11/27/2019

So If Incentives Are Overrated...

"[S]upposing Duflo and Bannerjee are right, I have a few questions.


If incentives are overrated…

1. Is it OK to reduce penalties for tax evasion?

2. Is it OK to cut regulatory enforcement?

3. Is it OK to curtail the right to sue?

4. Is it OK to cut pay and benefits for government employees?

My underlying point, as I’ve said before: The connection between heterodox economics and left-wing policies is fragile at best."