'Old Testament' Morality and the 'Traditional' Family

61 Pages Posted: 16 Sep 2013 Last revised: 3 Jul 2015

See all articles by Konstantin Yanovskiy

Konstantin Yanovskiy

Gaidar Institute for Economic Policy

Sergey Shulgin

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research

Date Written: September 15, 2013

Abstract

In this paper we consider questions of morality as a factor impacting trust in society, as an important element of the 'soft' infrastructure. Morality is the institution which, if it is maintained in an appropriate condition, is capable of significantly raising the efficacy level of the basal institutions, including the institution of private property. Morality is often gestured toward in political and research discussions, for instance, for purposes of eliminating or establishing artificial borders and constraints upon freedom of discussion.

Morality raises the level of trust among market agents, both among those directly acquainted with each other and among those who have never met each other before but hold the same moral views in common. Besides, morality lowers the costs of constructing and implementation of formal institutions which protect private property, as well as institutions friendly to the market.

The government’s pushing out the institution of the family and societal morality is largely bound up with the common mechanism for transferring individual responsibility to society, and the responsibility of society to the government. The government is interested in maximum resource use and maximal control. Bringing government controls to a maximum possible level runs counter to the existence of any limitations, among which morality is the most powerful and most stable one. The foundation of the 'liberation' of the individual from responsibility and from morality hails from the stimuli spawned by the institution of universal suffrage.

Keywords: soft infrastructure, universal moral values, to support private property, to deter redistribution, moral arguments vs. economic efficiency

JEL Classification: B41, B52, J12, K36, H56, Z12

Suggested Citation

Yanovskiy, Konstantin and Shulgin, Sergey, 'Old Testament' Morality and the 'Traditional' Family (September 15, 2013). Available at SSRN: https://ssrn.com/abstract=2326263 or http://dx.doi.org/10.2139/ssrn.2326263

Konstantin Yanovskiy (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Sergey Shulgin

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research ( email )

Russia

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