Arbeitspapier

Of Morals, Markets and Mice: A Comment on Falk and Szech

A recent experimental study by Falk and Szech (Science, 2013) concludes that „markets erode moral values”. If this were true, economists, who have emphasized the efficiency enhancing effects of markets for centuries, would have to reconsider their judgments fundamentally. This would be no less than a revolution in normative economics. In this note we demonstrate that the claim made by Falk and Szech is unfounded and that their experimental results can be (and should be) interpreted in exactly the opposite way.

Language
Englisch

Bibliographic citation
Series: CESifo Working Paper ; No. 4745

Classification
Wirtschaft
Microeconomic Behavior: Underlying Principles
Equity, Justice, Inequality, and Other Normative Criteria and Measurement

Event
Geistige Schöpfung
(who)
Breyer, Friedrich
Weimann, Joachim
Event
Veröffentlichung
(who)
Center for Economic Studies and ifo Institute (CESifo)
(where)
Munich
(when)
2014

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Breyer, Friedrich
  • Weimann, Joachim
  • Center for Economic Studies and ifo Institute (CESifo)

Time of origin

  • 2014

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