A Friday Thought on the Income and Substitution Effect.

So, exactly how do you motivate your big earners?  It’s really as obvious as it sounds! A few weeks ago we published an article on the law of diminishing marginal returns, a classic A-level economics subject.  So whilst in A-level syllabus mode, we had a notion to do an article on the income and substitution Read more about A Friday Thought on the Income and Substitution Effect.[…]

A Friday thought on the law of diminishing returns.

So at what point does an additional cook spoil the broth? Through a number of engagements over the last week, the notion of diminishing returns has entered my work a couple of times.  On both occasions the idea was met with surprise by a number of colleagues.  So, I thought, if there are a handful Read more about A Friday thought on the law of diminishing returns.[…]