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Social value orientation and capitalism in societies

Author

Listed:
  • Shibly Shahrier

    (School of Economics and Management, Kochi University of Technology)

  • Koji Kotani

    (School of Economics and Management, Kochi University of Technology)

  • Makoto Kakinaka

    (International University of Japan)

Abstract

Cooperation and competition are the core issues in economics and biology since they are claimed to affect evolution for human societies and ecological organization. Therefore, there has been a long-standing debate of whether nature or nurture curves people's social preference. We hypothesize that the degree of capitalism in societies influences evolution of people’s value orientation, i.e., the degree of competitiveness in societies characterizes people's social preference. To test this hypothesis, we implemented field experiments of social value orientation and questionnaire surveys with 1000 respondents in the three different fields of Bangladesh: (i) rural, (ii) transitional and (iii) capitalistic societies. The analysis reveals that as society becomes capitalistic, people are likely to be less prosocial. A considerable proportion of "unidentified" people, neither proself nor prosocial, are found in transitional societies, implying a potential existence of unstable states in people's social preference during a transformation from the rural to the capitalistic. We have also found that having an additional child makes people individualistic, females' social preferences are more deterministic than males'ones, and people become more competitive with age and education. These results imply that some important problems such as climate change or sustainability, where "cooperation" rather than "competition" is necessary, shall be more endangered as societies become capitalistic.

Suggested Citation

  • Shibly Shahrier & Koji Kotani & Makoto Kakinaka, 2016. "Social value orientation and capitalism in societies," Working Papers SDES-2016-1, Kochi University of Technology, School of Economics and Management, revised Feb 2016.
  • Handle: RePEc:kch:wpaper:sdes-2016-1
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    References listed on IDEAS

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    Keywords

    Social value orientation; capitalism; field experiments;
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