Morality exerts an important influence on the behavior of economic actors, and behavior largely determines economic … performance. Yet morality has received remarkably little attention from economists. In this paper, I explicitly incorporate … morality into a simple static general equilibrium model in which people choose between productive and rent-seeking activities …

of profit-making, etc.), morality (i.e. ethical norms) and intuition (i.e. the intuitive decision whether to engage in …