[ck425]

'Nothing is a more powerful inducement than financial incentives'

Actually there's a lot of research that contradicts this. Essentially as long as people have enough money that they don't worry about money ie a comfortable middle class lifestyle for country/area, and they don't think they earn significantly less that their peers, money is very inefficient and occasionally negative incentive for tasks that require a decent level cognitive ability.

[thenomad]

IIRC Peopleware showed that financial bonuses were tremendously effective - at reducing peoples' investment in their work.