36 Questions
What is the main concern about markets and market values according to the text?
They may change the meaning of social practices and crowd out non-market norms
What is the assumption that economists often make about markets?
They are always value-neutral and do not affect the goods they exchange
What is the conclusion about economics as a discipline?
It is a normative science that should be connected to moral and political philosophy
What is the implication of markets entering social life and civic life?
They may change the meaning of social practices and norms
What is the concern about teaching people that black rhinos are objects of sport to be shot or prisoners?
It may change the way people value and care about non-market norms
What is the author's view on the relationship between economics and moral and political philosophy?
Economics should be connected to moral and political philosophy
According to the conversation, what is the main concern of Speaker C regarding auctioning off the right to kill a prisoner?
It would violate the intrinsic value of human life
What is the underlying philosophy of Speaker B's argument in favor of auctioning off the right to kill a prisoner?
Utilitarianism
What is the common goal of the educational programs mentioned in the conversation?
To motivate kids to study hard and get good grades
What is the alternative approach to education mentioned in the conversation?
Using a market mechanism to pay kids to read books
What is the possible outcome of auctioning off the right to kill a prisoner, according to Speaker B?
An increase in the jail's funds for educational programs
What is the main difference between Speaker B and Speaker C's positions on auctioning off the right to kill a prisoner?
Speaker B prioritizes the jail's programs, while Speaker C prioritizes the prisoner's life
What was the main difference between the first and second groups?
The first group was offered a 1% commission while the second group was offered a 10% commission.
According to the experiment, which group raised the most money for charity?
The group that was not paid
What is the primary theme of the discussion in the context?
The moral and civic aspects of charity work
What is implied by the concept of 'crowding out' in the context?
The reduction of individual motivation due to external incentives
What is the relationship between the group's motivation and the financial incentives offered?
The financial incentives decreased the group's motivation
What is the main implication of the experiment on economics?
Economics is influenced by moral and civic values
Markets can sometimes change the meaning of social practices and crowd out non-market norms.
True
Economists assume that markets are always inert and do not affect the meaning of goods exchanged.
False
The introduction of financial incentives in the charity fundraising experiment enhanced the intrinsic motivation of the participants.
False
Economics can be considered a value-neutral science of social choice.
False
The experiment demonstrated that the group offered a 10% commission raised the most money for charity.
False
The value of material goods, such as cars or toasters, can change when exchanged through markets.
False
Economists typically consider economics to be a value-neutral science of human behavior and social choice.
True
The introduction of financial incentives in the charity fundraising experiment changed the meaning of the activity from a moral and civic project to a job.
True
The author believes that economics should be a separate autonomous discipline.
False
Markets can affect the meaning of goods exchanged in the same way, regardless of whether they are material or social.
False
The experiment's results support the idea that financial incentives can enhance the utilitarian function of an activity.
False
The concept of 'crowding out' in the context of the experiment refers to the phenomenon where financial incentives replace intrinsic motivation.
True
Utilitarianism focuses on the well-being of the greatest number of individuals in a group.
True
Welfarist social welfare functions prioritize individual well-being over aggregate welfare.
False
Rawls' concept of distributive justice focuses on the well-being of the least advantaged individuals in a society.
True
A à-la Nash social welfare function prioritizes the well-being of the most disadvantaged individuals in a society.
False
The conversation implies that markets can be effective in achieving social and civic goals.
True
Speaker B's argument in favor of auctioning off the right to kill a prisoner is based on a non-utilitarian philosophy.
False
Explore the intersection of economics and ethics, examining how markets influence social practices and norms, and considering the implications of market values on non-market norms. Delve into the importance of normative questions in deciding when to use market values. Discuss the potential consequences of treating certain entities, such as black rhinos, as objects of sport.
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