Scientism and Values Thewilliam Volker Fund Series in the Humane Studies
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The New Argument in Economics the William Volker Fund Series in the Humane Studies
The New Argument in Economics The William Volker Fund Series In the Humane Studies EPISTEMOLOGICAL PROBLEMS OF ECONOMICS by Ludwig von Mises THE ECONOMIC POINT OF VIEW by Israel M. Kirzner ESSAYS IN EUROPEAN ECONOMIC THOUGHT Edited by Louise Sommer SCIENTISM AND VALUES Edited by Helmut Schoeck and James W. Wiggins A SOCIALIST EMPIRE: THE INCAS OF PERU by Louis Baudin RELATIVISM AND THE STUDY OF MAN Edited by Helmut Schoeck and James W. Wiggins FREEDOM AND THE LAW by Bruno Leoni MAN, ECONOMY, AND STATE-2 vols. by Murray N. Rothbard THE ULTIMATE FOUNDATION OF ECONOMIC SCIENGE by Ludwig von Mises PSYCHIATRY AND RESPONSIBILITY Edited by Helmut Schoeck and James W. Wiggins THE FREE AND PROSPEROUS COMMONWEALTH by Ludwig von Mises SCIENCE AND HISTORY: A CRITIQUE OF POSITIVIST EPISTEMOLOGY by Heinrich Rickert THE NECESSARY CONDITIONS FOR .A FREE SOCIETY Edited by Felix Morley ESSENTIALS OF ECONOMICS: A BRIEF SURVEY OF PRINCIPLES AND POLICIES by Faustino Ballve THE NEW ARGUMENT IN ECONOMICS Edited by Helmut Schoeck and James W. Wiggins The New Argument in Economics THE PUBLIC versus THE PRIVATE SECTOR Edited by HELMUT SCHOECK AND JAMES W. WIGGINS Papers by KARL BRANDT ARTHUR A. SHENFIELD LOWELL B. MASON GEORGE J. STIGLER JEROME WILSON MILLIMAN WILLIAM S. STOKES SYLVESTER PETRO ERNEST VAN DEN HAAG J. FRED RIPPY ELISEO VIVAS WILSON E. SCHMIDT W. ALLEN WALLIS D. VAN NOSTRAND COMPANY, INC. PRINCETON, NEW JERSEY TORONTO LONDON NEW YORK D. VAN NOSTRAND COMPANY, INC. 120 Alexander St., Princeton, New Jersey (Principal office) 24 West 40 Street, New York 18, New York D. -
Passions in Economy, Politics, and the Media: in Discussion with Christian
PPPaaassssssiiiooonnnsss iiinnn EEEcccooonnnooommmyyy,,, PPPooollliiitttiiicccsss,,, aaannnddd ttthhheee MMMeeedddiiiaaa::: Passions in Economy, Politics and the Media: In Discussion with Christian Theology IIInnn DDDiiissscccuuussssssiiiooonnn wwwiiittthhh CCChhhrrriiissstttiiiaaannn TTThhheeeooolllooogggyyy Conference presented by: Faculty of Theology / University of Innsbruck in cooperation with: Colloquium on Violence & Religion (COV&R) Faculty of Social Sciences and Economics Canadian Studies Centre Special thanks to the sponsors of Conference 2003: Bundesministerium für Bildung, Wissenschaft und Kultur (bmbwk) Kuehne & Nagel Ges.m.b.H. Land Tirol Österreichisches Ost- und Südosteuropa-Institut (osi) Österreichische Forschungsgemeinschaft Österreichische Industriellenvereinigung Raiffeisen Landesbank Tirol (RLB) Römerquelle Stadt Innsbruck Universität Innsbruck Verein zur Beförderung gemeinnütziger Tätigkeit Vorarlberger Landesregierung Special thanks to: Christian Dorner Irene Ebenbichler Mike Freudenthaler Cristina Evelina Gal Elisabeth Hochenegger Stefan Obholzer Maximilian Paulin Dietmar Steinmair Julia Stiebellehner CCCooonnnfffeeerrreeennnccceee PPPrrrooogggrrraaammm Conference Program CCCooonnnfffeeerrreeennnccceee PPPrrrooogggrrraaammm WEDNESDAY, JUNE 18 FRIDAY, JUNE 20 Main Focus: ECONOMY 09:00 Advisory Board Meeting (SR III) 08:15 Prayer Service in Memory of Bill Mishler (Capuchin’s Church) 14:00 Conference Registration (Conference Bureau) 09:00 Passions in Economy 17:00 Opening Ceremony * Chair: MATTHIAS SUTTER, Institute -
The Impact of Relative Income Position on Social Capital
1 DOES ENVY DESTROY SOCIAL FUNDAMENTALS? THE IMPACT OF RELATIVE INCOME POSITION ON SOCIAL CAPITAL ∗ Justina A.V. Fischer and Benno Torgler Abstract: Research evidence on the impact of relative income position on individual attitudes and behaviour is sorely lacking. Therefore, this paper assesses such positional impact on social capital by applying 14 different measurements to International Social Survey Programme data from 25 countries. We find support for a positional concern effect or ‘envy’ whose magnitude in several cases is quite substantial. The results indicate that such an effect is non-linear. In addition, we find an indication that absolute income level is also relevant. Lastly, changing the reference group (regional versus national) produces no significant differences in the results. JEL Classification: Z130, H260, I310, D000, D600 Keywords: Relative income position; envy; positional concerns; social capital; social norms; happiness ∗ Justina A. V. Fischer, STICERD, London School of Economics, Houghton Street London WC2A 2AE, UK and Swiss Institute for International Economics and Applied Economic Research (SIAW), University of St. Gallen, Bodanstrasse 8, 9000 St. Gallen, Switzerland, e-mails: [email protected], [email protected]; Benno Torgler, Yale Center for International and Area Studies, Leitner Program in International & Comparative Political Economy, 34 Hillhouse Avenue, P.O. Box 208206, New Haven, CT 06520 (USA), e-mail: [email protected]. He is also associated with CREMA – Center for Research in Economics, Management and the Arts, Switzerland. Both authors gratefully acknowledge financial support from the Swiss National Science Foundation (SNF). We wish to thank Julia Angelica for professional editing. 2 Envy .. -