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Economists Dissect The ?Yuck? FactorWASHINGTON You can kill a horse to make pet food in California, but not to feed a person. You can hoist a woman over your shoulder while running a 253-meter obstacle course in the Wife-Carrying World Championship in Finland, but you can’t hold a dwarf-tossing contest in France. You can donate a kidney to prevent a death and be hailed as a hero, but if you take any money for your life-saving offer in the United States, you’ll be jailed. These prohibitions are not imposed because of concerns about health or safety or unfair practices, some economists say, but because people tend to find such activities repugnant. In other words, just hearing about them can cause a queasy sensation in the pit of your stomach. People don’t pay enough attention to how repugnance affects decisions about what can be bought and sold, asserts Alvin Roth, an economist at Harvard University. Mr. Roth spoke at a recent panel on the economics of repugnance at the American Enterprise Institute, a conservative research organization in Washington. For conservatives the issue can be particularly pointed. Economic conservatives tend to favor eliminating as many hindrances on the market as possible, while social conservatives believe some practices are so “repugnant” because they violate traditional values or religious and moral prohibitions that they should be banned from the marketplace altogether. Of course the dividing line between mercenary, soulless capitalists and defenders of human dignity is not always clear. As Mr. Roth pointed out, ideas about what is repugnant change all the time. Selling oneself into indentured servitude was once thought permissible, while charging interest on loans was not. In recent years groups have fought over whether it is acceptable to display and sell art that offends religious sensibilities, like a photograph of a crucifix in urine or a sculpture of Jesus on the cross, made out of chocolate. “Bodies ... The Exhibition” and similar shows, which feature the preserved and dissected remains of people, would once have been considered both ghoulish and profane. Although religious leaders, human-rights activists and medical officials have condemned the cadaver exhibitions, the displays have attracted millions of visitors in the United States and around the world. And last week a woman in Ohio whose ad to sell a horse mistakenly appeared under the heading “Good Things to Eat” in a newspaper’s classified section received dozens of calls, some expressing outrage and others from people interested in turning it into dinner. (In Europe and Japan horse meat on a menu would stir no more comment than macaroni and cheese would in an American diner.) Arthur C. Brooks, a professor of government and business at Syracuse University who moderated the Washington panel, spoke of how he like thousands of other Americans carried $7,000 in hundred dollar bills to ease the adoption of an abandoned baby in China despite a visceral reaction against the idea of buying and selling children. “It’s very hard to predict what’s repugnant and what’s not,” Mr. Roth said. Paul Bloom, a professor of psychology at Yale, agreed. He conducted a two-year study to try to get at why people consider athletes who take steroids to be cheating, but not those who take vitamins or use personal trainers. He and his team offered different possibilities: What if steroids were completely natural? Or were not at all harmful? Or were only effective if the athlete had to work harder than before? The only change that caused the interviewed subjects to alter their objections to steroids was when they were told that everyone else thought it was all right. “People have moral intuitions,” Mr. Bloom said. When it comes to accepting or changing the status quo in these situations, he said, they tended to “defer to experts or the community.” Often introducing money into the exchange putting it into the marketplace is what people find repugnant. Mr. Bloom asserted that money is a relatively new invention in human existence and therefore “unnatural.” Economists are asking the wrong question, Mr. Bloom said at the panel. They assume that “everything is subject to market pricing unless proven otherwise.” Tag CloudExternal InformationAdditional InformationBewkes steps up as new Time Warner chief...Branson group in talks with Virgin Radio suitor... Advertising: Trumpeting a Move to Put the Sun in SunChips... Can Trump Casinos Keep Up With the Neighbors?... Where Am I?News Main Page - Business - Economists Dissect The ?Yuck? Factor |
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