Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/191902 
Authors: 
Year of Publication: 
2019
Series/Report no.: 
Economics Discussion Papers No. 2019-9
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
Unrealistic assumptions underlying neo-classical economic theory have been challenged by both behavioral economics and studies of moral economy. But both challengers share certain features with neo-classical theory. Complementing them, recent work in the anthropology of ethics shows that economic behavior is not reducible to either individual psychology or collective norms. This approach is illustrated with studies of transactions taking place at the borders between market rationality and relationships among persons - organ donation and sex work. The paper argues that the inherent value accorded to social relations tends to resist instrumentalization and that the biases that dealing with other people introduce into reasoning are not flaws but part of the core functions of rationality.
Subjects: 
ethics
moral economy
behavioral economics
organ donation
sex work
gifts
social interaction
rationality
JEL: 
A10
D01
D63
D91
E71
Z13
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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