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Are Political Economists Selfish and Indoctrinated? Evidence from a Natural Experiment

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Author Info
Bruno S. Frey
Stephan Meier

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Abstract

Most professional economists believe that economists in general are more selfish than other people and that this increased selfishness is due to economics education. This article offers empirical evidence against this widely held belief. Using a unique data set about giving behavior in connection with two social funds at the University of Zurich, it is shown that economics education does not make people act more selfishly. Rather, this natural experiment suggests that the particular behavior of economists can be explained by a selection effect. (JEL A13, A20, H41) Copyright 2003, Oxford University Press.

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File URL: http://hdl.handle.net/10.1093/ei/cbg020
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Publisher Info
Article provided by Oxford University Press in its journal Economic Inquiry.

Volume (Year): 41 (2003)
Issue (Month): 3 (July)
Pages: 448-462
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Handle: RePEc:oup:ecinqu:v:41:y:2003:i:3:p:448-462

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Find related papers by JEL classification:
A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Guth, Werner & Schmittberger, Rolf & Schwarze, Bernd, 1982. "An experimental analysis of ultimatum bargaining," Journal of Economic Behavior & Organization, Elsevier, vol. 3(4), pages 367-388, December. [Downloadable!] (restricted)
  2. Marwell, Gerald & Ames, Ruth E., 1981. "Economists free ride, does anyone else? : Experiments on the provision of public goods, IV," Journal of Public Economics, Elsevier, vol. 15(3), pages 295-310, June. [Downloadable!] (restricted)
  3. Kahneman, Daniel & Knetsch, Jack L & Thaler, Richard H, 1986. "Fairness and the Assumptions of Economics," Journal of Business, University of Chicago Press, vol. 59(4), pages S285-300, October. [Downloadable!] (restricted)
  4. Carter, John R & Irons, Michael D, 1991. "Are Economists Different, and If So, Why?," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 171-77, Spring. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Astri Drange Hole, 2008. "How do economists differ from others in distributive situations?," Labsi Experimental Economics Laboratory University of Siena 023, University of Siena. [Downloadable!]
  2. Lisa Anderson & Jennifer Mellor & Jeffrey Milyo, 2004. "Do Liberals Play Nice? The Effects of Party and Political Ideology in Public Goods and Trust Games," Working Papers 0411, Harris School of Public Policy Studies, University of Chicago. [Downloadable!]
    Other versions:
  3. Jeffrey Milyo & Jennifer M. Mellor & Lisa Anderson, 2005. "Did the Devil Make Them Do It? The Effects of Religion and Religiosity in Public Goods and Trust Games," Working Papers 0512, Department of Economics, University of Missouri. [Downloadable!]
    Other versions:
  4. Stephan Meier & Bruno Frey, 2004. "Do business students make good citizens?," International Journal of the Economics of Business, Taylor and Francis Journals, vol. 11(2), pages 141-163, July. [Downloadable!] (restricted)
    Other versions:
  5. Simon Gaechter & Daniele Nosenzo & Elke Renner & Martin Sefton, 2009. "Who Makes a Good Leader? Social Preferences and Leading-by-Example," Levine's Working Paper Archive 814577000000000099, UCLA Department of Economics. [Downloadable!]
    Other versions:
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