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Economic Man as a Moral Individual

Author

Listed:
  • Dowell, Richard S
  • Goldfarb, Robert S
  • Griffith, William B

Abstract

The authors propose a concrete method for including moral concerns in preferences. In their framework, the agent maximizes utility subject to constraints but the utility from consuming a specific commodity bundle varies in a 'lumpy' or 'discontinuous' way with the concurrent moral content of the individual's behavior. The authors' method also indicates how constraints vary with this moral content. Their approach seems more intuitively appealing than several competing frameworks and can be used to explain a number of otherwise puzzling phenomena. Copyright 1998 by Oxford University Press.

Suggested Citation

  • Dowell, Richard S & Goldfarb, Robert S & Griffith, William B, 1998. "Economic Man as a Moral Individual," Economic Inquiry, Western Economic Association International, vol. 36(4), pages 645-653, October.
    • Handle: RePEc:oup:ecinqu:v:36:y:1998:i:4:p:645-53
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    Citations

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    Cited by:

    1. Bulte Erwin & Horan Richard D., 2010. "Identities in the Commons: The Dynamics of Norms and Social Capital," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(1), pages 1-35, February.
    2. Eisenhauer, Joseph G., 2008. "Ethical preferences, risk aversion, and taxpayer behavior," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(1), pages 45-63, February.
    3. Aaron Hatcher & Daniel Gordon, 2005. "Further Investigations into the Factors Affecting Compliance with U.K. Fishing Quotas," Land Economics, University of Wisconsin Press, vol. 81(1).
    4. Minkler, Lanse, 2004. "Shirking and motivations in firms: survey evidence on worker attitudes," International Journal of Industrial Organization, Elsevier, vol. 22(6), pages 863-884, June.
    5. Joseph G. Eisenhauer, 2006. "The Shadow Price of Morality," Eastern Economic Journal, Eastern Economic Association, vol. 32(3), pages 437-456, Summer.
    6. Madhu S. Mohanty, 2019. "Role of psychological variables in the determination of the worker's wage: Further evidence from the United States," Australian Economic Papers, Wiley Blackwell, vol. 58(1), pages 54-77, March.
    7. Lanse Minkler & Thomas Miceli, 2004. "Lying, Integrity, and Cooperation," Review of Social Economy, Taylor & Francis Journals, vol. 62(1), pages 27-50.
    8. Mark White, 2006. "Multiple utilities and weakness of will: A kantian perspective," Review of Social Economy, Taylor & Francis Journals, vol. 64(1), pages 1-20.
    9. Khalil, Elias, 2004. "Integrity, Shame and Self-Rationalization," Vassar College Department of Economics Working Paper Series 55, Vassar College Department of Economics.
    10. Karl Widerquist, 2003. "Public Choice and Altruism," Eastern Economic Journal, Eastern Economic Association, vol. 29(3), pages 317-337, Summer.
    11. Bennett, Richard & Blaney, Ralph, 2002. "Social consensus, moral intensity and willingness to pay to address a farm animal welfare issue," Journal of Economic Psychology, Elsevier, vol. 23(4), pages 501-520, August.
    12. Timothy P. Roth, 2014. "Economists and the State," Books, Edward Elgar Publishing, number 15078.

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