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Institutions and Morals: A Reply

Institutions and Morals: A Reply

Armin Falk and Nora Szech


European Journal of Political Economy, 2015, Vol. 40, 391-394; DOI:10.1016/j.ejpoleco.2015.07.003

Date: 2015

Breyer and Weimann (2015) suggest interpreting the results of our study on Morals and Markets (2013a,b) in "the opposite way". In the following, we briefly discuss why this claim is unwarranted. We hope that these clarifications will help inspiring future work on causal effects of markets and other institutions on moral values.