The first ten years of this century [have been] a period of truly staggering underachievement in business, technology, and social progress.
Rewards, by their very nature, narrow our focus.
By offering a reward, a principal signals to the agent that the task is undesirable.
Mediocrity is expensive.
Consider the very notion of "empowerment". It presumes that the organization has the power and benevolently ladles some of it into the waiting bowls of grateful employees.
Management isn't the solution, it's the problem.
Effort is one of the things that gives meaning to life. Effort means you care about something, that something is important to you and you are willing to work for it (quoting Carol Dweck).
Being a professional is doing the things you love to do, on the days you don't feel like doing them (quoting Julius Erving).
In the end, mastery attracts precisely because mastery eludes.
How people spend their money may be at least as important as how much they earn [for well-being].