Warren Buffet’s sidekick Charlie Munger once said: “Show me the incentives and I’ll show you the results.” His logic is simple, when the incentives are misaligned, so too are the outcomes.
Banking is a sector that proves his point with many people rewarded for exploiting society.
How have our overall economic incentives become so skewed?
Host Ross Ashcroft is joined by Dr Jonathan Aldred, fellow and director of studies in economics at Cambridge, to discuss why economics has evolved to now punish those who want to do what’s right and reward those who do wrong.
