Moral Rules and the Moral Sentiments: Toward a Theory of an Optimal Moral System / Louis Kaplow, Steven Shavell.

Format:

Book

Author/Creator:

Kaplow, Louis.

Contributor:

National Bureau of Economic Research.

Shavell, Steven.

Series:

Working Paper Series (National Bureau of Economic Research) no. w8688.

NBER working paper series no. w8688

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Moral Rules and the Moral Sentiments

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2001.

Summary:

We examine how moral sanctions and rewards, notably the moral sentiments involving feelings of guilt and virtue, would be employed to govern individuals' behavior if the objective were to maximize social welfare. In our model, we analyze how the optimal use of guilt and virtue is influenced by the nature of the behavior under consideration, the costs of inculcating moral rules, constraints on the capacity to experience guilt and virtue, the fact that guilt and virtue often must be applied to groups of acts rather than be tailored to every conceivable type of act, and the direct effect of feelings of guilt and virtue on individuals' utility. We also consider a number of ways that the model could be extended, discuss the extent to which our analysis is consistent with the observed use of guilt and virtue, and relate our conclusions to longstanding philosophical debates about morality.

Notes:

Print version record

December 2001.