The irrationality of rationality in market economics: a paradox of incentives perspective

Tamvada, Jagannadha Pawan and Chowdhury, Rashedur (2023) The irrationality of rationality in market economics: a paradox of incentives perspective. Business & Society, 62 (3), 482-487. (doi:10.1177/00076503221101888).

Record type: Article

Abstract

Current incentive structures are more favorably aligned with the world’s problems than with their solutions. We conceptualize this as the paradox of incentives to argue the need for new thinking and restructuring of incentives to break the paradox during the COVID-19 pandemic and beyond, and create new opportunities for societal transformation.

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Accepted/In Press date: 20 April 2022

e-pub ahead of print date: 10 June 2022

Published date: March 2023

Keywords: COVID-19 pandemic, incentives, inequality, justice, paradox, peace, rationality

Identifiers

Local EPrints ID: 456054

URI: http://eprints.soton.ac.uk/id/eprint/456054

DOI: doi:10.1177/00076503221101888

ISSN: 0007-6503

PURE UUID: 63690f5c-8de9-4139-8c32-eaaf1b0a3aae

ORCID for Jagannadha Pawan Tamvada:

orcid.org/0000-0002-1225-3174

ORCID for Rashedur Chowdhury:

orcid.org/0000-0002-5118-8344

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Date deposited: 25 Apr 2022 16:39

Last modified: 17 Mar 2024 03:33

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Contributors

Author: Jagannadha Pawan Tamvada

Author: Rashedur Chowdhury

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