Not Just for the Money
Bruno Frey ()
in Books from Edward Elgar Publishing
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.
Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
JEL-codes: H0 (search for similar items in EconPapers)
References: Add references at CitEc
Citations View citations in EconPapers (42) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:elg:eebook:1183
Ordering information: This item can be ordered from
Access Statistics for this book
More books in Books from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().