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Institutions and morals: A reply

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  • Falk, Armin
  • Szech, Nora

Abstract

Breyer and Weimann (2015) suggest interpreting the results of our study on Morals and Markets (2013a,b) in “the opposite way”. In the following, we briefly discuss why this claim is unwarranted. We hope that these clarifications will help inspiring future work on causal effects of markets and other institutions on moral values.

Suggested Citation

  • Falk, Armin & Szech, Nora, 2015. "Institutions and morals: A reply," European Journal of Political Economy, Elsevier, vol. 40(PB), pages 391-394.
    • Handle: RePEc:eee:poleco:v:40:y:2015:i:pb:p:391-394
    DOI: 10.1016/j.ejpoleco.2015.07.003
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    References listed on IDEAS

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    1. Falk, Armin & Szech, Nora, 2013. "Organizations, diffused pivotality and immoral outcomes," Discussion Papers, Research Unit: Economics of Change SP II 2013-303, WZB Berlin Social Science Center.
    2. Armin Falk & James J. Heckman, 2009. "Lab Experiments are a Major Source of Knowledge in the Social Sciences," Working Papers 200935, Geary Institute, University College Dublin.
    3. Hirschman, Albert O, 1982. "Rival Interpretations of Market Society: Civilizing, Destructive, or Feeble?," Journal of Economic Literature, American Economic Association, vol. 20(4), pages 1463-1484, December.
    4. Rothenhäusler, Dominik & Schweizer, Nikolaus & Szech, Nora, 2013. "Institutions, shared guilt, and moral transgression," Working Paper Series in Economics 47, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
    5. Lane,Robert E., 1991. "The Market Experience," Cambridge Books, Cambridge University Press, number 9780521407373, October.
    6. Roger B. Myerson, 1981. "Optimal Auction Design," Mathematics of Operations Research, INFORMS, vol. 6(1), pages 58-73, February.
    7. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
    8. Jordi Brandts & Gary Charness, 2011. "The strategy versus the direct-response method: a first survey of experimental comparisons," Experimental Economics, Springer;Economic Science Association, vol. 14(3), pages 375-398, September.
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    Cited by:

    1. Choi, Ginny Seung & Storr, Virgil Henry, 2023. "The morality of markets in theory and empirics," Journal of Economic Behavior & Organization, Elsevier, vol. 216(C), pages 590-607.
    2. Ponthiere, Gregory & Stevens, Nicolas, 2024. "The Morality of Markets. A Comment," GLO Discussion Paper Series 1433, Global Labor Organization (GLO).

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    More about this item

    Keywords

    Institutions and morals; Markets and morals; Causality; Experiments;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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