Journal Article

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

Balihar Sanghera and Elmira Satybaldieva

in Cambridge Journal of Economics

Published on behalf of Cambridge Political Economy Society

Volume 33, issue 5, pages 921-935
Published in print September 2009 | ISSN: 0309-166X
Published online September 2007 | e-ISSN: 1464-3545 | DOI: https://dx.doi.org/10.1093/cje/bem020
Moral sentiments and economic practices in Kyrgyzstan: the internal embeddedness of a moral economy

More Like This

Show all results sharing these subjects:

  • General Economics
  • Economic Sociology
  • Economic Methodology
  • Socialist Systems and Transitional Economies

GO

Show Summary Details

Preview

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.

Keywords: Moral sentiments; Postcommunism; Markets; Class; Embeddedness; A12; B50; P20; Z13

Journal Article.  7598 words. 

Subjects: General Economics ; Economic Sociology ; Economic Methodology ; Socialist Systems and Transitional Economies

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content. subscribe or login to access all content.