TL;DR: The Schwartz theory of basic human values as discussed by the authors identifies ten basic personal values that are recognized across cultures and explains where they come from, and shows that these values form a circular structure that reflects the motivations each value expresses.
Abstract: This article presents an overview of the Schwartz theory of basic human values. It discusses the nature of values and spells out the features that are common to all values and what distinguishes one value from another. The theory identifies ten basic personal values that are recognized across cultures and explains where they come from. At the heart of the theory is the idea that values form a circular structure that reflects the motivations each value expresses. This circular structure, that captures the conflicts and compatibility among the ten values is apparently culturally universal. The article elucidates the psychological principles that give rise to it. Next, it presents the two major methods developed to measure the basic values, the Schwartz Value Survey and the Portrait Values Questionnaire. Findings from 82 countries, based on these and other methods, provide evidence for the validity of the theory across cultures. The findings reveal substantial differences in the value priorities of individuals. Surprisingly, however, the average value priorities of most societal groups exhibit a similar hierarchical order whose existence the article explains. The last section of the article clarifies how values differ from other concepts used to explain behavior—attitudes, beliefs, norms, and traits. Creative Commons License This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License. This article is available in Online Readings in Psychology and Culture: http://scholarworks.gvsu.edu/orpc/vol2/iss1/11
TL;DR: The Moral Foundations of Trust as discussed by the authors is a moral value that does not depend upon personal experience or on interacting with people in civic groups or informal socializing, instead, we learn to trust from our parents, and trust is stable over long periods of time.
Abstract: The Moral Foundations of Trust seeks to explain why people place their faith in strangers, and why doing so matters. Trust is a moral value that does not depend upon personal experience or on interacting with people in civic groups or informal socializing. Instead, we learn to trust from our parents, and trust is stable over long periods of time. Trust depends on an optimistic world view: the world is a good place and we can make it better. Trusting people are more likely to give through charity and volunteering. Trusting societies are more likely to redistribute resources from the rich to the poor. Trust has been in decline in the United States for over 30 years. The roots of this decline are traceable to declining optimism and increasing economic inequality, which Uslaner supports by aggregate time series in the United States and cross-sectional data across market economies.
TL;DR: The Theory of Value as mentioned in this paper offers a rigorous, axiomatic, and formal analysis of producer behavior, consumer behavior, general equilibrium, and the optimality of the market mechanism for resource allocation.
Abstract: "[This] beautiful and austere book . . . [is] an important landmark of economic theory."-F.H. Hahn, Journal of Political Economy "An immortal classic of twentieth century economics. Every economist should own a copy."-Robert Lucas, University of Chicago Theory of Value offers a rigorous, axiomatic, and formal analysis of producer behavior, consumer behavior, general equilibrium, and the optimality of the market mechanism for resource allocation.
TL;DR: The study of the decision behavior of suitably motivated individuals and groups in lab- oratory or other socially isolated settings such as hospitals has important and significant application to the development and verification of theories of the economic system at large.
Abstract: It is the premise of this paper that the study of the decision behavior of suitably motivated individuals and groups in lab- oratory or other socially isolated settings such as hospitals (R. Battalio, J. Kagel, et al., 1973) has important and significant application to the development and verification of theories of the economic system at large.