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On the normative consequences of economic rationality : a case study of a Swedish economics school in Latvia

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Racko, Girts. (2011) On the normative consequences of economic rationality : a case study of a Swedish economics school in Latvia. European Sociological Review, Vol.27 (No.6). pp. 772-789. ISSN 0266-7215

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Official URL: http://dx.doi.org/10.1093/esr/jcq040

Abstract

The present study explores the normative consequences of economics education at the Stockholm School of Economics in Riga (SSER), a Swedish government sponsored highly selective economics school in Latvia. Following Tonnies’ ([1887] 1996) theory of action derived from logical relations between means and ends, the present study explores value change among economics students using the state-of-the-art empirical approach to value measurement (Schwartz, 1992) in a methodologically rigorous longitudinal research design. The study is based on a self-administered 2-year in-class longitudinal survey of economics undergraduates at the Swedish School and a comparison group of their academic counterparts from the two leading Latvian universities. Controlling for the influences of the demographic composition of student population, the study reveals a systematic and distinctive pattern of value change among economics students at the Swedish School. During the 2 years of economics education at the School, students experience an increase in the importance attributed to status-oriented values that conceptually tap motivational content of instrumental rationality. The findings of the study also suggest that the identified pattern of value change cannot be conceived as a consequence of student self-selection into the economics programme.

Item Type: Journal Article
Divisions: Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management
Faculty of Social Sciences > Warwick Business School
Journal or Publication Title: European Sociological Review
Publisher: Oxford University Press
ISSN: 0266-7215
Date: 2011
Volume: Vol.27
Number: No.6
Page Range: pp. 772-789
Identification Number: 10.1093/esr/jcq040
Status: Peer Reviewed
Publication Status: Published
Access rights to Published version: Restricted or Subscription Access
URI: http://wrap.warwick.ac.uk/id/eprint/50826

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