Chris Dillow: Incentives as ideology

Chris Dillow sees Incentives as ideology.

All this poses the question: if high-powered incentives can so often fail or backfire, why do they still exist in some places? I suspect the main reason is that whilst the idea that big rewards are necessary to elicit good performance might be often wrong, it serves as a useful justification for inequality. What we have here is ideology masquerading as economics.

Emphasis Mine

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