The Irrationality of Rationality in Market Economics: A Paradox of Incentives Perspective

Current incentive structures are more favorably aligned with the world's problems than with their solutions. We conceptualize this as the paradox of incentives to argue the need for new thinking and restructuring of incentives to break the paradox during the COVID-19 pandemic and beyond, and create new opportunities for societal transformation.

Automated summary

Current incentive structures are not aligned with solving the world's problems, creating a paradox. It is necessary to rethink and restructure these incentives, especially during and post the COVID-19 pandemic, to create new opportunities for societal transformation.