Most Read This Week In Economics
Economics is a social science concerned with the factors that determine the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία from οἶκος (oikos, "house") and νόμος (nomos, "custom" or "law"), hence "rules of the house (hold for good management)". 'Political economy' was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" to establish itself as a separate discipline outside of political science and other social science
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Most Read This Week Tagged "Economics"
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One of the Great Rules of Economics According to John Green
If you are rich, you have to be an idiot not to stay rich. And if you are poor, you have to be really smart to get rich.
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To summarize, using money to motivate people can be a double-edged sword. For tasks that require cognitive ability, low to moderate performance-based incentives can help. But when the incentive level is very high, it can command too much attention and thereby distract the person’s mind with thoughts about the reward. This can create stress and ultimately reduce the level of performance.
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― The Upside of Irrationality: The Unexpected Benefits of Defying Logic at Work and at Home
― The Upside of Irrationality: The Unexpected Benefits of Defying Logic at Work and at Home
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