Economics Dictionary of Arguments

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Morals: morals refers to a more or less coded set of rules, action maxims, duties and prohibitions within a society or group. Most of these rules are unconsciously internalized among the members of the society or group. Their justification and the possible assessment of actions are reflected in ethics and meta ethics. See also values, norms, rights, ethics.

Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

Author Item Summary Meta data

Friedrich A. von Hayek on Morals - Dictionary of Arguments

Sunstein I 123
Moral/Hayek/Sunstein: Hayek's thesis: Morality is itself a product of many minds that make many decisions over time, creating a set of principles that are unlikely to be embraced by any individual mind or theory.
Hayek's thesis: "Our morality equips us with possibilities that are greater than those that reason could give us. (1)
Sunstein I 124
Sunstein: Hayek's conclusion is that many ghosts are responsible for ((s) the emergence of) morality over time.
SunsteinVsHayek: he does not take into account the effects of group pressure on information retention (>Information Cascades). Precisely this can contribute to the fact that traditional moral concepts last longer than necessary. (See Politics/Sunstein, Communication/Sunstein).

1. Friedrich Hayek, “The Origins and Effects of Our Morals: A Problem for Science,” in The Essence of Hayek, 318, 330.

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

Hayek I
Friedrich A. Hayek
The Road to Serfdom: Text and Documents--The Definitive Edition (The Collected Works of F. A. Hayek, Volume 2) Chicago 2007

Sunstein I
Cass R. Sunstein
Infotopia: How Many Minds Produce Knowledge Oxford 2008

Sunstein II
Cass R. Sunstein
#Republic: Divided Democracy in the Age of Social Media Princeton 2017

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