Charles Wheelan, an economist and author, has not specifically discussed the strengths and weaknesses of incentives in his works. However, based on his economic views, we can infer some possible perspectives.
Strengths: Wheelan might argue that incentives can drive innovation and productivity, as they motivate individuals and businesses to perform better. This aligns with his belief in market-driven economics, where rewards are tied to performance.
Weaknesses: On the other hand, Wheelan might caution that incentives can lead to unintended consequences if not properly designed. For example, they might encourage short-term gains over long-term sustainability, or lead to unethical behavior if the rewards are too heavily focused on specific outcomes.
Remember, these are inferred views based on Wheelan's general economic philosophy, not direct quotes or positions he has explicitly taken.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
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