Efficient, but immoral?: Assessing market attitudes as multidimensional

Sandra Goff and Caroline Noblet

Economics Letters, 2018, vol. 170, issue C, 96-99

Abstract: Much of the research on market attitudes to date has employed a one-dimensional scale through which individuals are described as being either pro-market or anti-market. We speculate that the use of a one-dimensional scale obscures important underlying variation in individuals’ attitudes toward market systems. Factor analysis of responses from nearly 2000 participants across three studies is used to create and validate a multidimensional scale consisting of five distinct components of market attitudes. We assert that understanding within-subject variation in attitudes towards markets better informs analyses that relate market attitudes with economic behavior.

Keywords: Free markets; Market attitudes; Fairness; Factor analysis; Moral foundations theory (search for similar items in EconPapers)
JEL-codes: A13 C83 P10 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:170:y:2018:i:c:p:96-99

DOI: 10.1016/j.econlet.2018.05.020

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