Economics, values and organization : [revised versions of papers presented at the conference "Economics, Values, and Organization," held at Yale University on April 19-21, 1996]

Frontmatter......Page 1
Contents......Page 5
Foreword......Page 7
Preface......Page 15
List of contributors......Page 27
Introduction......Page 35
1 - Values and institutions in economic analysis......Page 37
Part I - The formation and evolution of social norms and values......Page 105
2 - Normative expectations: the simultaneous evolution of institutions and norms......Page 107
3 - A utilitarian theory of political legitimacy......Page 135
4 - Why do we care what others think about us?......Page 167
5 - Starting with nothing: on the impossibility of grounding norms solely in self-interest......Page 185
Part II - The generation and transmission of values in families and communities......Page 203
6 - Did Father know best? Families, markets, and the supply of caring labor......Page 205
7 - How communities govern: the structural basis of prosocial norms......Page 240
8 - Moral overload and its alleviation......Page 265
9 - Moral diversity and specialized values: some observations......Page 301
Part III - Social norms and culture......Page 307
10 - Social norms as positional arms control agreements......Page 309
11 - Bribes and gifts......Page 330
12 - How do we know whether a monetary transaction is a gift, an entitlement, or compensation?......Page 363
Part IV - The organization of work, trust, and incentives......Page 369
13 - How effective are trust- and reciprocity-based incentives?......Page 371
14 - Worker trust, system vulnerability, and the performance of work groups......Page 398
15 - Trust: beliefs and morality......Page 442
16 - Institutional commitment: values or incentives?......Page 453
Part V - Markets, values, and welfare......Page 469
17 - Institutions and morale: the crowding-out effect......Page 471
18 - The joyless market economy......Page 495
Epilogue......Page 523
19 - Where have we been and where are we going?......Page 525
Index......Page 543