Abstract
Material incentives have been identified as the dominant motivating force of economic activity in Adam Smith’s felicitous dictum on the subject: ‘In civilized society [man] stands at all times in need of the co-operation and assistance of great multitudes … it is vain for him to expect it from their benevolence only. He will be more likely to prevail if he can interest their self-love in his favour, and show them that it is for their own advantage to do for him what he requires of them’ (Smith, 1937, p. 14).
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References
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Barkai, H. (1980). Incentives, Efficiency, and Social Control: The Case of The Kibbutz. In: Baumol, W.J. (eds) Public and Private Enterprise in a Mixed Economy. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-16394-6_25
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DOI: https://doi.org/10.1007/978-1-349-16394-6_25
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