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Political Economists are Neither Selfish nor Indoctrinated

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  • Bruno S. Frey
  • Stephan Meier

Abstract

Most professional economists believe that economist in general are more selfish than other persons and that this greater selfishness is due to economic education. In this paper we offer empirical evidence against this widely held belief. Using a unique data set about giving behaviour to two social funds at the University of Zurich, it is shown that economic training does not make people act more selfish. However, the 'natural experiment' supports the hypothesis that the different behaviour of economist can be explained by a selection effect.

Suggested Citation

  • Bruno S. Frey & Stephan Meier, "undated". "Political Economists are Neither Selfish nor Indoctrinated," IEW - Working Papers 069, Institute for Empirical Research in Economics - University of Zurich.
    • Handle: RePEc:zur:iewwpx:069
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    File URL: https://www.zora.uzh.ch/id/eprint/51970/1/iewwp069.pdf
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    References listed on IDEAS

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    Cited by:

    1. Aleksander Berentsen & Guillaume Rocheteau, 2003. "Money and the Gains from Trade," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 44(1), pages 263-297, February.
    2. Aleksander Berentsen & Guillaume Rocheteau, 2004. "Money and Information," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 71(4), pages 915-944.
    3. Berentsen, Aleksander & Rocheteau, Guillaume, 2002. "On the efficiency of monetary exchange: how divisibility of money matters," Journal of Monetary Economics, Elsevier, vol. 49(8), pages 1621-1649, November.
    4. Bruno S. Frey & Stephan Meier, "undated". "Two Concerns about Rational Choice: Indoctrination and Imperialism," IEW - Working Papers 104, Institute for Empirical Research in Economics - University of Zurich.
    5. Reto Foellmi & Urs Meister, 2005. "Product-Market Competition in the Water Industry: Voluntary Non-discriminatory Pricing," Journal of Industry, Competition and Trade, Springer, vol. 5(2), pages 115-135, June.
    6. Dufwenberg, Martin & Muren, Astri, 2002. "Discrimination by Gender and Social Distance," Research Papers in Economics 2002:2, Stockholm University, Department of Economics.

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    More about this item

    Keywords

    Economists; Public Good; Giving Behaviour;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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