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Incentivology: The Forces That Explain Tremendous Success and Spectacular Failure

Jason Murphy



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Hardie Grant Books
01 June 2019
Business & Economics
Rewards. Punishments. Prices. The Nobel Prize. Candy Crush. Incentives take more forms than you might expect and they can be hard to spot, but they shape our lives in ways that we rarely examine.

Some incentives are obvious, like for example, publicly committing to doing something you dislike in order to motivate you to do something difficult, like lose weight. But, many of the most powerful incentives are accidental, and invisible even to those who designed them. Some are tame - and some are most definitely not. Whether it's bounties for criminals or Instagrammable meals, training your dog or saving the planet, incentives regularly backfire, go missing, mutate and evolve. Without oversight, their unintended consequences can have very global effects. In Incentivology, economist Jason Murphy uncovers the huge incentive systems we take for granted and turns them inside out. In lively, entertaining prose he explores the mechanisms behind many spectacular failures and successes in our history, culture and everyday lives, and shows us how to use (or lose) incentives in our world at large.
By:   Jason Murphy
Imprint:   Hardie Grant Books
Country of Publication:   Australia
Dimensions:   Height: 234mm,  Width: 153mm, 
Weight:   370g
ISBN:   9781743794999
ISBN 10:   1743794991
Pages:   288
Publication Date:   01 June 2019
Audience:   General/trade ,  ELT Advanced
Format:   Paperback
Publisher's Status:   Active

Jason Murphy is an economist who has worked at the Australian Treasury, the Ministry of Finance of the Republic of Nauru, and the Australian Financial Review. He writes regularly for and Crikey, blogs at and has a passion for bringing economics into the everyday world.

Reviews for Incentivology: The Forces That Explain Tremendous Success and Spectacular Failure

'With his sharp, incisive and engaging style, Jason Murphy brings economics to the masses. Always a must read!' - Daniel Sankey, The Australian 'There are certain scholarly, erudite economics commentators whose storied reputations precede them. Jason Murphy is not one of them. He is different. He has hijacked economics from the academy and taken it into the real world. In doing this, he makes it accessible - actually, very interesting - to people who are curious and thoughtful, but want to understand where the economy meets life. He compels you to read about economics, and that's saying something.' - Eric Beecher, Crikey 'Jason Murphy possesses that rare gift of originality of thought and, rarer still, the ability to write about it with clarity, wit and insight.' - Mathew Dunckley, SMH/The Age

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