Moral sentiments and economic practices in Kyrgyzstan: the internal embeddedness of a moral economy

Sanghera, B. and Satybaldieva, E. (2009) Moral sentiments and economic practices in Kyrgyzstan: the internal embeddedness of a moral economy. Cambridge Journal of Economics, 33 (5). pp. 921-935. ISSN 0268-5809. (Access to this publication is restricted)

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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.

Item Type: Article
Uncontrolled keywords: Moral sentiments,Postcommunism,Markets,Class,Embeddedness
Subjects: H Social Sciences > HX Socialism. Communism. Anarchism
H Social Sciences > HB Economic Theory
H Social Sciences > HM Sociology
Divisions: Faculties > Social Sciences > School of Social Policy Sociology and Social Research > Medway
Depositing User: Balihar Sanghera
Date Deposited: 10 Mar 2009 11:34
Last Modified: 18 Feb 2014 09:01
Resource URI: http://kar.kent.ac.uk/id/eprint/7703 (The current URI for this page, for reference purposes)
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