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Putting Morals into Economics

From Value Neutrality to the Moral Economy and the Economization of Morality

Bibliographic Data

ID4181003
AuthorsGeorg Kanitsar (0000-0002-1447-400X, Vienna University of Economics and Business, corresponding author)
Year2023
Volume64
Issue1
Pages31-60
Publication date2023-04-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEuropean Journal of Sociology (JOURNAL)
Journal identifiersISSN: 0003-9756 • E-ISSN: 1474-0583
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0003975623000012
OpenAlexW4362469638
LanguageEN
Citations received4
References cited102

The economic discipline plays a performative role in constructing the moral order of market society. Yet, little attention has been paid to what economists explicitly regard as moral or how they conceive of morality. This article reflects a recent attempt to put morals into economics, that is, to introduce morality as a research topic in behavioural and experimental economics. It maps three research programs that theorize the moral economy. The programs emphasize the moral foundations of market society, the moral limits of market expansion, and the moral consequences of market trading and, thus, appear irreconcilable with classifications of economists as market enthusiasts or moral agnostics. At the same time, however, the literature centres on an "economized" form of morality that is corrective to market inefficiencies, attributed to the responsibility of the individual, and expressed in rational terms. In doing so, this literature contributes to redefining moral problems in economic terms

Economics · Epistemology · Law and economics · Moral disengagement · Moral economy · Morality · Order (exchange) · Performative utterance · Political science · Politics · Positive economics · Sociology · Value (mathematics) · Value theory · Economic Theory and Institutions · Experimental Behavioral Economics Studies · Law · Philosophy · Psychology of Moral and Emotional Judgment

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Unique citing works4
Citations per year2
Citation span2024 - 2026 (3)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 2

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