The devil is in the details: Implications of Samuel bowles’s the moral economy for economics and policy research
Publication
, Journal Article
Kranton, R
Published in: Journal of Economic Literature
March 1, 2019
All economists should buy and read The Moral Economy by Samuel Bowles. The book challenges basic premises of economic theory and questions policies based on monetary incentives. Incentives not only crowd out intrinsic motivations, they Erode the ethical and moral codes necessary for the workings of markets. Bowles boldly suggests that successful policies must combine incentives and moral messages, exploiting complementarities between the two. This essay argues that to achieve this objective, economists must study the local institutions and social context and engage untraditional data to uncover the interplay of incentives and identity.
Duke Scholars
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Published In
Journal of Economic Literature
DOI
ISSN
0022-0515
Publication Date
March 1, 2019
Volume
57
Issue
1
Start / End Page
147 / 160
Related Subject Headings
- Economics
- 3803 Economic theory
- 3802 Econometrics
- 3801 Applied economics
- 14 Economics
Citation
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Chicago
ICMJE
MLA
NLM
Kranton, R. (2019). The devil is in the details: Implications of Samuel bowles’s the moral economy for economics and policy research. Journal of Economic Literature, 57(1), 147–160. https://doi.org/10.1257/jel.20171463
Kranton, R. “The devil is in the details: Implications of Samuel bowles’s the moral economy for economics and policy research.” Journal of Economic Literature 57, no. 1 (March 1, 2019): 147–60. https://doi.org/10.1257/jel.20171463.
Kranton R. The devil is in the details: Implications of Samuel bowles’s the moral economy for economics and policy research. Journal of Economic Literature. 2019 Mar 1;57(1):147–60.
Kranton, R. “The devil is in the details: Implications of Samuel bowles’s the moral economy for economics and policy research.” Journal of Economic Literature, vol. 57, no. 1, Mar. 2019, pp. 147–60. Scopus, doi:10.1257/jel.20171463.
Kranton R. The devil is in the details: Implications of Samuel bowles’s the moral economy for economics and policy research. Journal of Economic Literature. 2019 Mar 1;57(1):147–160.
Published In
Journal of Economic Literature
DOI
ISSN
0022-0515
Publication Date
March 1, 2019
Volume
57
Issue
1
Start / End Page
147 / 160
Related Subject Headings
- Economics
- 3803 Economic theory
- 3802 Econometrics
- 3801 Applied economics
- 14 Economics