Article ID Journal Published Year Pages File Type
884046 Journal of Economic Behavior & Organization 2011 5 Pages PDF
Abstract

Paul Zak highlights the importance of moral values in market exchange. But how should we think about moral values? This comment highlights two distinctions that are largely ignored in the literature: first, we need to distinguish benevolence (altruism) from justice. Second, we need to distinguish pride and other symbolic utility from wellbeing or what can be called primary utility.

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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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