How not to think about moral values

Elias L. Khalil

Research output: Contribution to journalComment / DebateResearchpeer-review


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.

Original languageEnglish
Pages (from-to)234-238
Number of pages5
JournalJournal of Economic Behavior and Organization
Issue number2
Publication statusPublished - Feb 2011


  • Benevolence
  • Justice
  • Primary utility
  • Respect
  • Symbolic utility

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