Abstract
Paul 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.
Language | English |
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Pages | 234-238 |
Number of pages | 5 |
Journal | Journal of Economic Behavior and Organization |
Volume | 77 |
Issue number | 2 |
DOIs |
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Publication status | Published - Feb 2011 |
Keywords
- Benevolence
- Justice
- Primary utility
- Respect
- Symbolic utility
Cite this
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How not to think about moral values. / Khalil, Elias L.
In: Journal of Economic Behavior and Organization, Vol. 77, No. 2, 02.2011, p. 234-238.Research output: Contribution to journal › Comment / Debate › Research › peer-review
TY - JOUR
T1 - How not to think about moral values
AU - Khalil, Elias L.
PY - 2011/2
Y1 - 2011/2
N2 - Paul 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.
AB - Paul 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.
KW - Benevolence
KW - Justice
KW - Primary utility
KW - Respect
KW - Symbolic utility
UR - http://www.scopus.com/inward/record.url?scp=79551534417&partnerID=8YFLogxK
U2 - 10.1016/j.jebo.2010.08.006
DO - 10.1016/j.jebo.2010.08.006
M3 - Comment / Debate
VL - 77
SP - 234
EP - 238
JO - Journal of Economic Behavior and Organization
T2 - Journal of Economic Behavior and Organization
JF - Journal of Economic Behavior and Organization
SN - 0167-2681
IS - 2
ER -