Economics Impact On Moral Values

Economic In‡ uences on Moral Values
Robert Östlingy Department of political economy Stockholm train of economic science SSE/EFI Working physical composition Series in Economics and Finance No 635 September, 2006

pluck This paper extends standard consumer theory to account for endogenous deterrent example motivation. Building on cognitive dissonance theory, I turn in how clean values are a¤ected by changes in prices and income. The key insight is that changes in prices and income that lead to higher expenditure of an immoral good also a¤ect the moral values held by the consumer so that the good ordain be considered as less immoral. jel classification: D11. keywords: Consumer theory, moral values, endogenous preferences, cognitive dissonance, self-serving bias.

I would like to thank Colin Camerer, Tore Ellingsen, Ernst Fehr, Erik Lindqvist, Erik Mohlin and participants at the CEU Behavioral Economics Workshop 2004 and the NNE Summer School in Behavioral Economics 2004 as well as several fellow students at the Stockholm School of Economics for valuable comments. Financial support from the Jan Wallander and Tom Hedelius Foundation is appreciatively acknowledged. y Department of Economics, Stockholm School of Economics, P.O. Box 6501, SE 113 83 Stockholm, Sweden. Phone: +46-8-7369652. Fax: +46-8-313207. E-mail: robert.ostling@hhs.se.





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Introduction
It is easier for the rich to be moral than it is for the poor. Wealth protects the wealthy, but encourages the poor to take action. A rich globe, for example, would never think of stealing bread. Only mortal who is hungry but has no money steals bread. When the rich man is hungry, he has more than enough bread and everything else besides to placate his hunger. Likewise, a rich man with a car will never travel without a ticket on the subway. aside from the fact that he could easily buy a ticket, he has a fancy car waiting in antecedent of his fancy house. [...] It is absurd for the rich to complain that certain rules try for to the poor that are not at all necessary...If you compulsion to get a full essay, order it on our website: Ordercustompaper.com



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