We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Moral sentiments and economic practices in Kyrgyzstan: the internal embeddedness of a moral economy.
- Authors
Sanghera, Balihar; Satybaldieva, Elmira
- Abstract
In The Theory of Moral Sentiments, Adam Smith notes that moral sentiments, emotions and feelings affect economic and social practices. In the literature on social embeddedness of the economy, sentiments and emotions are neglected, and more attention is given to rules, norms and institutions, which are seen as being instrumental in reducing transaction costs and creating social cohesion. By examining the transformation of Kyrgyzstan to a market economy, the authors show how emotions can motivate individuals to pursue ultimate concerns and commitments. Furthermore, it is argued that without moral emotions and institutional safeguards, economic practices and relationships can be distorted.
- Subjects
KYRGYZSTAN; POSTCOMMUNISM; MARKETS; ECONOMICS; TRANSACTION costs; SOCIAL cohesion; CAPITALISM
- Publication
Cambridge Journal of Economics, 2009, Vol 33, Issue 5, p921
- ISSN
0309-166X
- Publication type
Article
- DOI
10.1093/cje/bem020