Self and Neighbours

Menzies, G; Hay, D

Self and Neighbours

Menzies, G

Hay, D

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Publication Type:: Journal Article
Citation:: Economic Record, 2012, 88 (SUPPL.1), pp. 137 - 148
Issue Date:: 2012-06-01

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Field	Value	Language
dc.contributor.author	Menzies, G https://orcid.org/0000-0003-4133-2282	en_US
dc.contributor.author	Hay, D	en_US
dc.date.issued	2012-06-01	en_US
dc.identifier.citation	Economic Record, 2012, 88 (SUPPL.1), pp. 137 - 148	en_US
dc.identifier.issn	0013-0249	en_US
dc.identifier.uri	http://hdl.handle.net/10453/18815
dc.description.abstract	The paper notes the findings of a panel survey in the USA to motivate a framework to model altruistic behaviour by members of faith communities. We posit an internal tension within agents to be oriented to self or to neighbours. We model this by a mixed motive valuation function which values both classic utility (based on own consumption), and generosity to neighbours. In the short run, the value assigned to generosity by an agent is fixed; in the long run, it is determined by the agent's understanding and practice of 'love for neighbour' (as discussed in McCloskey, 2006), which, according to the Christian world view, is influenced by the agent's spiritual state. © 2012 The Economic Society of Australia.	en_US
dc.relation.ispartof	Economic Record	en_US
dc.relation.isbasedon	10.1111/j.1475-4932.2012.00804.x	en_US
dc.subject.classification	Economics	en_US
dc.title	Self and Neighbours	en_US
dc.type	Journal Article
utslib.citation.volume	SUPPL.1	en_US
utslib.citation.volume	88	en_US
utslib.for	140104 Microeconomic Theory	en_US
utslib.for	14 Economics	en_US
utslib.for	15 Commerce, Management, Tourism and Services	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	closed_access
pubs.issue	SUPPL.1	en_US
pubs.publication-status	Published	en_US
pubs.volume	88	en_US

Abstract:

The paper notes the findings of a panel survey in the USA to motivate a framework to model altruistic behaviour by members of faith communities. We posit an internal tension within agents to be oriented to self or to neighbours. We model this by a mixed motive valuation function which values both classic utility (based on own consumption), and generosity to neighbours. In the short run, the value assigned to generosity by an agent is fixed; in the long run, it is determined by the agent's understanding and practice of 'love for neighbour' (as discussed in McCloskey, 2006), which, according to the Christian world view, is influenced by the agent's spiritual state. © 2012 The Economic Society of Australia.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/18815