Ethical investments: Preferences and morality


Lewis, A. and Cullis, J., 1990. Ethical investments: Preferences and morality. Journal of Behavioral Economics, 19 Win (4), pp. 395-411.

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An economist and a social psychologist/sociologist discuss ethical investing (i.e., investing in socially desirable/attractive goods/services). An economic psychology model is outlined that allows for concerned investing. Four processes are identified: on the supply-side is the notion of innovative (value shift) marketing strategies; on the demand-side are consumer altruism, the influence of liberal elites, and the changing characteristics of consumers/investors (vintage preferences). This economic psychology model attaches weight to economic processes, not just consequences; to causal explanations beyond economic determinism; and to an interest in individual cognition (thinking, choices, attitudes, and preferences). (PsycINFO Database Record (c) 2007 APA, all rights reserved).


Item Type Articles
CreatorsLewis, A.and Cullis, J.
DepartmentsFaculty of Humanities & Social Sciences > Psychology
ID Code9702


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