Moral Sentiments and Material Interests: The Foundations of Cooperation in Economic Life

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Overview

Moral Sentiments and Material Interests presents an innovative synthesis of research in different disciplines to argue that cooperation stems not from the stereotypical selfish agent acting out of disguised self-interest but from the presence of "strong reciprocators" in a social group.Presenting an overview of research in economics, anthropology, evolutionary and human biology,social psychology, and sociology, the book deals with both the theoretical foundations and the policy implications of this explanation for cooperation. Chapter authors in the remaining parts of the book discuss the behavioral ecology of cooperation in humans and nonhuman primates, modeling and testing strong reciprocity in economic scenarios, and reciprocity and social policy. The evidence for strong reciprocity in the book includes experiments using the famous Ultimatum Game (in which two players must agree on how to split a certain amount of money or they both get nothing.)

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What People Are Saying

From the Publisher
"Amos Tversky's research on preferences and beliefs has had a shattering and yet highly constructive influence on the development of economics. The vague complaints of psychologists and dissident economists about the excessive rationality assumptions of standard economics, going back over a century, had little impact. It required the careful accumulation of evidence, the clear sense that Tversky did not misunderstand what economists were assuming, and above all his formulation of useful alternative hypotheses to change dissatisfaction into a revolutionary change in perspective."—Kenneth J. Arrow, Professor of Economics Emeritus, Stanford University, NobelLaureate in Economic Sciences (1972)

"This work synthesizes the elements of the burgeoning, transdiciplinary field of study on the evidence of cooperation in human behavior, economic and otherwise. The hypothesis of strong reciprocity — of willingness to both punish departures from norms, even at a cost, and to contribute, even in the absence of direct gain — is tested in the field and in experimental studies. The papers in this book, and the studies on which they are based, represent an important new direction for social research, one with important policy consequences."—Kenneth J. Arrow,Professor of Economics Emeritus, Stanford University, Nobel Laureate in Economic Sciences (1972)

"Where once human economy was viewed abstractly, as a mere reflection of market forces, there is increasing interest in how it derives from natural human tendencies. We do not come into this world as rational profit-maximizers, but as bonded, group-living primates. This volume sets the stage for new economic thinking that takes this thoroughly social heritage into account.

With its attention to moral implications, it is the perfect book for the post-Enron era."—Frans deWaal, author of *Our Inner Ape*

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Product Details

  • ISBN-13: 9780262572378
  • Publisher: MIT Press
  • Publication date: 9/1/2006
  • Series: Economic Learning and Social Evolution
  • Edition description: New Edition
  • Pages: 416
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.95 (d)

Meet the Author

Herbert Gintis is Emeritus Professor of Economics at the University of Massachusetts andExternal Faculty at the Santa Fe Insitute.

Samuel Bowles is Research Professor and Director of the Behavioral Sciences Program at theSanta Fe Institute and Professor of Economics at the University of Siena.

Ernst Fehr is Director of the Insitute for Empirical Research in Economics at the University of Zurich.

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Table of Contents

1 Moral sentiments and material interests : origins, evidence, and consequences 3
2 The evolution of cooperation in primate groups 43
3 The natural history of human food sharing and cooperation : a review and a new multi-individual approach to the negotiation of norms 75
4 Costly signaling and cooperative behavior 115
5 The economics of strong reciprocity 151
6 Modeling strong reciprocity 193
7 The evolution of altruistic punishment 215
8 Norm compliance and strong reciprocity 229
9 Policies that crowd out reciprocity and collective action 253
10 Reciprocity and the welfare state 277
11 Fairness, reciprocity, and wage rigidity 303
12 The logic of reciprocity : trust, collective action, and law 339
13 Social capital, moral sentiments, and community governance 379
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