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
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Breyer, Friedrich
- Weimann, Joachim
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2014
Other Objects (12)
The Morality of Markets. A Comment
Discussion and Comment
Comment: Kommentar zu: Intensity of Competition in Emerging Markets and in Advanced Economies
Voles, mice and lemmings
Of mice and men
Of mice and men
Of mice and men
Comments on the future of EU capital markets
Editorial Notes and Comments.
Editorial Notes and Comments.
Editorial Notes and Comments.
Editorial Notes And Comments.
The Morality of Markets. A Comment
Discussion and Comment
Comment: Kommentar zu: Intensity of Competition in Emerging Markets and in Advanced Economies
Voles, mice and lemmings
Of mice and men
Of mice and men
Of mice and men
Comments on the future of EU capital markets
Editorial Notes and Comments.
Editorial Notes and Comments.
Editorial Notes and Comments.
Editorial Notes And Comments.
The Morality of Markets. A Comment
Discussion and Comment
Comment: Kommentar zu: Intensity of Competition in Emerging Markets and in Advanced Economies
Voles, mice and lemmings
Of mice and men
Of mice and men
Of mice and men
Comments on the future of EU capital markets
Editorial Notes and Comments.
Editorial Notes and Comments.
Editorial Notes and Comments.