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Efficient, but immoral?: Assessing market attitudes as multidimensional

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  • Goff, Sandra H.
  • Noblet, Caroline L.

Abstract

Much of the research on market attitudes to date has employed a one-dimensional scale through which individuals are described as being either pro-market or anti-market. We speculate that the use of a one-dimensional scale obscures important underlying variation in individuals’ attitudes toward market systems. Factor analysis of responses from nearly 2000 participants across three studies is used to create and validate a multidimensional scale consisting of five distinct components of market attitudes. We assert that understanding within-subject variation in attitudes towards markets better informs analyses that relate market attitudes with economic behavior.

Suggested Citation

  • Goff, Sandra H. & Noblet, Caroline L., 2018. "Efficient, but immoral?: Assessing market attitudes as multidimensional," Economics Letters, Elsevier, vol. 170(C), pages 96-99.
    • Handle: RePEc:eee:ecolet:v:170:y:2018:i:c:p:96-99
    DOI: 10.1016/j.econlet.2018.05.020
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    References listed on IDEAS

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    1. Charles H. Breeden & Noreen E. Lephardt, 2002. "Student Attitudes Towards the Market System: Predicting Student Achievement," Journal of Economic Insight, Missouri Valley Economic Association, vol. 28(2), pages 67-81.
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    6. Massimiliano Mazzanti & Paolo Pini, 2013. "Questioni aperte nel Nuovo Piano del Lavoro della CGIL," Working Papers 2013052, University of Ferrara, Department of Economics.
    7. Goff, Sandra H. & Waring, Timothy M. & Noblet, Caroline L., 2017. "Does Pricing Nature Reduce Monetary Support for Conservation?: Evidence From Donation Behavior in an Online Experiment," Ecological Economics, Elsevier, vol. 141(C), pages 119-126.
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    Cited by:

    1. Sandra H. Goff & John Ifcher & Homa Zarghamee & Alex Reents & Patrick Wade, 2023. "Support for bigger government: The principle‐implementation gap and COVID‐19," Contemporary Economic Policy, Western Economic Association International, vol. 41(2), pages 243-261, April.
    2. Pál Czeglédi, 2024. "The post-materialist economic freedom puzzle," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 71(1), pages 99-121, March.

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    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods

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