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Values, Multiculturalism and Representations

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  • Jones, Martin K.

Abstract

The theory of values is underdeveloped within economics with very few theoretical models explaining how values are created and propagated through a population. Those models that do exist are limited in how well they explain the role of values and how they behave. This paper argues that the theory of values needs to be fundamentally rethought, incorporating basic ideas from psychology, anthropology and philosophy that have largely been ignored in the literature. The resulting model is applied to answer some fundamental issues surrounding the notion of multiculturalism.

Suggested Citation

  • Jones, Martin K., 2015. "Values, Multiculturalism and Representations," SIRE Discussion Papers 2015-31, Scottish Institute for Research in Economics (SIRE).
    • Handle: RePEc:edn:sirdps:619
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    File URL: http://hdl.handle.net/10943/619
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    References listed on IDEAS

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    1. Amartya Sen, 1997. "Maximization and the Act of Choice," Econometrica, Econometric Society, vol. 65(4), pages 745-780, July.
    2. Henrich, Joseph & Boyd, Robert & Bowles, Samuel & Camerer, Colin & Fehr, Ernst & Gintis, Herbert (ed.), 2004. "Foundations of Human Sociality: Economic Experiments and Ethnographic Evidence from Fifteen Small-Scale Societies," OUP Catalogue, Oxford University Press, number 9780199262052.
    3. Sen, Amartya K, 1980. "Description as Choice," Oxford Economic Papers, Oxford University Press, vol. 32(3), pages 353-369, November.
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