Commercial Relations: From Adam Smith to Field Experiments

Paganelli, Maria Pia

doi:10.1093/oxfordhb/9780199605064.013.0017

Cited by 10 publications

(4 citation statements)

References 31 publications

(19 reference statements)

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“…7 Mark Neocleous (2013) already shows that far from arguing that commercial and military virtues oppose each other, thinkers of the Scottish Enlightenment argue that military values are necessary for sustaining commercial societies. We do not question that Smith is an adamant supporter of trade, convinced of the effects of doux commerce domestically: for Smith, commerce does bring peace, order, and justice domestically (WN III; 8 see also Paganelli (2013Paganelli ( , 2017). We do not question that Smith wishes that trade would bring more peace internationally.…”

Section: Introductionmentioning

confidence: 94%

Do not take peace for granted: Adam Smith’s warning on the relation between commerce and war

Paganelli

Schumacher

2018

Cambridge Journal of Economics

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Is trade a promoter of peace? Adam Smith, one of the earliest defenders of trade, worries that commerce may instigate some perverse incentives, encouraging wars. The wealth that commerce generates decreases the relative cost of wars; it increases the ability to finance wars through debts, which decreases their perceived cost; and it increases the willingness of commercial interests to use wars to extend their markets, increasing the number and prolonging the length of wars. Smith therefore cannot assume that trade would yield a peaceful world. While defending and promoting trade, Smith warns us not to take peace for granted.

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Section: Introductionmentioning

confidence: 94%

Do not take peace for granted: Adam Smith’s warning on the relation between commerce and war

Paganelli

Schumacher

2018

Cambridge Journal of Economics

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“…Overall, our results do not seem to be in line with Montesquieu's famous thesis of "doux commerce", that the involvement in market interactions tends to pacify relations with others. Neither do they support the virtuous side of markets regarding fairness defended by Paganelli (2013). In a more developed country, market integration supposedly makes subjects more sensitive to fairness.…”

Section: Discussionmentioning

confidence: 86%

Social preferences across different populations: Meta-analyses on the ultimatum game and dictator game

Cochard

Gallo

Georgantzı́s

et al. 2021

Journal of Behavioral and Experimental Economics

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We perform meta-regressions on a single database containing 96 observations of simple ultimatum games and 144 observations of simple dictator games to disentangle the fairness hypothesis based on the degree of economic development of a country. According to the fairness hypothesis, offers in the two games should not differ if they were motivated by a subject's fairness concerns. Using the difference across countries between offers in ultimatum and dictator games, we address the effect of being exposed to the market mechanism on pure fairness concerns and other-regarding, expectations-driven fairness. Our results show in particular that the lower the level of economic development in a country, the less likely the rejection of the fairness hypothesis.

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“…More life is indeed better. Societies better able to support life are better societies than ones unable to support life (Paganelli 2013(Paganelli , 2017. Furthermore, for Smith, societies with an increasing population are the happiest (WN I.viii.43,p.…”

Section: Social Betterment Is Measurablementioning

confidence: 99%