Political Economy of the Educational Process is to demonstrate in an elemental way what economics can contribute to our understanding of how education occurs. Although in ways similar, the book is significantly different from other studies in the economics of education. Other works are primarily concerned with the effects which education (or, to use the economist's jargon, human capital) has on production, market efficiency, and the distri- bution of income. The central concern of this book is how and why the student goes about acquiring whatever human capital he wishes and...
The purpose of The Political Economy of the Educational Process is to demonstrate in an elemental way what economics can contribute to our understandi...
The essays in this volume were a challenge to me to write. I am an economist to the core, inclined to evaluate most observed behavior and public policies with conventional neoclassical theory. The essays represent my attempt to come to grips with the meaning and importance of what I try to do as a professional economist. They reflect my attempt to acquire a new and improved understanding of the usefulness and limitations of the writings of professional economists, especially my own. In this regard, although I hope others will find the thoughts useful, the volume represents a personal...
The essays in this volume were a challenge to me to write. I am an economist to the core, inclined to evaluate most observed behavior and public polic...
The digitization of such traditional goods as books, music, and movies, in combination with traditional digital productions like software, has given rise to new twists and turns in economic arguments. The primary reasons for these digital-led developments in economic theory are that digital goods often exhibit network effects--consumer benefits that grow with the spreading use of certain goods--and that digital products often have low or negligible reproduction costs. McKenzie describes how the advent of digital goods has forced changes in firms' production and pricing strategies, and how...
The digitization of such traditional goods as books, music, and movies, in combination with traditional digital productions like software, has give...
- How Prices Matter rices are ubiquitous, so much so that their importance to the smooth operation of a market economy (even one constrained by extensive polit- P ical controls as is the case in China) can go unnoticed and unheralded. Prices are what all trades, whether at the local mall or across the globe, are built around. Tey facilitate trades among buyers and sellers who don't know each other, meaning they make less costly, or more socially benefcial, the allocation and redistribution of the planet's scarce resources. Indeed, as the late Friedrich Hayek is renowned for having observed,...
- How Prices Matter rices are ubiquitous, so much so that their importance to the smooth operation of a market economy (even one constrained by extens...
- How Prices Matter rices are ubiquitous, so much so that their importance to the smooth operation of a market economy (even one constrained by extensive polit- P ical controls as is the case in China) can go unnoticed and unheralded. Prices are what all trades, whether at the local mall or across the globe, are built around. Tey facilitate trades among buyers and sellers who don't know each other, meaning they make less costly, or more socially benefcial, the allocation and redistribution of the planet's scarce resources. Indeed, as the late Friedrich Hayek is renowned for having observed,...
- How Prices Matter rices are ubiquitous, so much so that their importance to the smooth operation of a market economy (even one constrained by extens...
This book argues that Lionel Robbins's construction of the economics field's organizing cornerstone, scarcity-and all that has been derived from it from economists in Robbins's time to today-no longer can generate general consent among economists.
This book argues that Lionel Robbins's construction of the economics field's organizing cornerstone, scarcity-and all that has been derived from it fr...
