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

Sanghera, Balihar, Satybaldieva, Elmira (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. (doi:10.1093/cje/bem020) (Access to this publication is currently restricted. You may be able to access a copy if URLs are provided) (KAR id:7703)

Language: English

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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
DOI/Identification number: 10.1093/cje/bem020
Uncontrolled keywords: Moral sentiments,Postcommunism,Markets,Class,Embeddedness
Subjects: H Social Sciences > HX Socialism. Communism. Utopias. Anarchism
H Social Sciences > HB Economic Theory
H Social Sciences > HM Sociology
Divisions: Divisions > Division for the Study of Law, Society and Social Justice > School of Social Policy, Sociology and Social Research
Depositing User: Balihar Sanghera
Date Deposited: 10 Mar 2009 11:34 UTC
Last Modified: 16 Nov 2021 09:45 UTC
Resource URI: (The current URI for this page, for reference purposes)

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