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The plural roots of rewards: awards and incentives in Aquinas and Genovesi

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  • Luigino Bruni
  • Paolo Santori

Abstract

In this economic debate, incentives (material, extrinsic) and awards (symbolic, intrinsic) are conceived as two opposite tools to prompt human actions. In this article, we provide a historical argument to problematise this opposition. We investigate the idea of prizes (“premi”) in the works of civil economist Antonio Genovesi, and its seeds in Thomas Aquinas’ thought. They both discuss if material rewards can crowd-in intrinsic motivations. Aquinas considered the crowding-out risks related to honour (award). Genovesi stressed the role of private prizes (incentives) and market in fostering the development of society, and claims that crowding-in is more common than crowding-out.

Suggested Citation

  • Luigino Bruni & Paolo Santori, 2018. "The plural roots of rewards: awards and incentives in Aquinas and Genovesi," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 25(4), pages 637-657, July.
    • Handle: RePEc:taf:eujhet:v:25:y:2018:i:4:p:637-657
    DOI: 10.1080/09672567.2018.1481989
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    Cited by:

    1. Paolo Santori, 2019. "The foundation of the right of property: Rosmini as Genovesi’s interpreter," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 66(4), pages 353-367, December.
    2. Luigino Bruni & Vittorio Pelligra & Tommaso Reggiani & Matteo Rizzolli, 2020. "The Pied Piper: Prizes, Incentives, and Motivation Crowding-in," Journal of Business Ethics, Springer, vol. 166(3), pages 643-658, October.
    3. Federica Nalli, 2023. "What Mutual Assistance Is, and What It Could Be in the Contemporary World," Journal of Business Ethics, Springer, vol. 182(4), pages 1041-1053, February.
    4. Paolo Santori, 2023. "Careocracy or isocracy? A feminist alternative to the neoliberal meritocratic discourse," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-9, December.

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