Employees signal to us that they're not free and ascrat serve like herehere. So you have an employee is inefficient, but it's a good risk management tool. The romans figured it up because they never let a free person be a steward. And v in a big state, they want a slave. Because you can punish aslave your own a slave can punish a slave.
Nassim Nicholas Taleb talks with EconTalk host Russ Roberts about the manuscript version of his forthcoming book, Skin in the Game. Topics discussed include the role of skin in the game in labor markets, the power of minorities, the Lindy effect, Taleb's blind spots and regrets, and the politics of globalization.