How not to think about moral values
Paul Zak highlights the importance of moral values in market exchange. But how should we think about moral values? This comment highlights two distinctions that are largely ignored in the literature: first, we need to distinguish benevolence (altruism) from justice. Second, we need to distinguish pride and other symbolic utility from wellbeing or what can be called primary utility.
Year of publication: |
2011
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Authors: | Khalil, Elias L. |
Published in: |
Journal of Economic Behavior & Organization. - Elsevier, ISSN 0167-2681. - Vol. 77.2011, 2, p. 234-238
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Publisher: |
Elsevier |
Keywords: | Benevolence Justice Respect Primary utility Symbolic utility |
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