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July 30, 2024The Journal of Law Economics and Organization

Markets and morality: how markets shape our (dis)regard for others

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Authors

DCDaniel L. ChenEREric Reinhart

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Overview

Randomized trial demonstrates divergent effects of market conditions on moral values across global workers, suggesting economic expansion can erode interpersonal moral regard.

Key Points

  • Tournament-based compensation increased deontological commitments in low-income nations, whereas this moral pattern reversed entirely within higher-income nations.
  • Random assignment across nations of varying income levels tested exposure to market interactions, measuring charitable donations and out-group moral attitudes.
  • Highlights how utilitarian attitudes and economic rationality may sustain growth while weakening deontological commitments and interpersonal regard across societies.

Cite This Study

Chen et al. (2024) studied this question.

synapsesocial.com/papers/68e5e7feb6db64358757c77fhttps://doi.org/10.1093/jleo/ewae016
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  5. 5Moralized global markets and contested fields: perceptions of supply chain controversies in Germany2025