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Bonuses & arms races

Bonuses & arms races

There's an important economic principle behind the debate about bankers' bonuses. It's that individual self-interest sometimes conflicts with the collective interest.

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RT @jdportes: Immigration drives growth: @plegrain explains why politicians' cowardice threatens UK economy: http://t.co/XpeZmoZIES

RT @CJFDillow: Blogged: the revolution will not be televised http://t.co/fAmjaTVcS8 A reply to @DAaronovitch

RT @tomashirstecon: As promised @DuncanWeldon: Why I'm not panicking about the scariest chart for the UK econ http://t.co/OsFXG5SuPX cc @jo…