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This chapter reviews the recent debate about the role of social capital in economics. We argue that all the difficulties this concept has encountered in economics are due to a vague and excessively broad definition. For this reason, we restrict social capital to the set of values and beliefs...
Persistent link: https://www.econbiz.de/10012462807
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In this essay I review Sylvia Nasar's long awaited new history of economics, Grand Pursuit. I describe how the book is really an economic history of the period from 1850-1950, with distinguished economists' stories inserted in appropriate places. Nasar's goal is to show how economists work, but...
Persistent link: https://www.econbiz.de/10012461050
economics of virtue ethics. Character traits and personality are not considered immutable in either field. They are shaped by … content to virtue ethics and suggest what virtue ethics contributes to the study of economic models …
Persistent link: https://www.econbiz.de/10014287358
-benefit analysis. We discuss two dominant approaches, the first based on market prices, and the second based on intertemporal ethics …
Persistent link: https://www.econbiz.de/10012510532
We characterize investors' moral preferences in a parsimonious experimental setting, where we auction stocks with various ethical features. We find strong evidence that investors seek to align their investments with their social values ("value alignment"), and find no evidence of behavior driven...
Persistent link: https://www.econbiz.de/10012814422
Economics and ethics both offer important perspectives on our society, but they do so from two different viewpoints … - the central focus of economics is how the price system in our economy values resources; the central focus of ethics is the …
Persistent link: https://www.econbiz.de/10012480076
Throughout the Western world, people's policy views are correlated across domains in a strikingly similar fashion. This paper proposes that what partly explains the structure of ideology is moral universalism: the extent to which people's altruism and trust remain constant as social distance...
Persistent link: https://www.econbiz.de/10012481366
Ethics in social science experimentation and data collection are often discussed but rarely articulated in writing as … review boards, most recognize that such boards are not comprehensive ethical assessments. We propose a structured ethics … explicitly in appendices of papers, even if briefly, will serve two purposes: more complete communication of ethics can improve …
Persistent link: https://www.econbiz.de/10012482611
Cultural transmission arguably plays an important role in the determination of many fundamental preference traits (e.g., discounting, risk aversion and altruism) and most cultural traits, social norms, and ideological tenets ( e.g., attitudes towards family and fertility practices, and attitudes...
Persistent link: https://www.econbiz.de/10012462145