Control destroys motivation

Munich. "Basic economic research is still done on the basis of the homo oeconomicus theory, that is, on the assumption that a person acts exclusively for his own personal gain and that motivation must therefore come from an outside source." Armin Falk summarizes. This is, he criticizes, much too simple an approach. People do many things on their own initiative without external incentives such as money or other reward. There are many other motivating factors.