Incentives in the Financial Crisis of Our Time

Further, the article emphasizes the moral dimension of the setting of incentives, which has been largely neglected in economic thought, and which was surely ignored in the establishment and use of the OTD Model. The article argues that setting incentives and acting upon the incentives set by others both have a moral dimension that is generally neglected, but one that should have a central role in economic policy generally and in the financial crisis particularly.