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Ken Binmore - Nature cannot achieve the first-best...
Nature cannot achieve the first-best outcomes to which those like Kant aspire because the latter are not incentive-compatible. That is to say, they are achievable only if the human beings who live in the society act in a manner that is incompatible with their nature. (Ken Binmore)

Nature cannot achieve the first-best outcomes to which those like Kant aspire because the latter are not incentive-compatible. That is to say, they are achievable only if the human beings who live in the society act in a manner that is incompatible with their nature.

Ken Binmore

Related topics

act aspire human incompatible latter live manner nature say society kant

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