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 Originally Posted by CoccoBill
Re: government incentives: What about agency/unit/personal level goals and targets, performance metrics, reward systems, penalties, reputation and bad press etc? Those are things in most governments today. Not even going into personal motivations like altruism, which should exist on a very similar scale in both public and private sectors, one could argue more so in the public.
Profit is far from being the only incentive.
Profits measure the incentives* that can be measured (at this point) by the common unit of account of money. There are more incentives than that though, so you are correct about that.
This is an interesting thought experiment you've brought up. I may spend some time on it at a later date when I have more energy.
*More or less. There may be some exceptions. This isn't something I've covered enough to say for sure.
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