How not to think about moral values
AbstractPaul 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.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Behavior & Organization.
Volume (Year): 77 (2011)
Issue (Month): 2 (February)
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Web page: http://www.elsevier.com/locate/jebo
Benevolence Justice Respect Primary utility Symbolic utility;
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