Akerlof and Kranton argue why the Wall Street bonus system doesn’t work in the Financial Times

Check out bestselling author and Nobel prize-winning economist George Akerlof and Duke economist Rachel Kranton’s intriguing new book IDENTITY ECONOMICS: How Our Identities Shape Our Work, Wages, and Well-Being, which we’re publishing in March.  They have published an enlightening yet sure-to-be criticized op-ed in today’s Financial Times.  What do you think?  Do pay-for-performance systems work on Wall Street?  Do they work in other industries?  I welcome your thoughts.


  1. Tell me, where you can find a book on the Internet or how to buy it in Ukraine, Kiev?