Moral preferences, very broadly speaking, permeate a growing variety of economic decision contexts. This paper develops a general theory of the utility maximizing agent who simultaneously assesses the moral and wealth outcomes of a given choice. The core of the preference criteria is a duality...

This paper compares Adam Smith and Confucius’s view on morality through a comparative analysis of The Theory of Moral Sentiments and The Analects of Confucius. Smith and Confucius both base their theory of morality upon their theory of sympathy. Whereas Smith introduces the role of an...