Ep 8 “Fair or Unfair: Do Competitive Markets Give Everyone a Chance?”
发布时间 2022-06-07 23:19:53 来源
摘要
Competitive markets don’t produce the same level of prosperity for everyone. But economist John Cochrane thinks they give us something essential — incentives.
In this episode of All Else Equal: Making Better Decisions, hosts Jules van Binsbergen (Wharton) and Jonathan Berk (Stanford Graduate School of Business) are joined by Cochrane, a prominent free-market economist and a senior fellow at the Hoover Institution at Stanford University.
According to Cochrane, competition gives us the motivation to work, serve the needs of others, and innovate. A system with incentives, he says, “is the only one where we all don't end up worse.” #allelseequals #podcast
https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions
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