The Moral Sentiments

Policies Designed for Self-Interested Citizens May Undermine "The Moral Sentiments": Evidence from Economic Experiments. Samuel Bowles.

Science 20 June 2008:
Vol. 320. no. 5883, pp. 1605 - 1609
DOI: 10.1126/science.1152110

High-performance organizations and economies work on the basis not only of material interests but also of Adam Smith's "moral sentiments." Well-designed laws and public policies can harness self-interest for the common good. However, incentives that appeal to self-interest may fail when they undermine the moral values that lead people to act altruistically or in other public-spirited ways.
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