Friday, October 23, 2009

Animal Spirits

From the growing field (no joke!) of primate economics: evidence that monkeys know how to reward specialization, high-value tasks, and productivity with higher "wages" or maybe "profits". (You will love the form the earnings take.) More intriguing yet, when new suppliers enter the market, competition increases and earnings decline. Classic.

Have a listen. It is a 4 minute clip.

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