Tim Harford gave an argument like that in “The Logic of Life”. It’s not that he had data backing that up, the book is heavily based on economic theory & reasoning.
Yeah, I’ve read the book. Having worked in large companies where a lot of unproductive activity went on it always seemed fairly clear to me that people were generally responding rationally to the incentives that existed when they took actions that didn’t maximize shareholder profits. I work at a startup now where the incentives are rather different.
Tim Harford gave an argument like that in “The Logic of Life”. It’s not that he had data backing that up, the book is heavily based on economic theory & reasoning.
Yeah, I’ve read the book. Having worked in large companies where a lot of unproductive activity went on it always seemed fairly clear to me that people were generally responding rationally to the incentives that existed when they took actions that didn’t maximize shareholder profits. I work at a startup now where the incentives are rather different.