1. Gavin Keeton

    Gavin Keeton
    Associated Professor, Rhodes University Department of Economics. Gavin Keeton is an Associate Professor in the Department of Economics and Economic History at Rhodes University. Previously he was Group Economist of Anglo American plc. He is a columnist on current economic issues for Business Day.

    Posts by this author:

    Incentives and penalties: Getting counter-intuition and paradox out of the equation

    A central feature of most economic theories is that economic actors are rational beings who react in an anticipated manner to changes in economic stimuli such as prices, wages and interest rates.