Morality, it could be argued, represents the way that people would like the world to work, wheareas economics represents how it actually does work.
The conventional wisdom is often wrong
An incentive is a bullet, a key: an often tiny object with astonishing power to change a situation
The ECLS data do show, for instance, that a child with a lot of books in his home tends to test higher than a child with no books
Freakonomics is a groundbreaking collaboration between Levitt and Stephen J. Dubner, an award-winning author and journalist. They set out to explore the inner workings of a crack gang, the truth about real estate agents, the secrets of the Ku Klux Klan, and much more
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