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The values of economics
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Racko, Girts (2019) The values of economics. Journal of Business Ethics, 154 (1). pp. 35-48. doi:10.1007/s10551-017-3442-5 ISSN 0167-4544.
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Official URL: http://dx.doi.org/10.1007/s10551-017-3442-5
Abstract
This study addresses a fundamental concern of research on economic ethics by examining the values of economics. While other studies have linked the study of economics to the adoption of rational economic behavior, this study goes one level deeper, investigating the values that underpin neoclassical economics and whether they are transmitted to students. We find that the study of economics is associated with an increase in hedonism and power values, a decrease self-direction value, and possibly a decrease in universalism value. We measure value change among economics students using a quasi-experimental research design in accordance with the methodology of research on academic socialization. We discuss the practical implications of the internalization of economic values.
Item Type: | Journal Article | ||||||||
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Subjects: | H Social Sciences > H Social Sciences (General) | ||||||||
Divisions: | Faculty of Social Sciences > Warwick Business School | ||||||||
Library of Congress Subject Headings (LCSH): | Economics students -- Attitudes, Economics -- Sociological aspects, Economics -- Moral and ethical aspects, Economics -- Study and teaching | ||||||||
Journal or Publication Title: | Journal of Business Ethics | ||||||||
Publisher: | Springer Netherlands | ||||||||
ISSN: | 0167-4544 | ||||||||
Official Date: | January 2019 | ||||||||
Dates: |
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Volume: | 154 | ||||||||
Number: | 1 | ||||||||
Page Range: | pp. 35-48 | ||||||||
DOI: | 10.1007/s10551-017-3442-5 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 11 January 2017 | ||||||||
Date of first compliant Open Access: | 31 January 2017 |
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