What is the incentive problem inherent in by Dr. Robert Murphy @Mises

Question 2 / 15: What is the incentive problem inherent in the slogan, "From each according to his ability, to each according to his needs"?

Answer:

The policy of this slogan severs the connection between work and reward. It is unlikely that workers would contribute as

much to the pile of total output, if the amount they got to consume (or give to their family) had nothing to do with their contribution.

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https://www.jobilize.com/socialism-the-command-economy-by-dr-robert-murphy-mises

Socialism: The Command Economy

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Dr.Robert MurphyAssociated Scholar

Mises Institute

USA

Attribution: Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY

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