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Murphy + von Pepe > 2 Nobel Laureates

Summary:
In my latest piece for Mises.org, I push back on two of the recent Nobel laureates when they claimed in the NYT that financial incentives don’t matter as much as economists think. Since they had invoked salary caps in sports as an example, I acquired the assistance of the intrepid von Pepe to give me specifics. In any event, perhaps the most surprising detail is that I’m pretty sure the NYT charts on Alaska prove the exact opposite of the narrative they’re pushing.

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In my latest piece for Mises.org, I push back on two of the recent Nobel laureates when they claimed in the NYT that financial incentives don’t matter as much as economists think. Since they had invoked salary caps in sports as an example, I acquired the assistance of the intrepid von Pepe to give me specifics.

In any event, perhaps the most surprising detail is that I’m pretty sure the NYT charts on Alaska prove the exact opposite of the narrative they’re pushing.

Robert Murphy
Christian, Austrian economist, and libertarian theorist. Research Prof at Texas Tech and author of *Choice*. Paul Krugman's worst nightmare.

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