If we employ someone to carry out our wishes, the resulting conflict of interest is known by economists as the

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The principal-agent problem occurs when one party (the agent) is supposed to act in the best interest of another (the principal), but there is a conflict of interest because the agent's interests may not align perfectly with the principal's. This is a common issue in situations where someone is employed to carry out another's wishes, as their incentives might not fully align.

If We Employ Someone to Carry Out Our Wishes, the Resulting