Taking Moral Motivations into Consideration

Damien Bazin and Jerome Ballet

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Abstract: Economic theory has of late begun to include moral and social factors into the analysis of human behaviour. A key factor in this process of integration is the role of motivations. This role is discussed in the field of moral philosophy through the opposition of internalism and externalism. The first part of the present article shall deal with this issue. Economic theory, insofar as standard developments are concerned, does not take the internalist point of view seriously into account. This shall be illustrated in the second section through the discussion of models which integrate the sense of guilt. We shall then conclude on the weaknesses of these models. The internalist position shall be defended in the third part of this article. We shall highlight the effects that such a position could have on economic reasoning. Amongst these effects, special importance shall be given to demonstrate that rationality regarding economic calculation is subordinate to individual responsibility.

Keywords: Ethics; Guilt; Internalism.; Internalism (search for similar items in EconPapers)
Date: 2004-02-04
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Citations: View citations in EconPapers (1)

Published in Journal of Interdisciplinary Economics, 2004, 16, pp.271-287

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00727579

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