Machine generated contents note: 1. A prior ethical commitment 1 -- 2. Ends vs. means: consequentialism vs. contractarianism 14 -- 3. The consequentialist approach to government 28 -- 4. Enter the economists 33 -- 5. The efficiency standard, corruption and the growth of -- government 40 -- 6....

The widespread use of markets leads to unprecedented material well-being in many societies. We study whether market interaction, as a side effect, erodes moral values. In an influential paper, Falk and Szech (2013) provide experimental data that seem to suggest that "market interaction erodes...