Professor: Studying economics can make greed seem morally acceptable

By Eric W. Dolan
Wednesday, October 23, 2013 11:07 EDT
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Thom Hartmann and Adam Grant (Screenshot)
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Professor Adam Grant of The Wharton School told radio host Thom Hartmann on Tuesday that the study of economics influenced how people thought and behaved.

The research at this point is not entirely conclusive. But the existing body of studies indicate that economic professors are less charitable, those who study economics become more likely to view greed as morally acceptable, and studying economics increases cheating, Grant said.

His own research found that business executives exposed to economic words became less compassionate than executives exposed to neutral words.

Grant added that only some economic fields seemed to produce more selfish thoughts and behaviors.

“There is evidence that learning about macroeconomics and political economy doesn’t necessarily breed more selfish behavior, whereas when you study business economics with a strong emphasis on profit maximization, you’re a little bit more likely to see that effect,” he said.

Watch video, uploaded to YouTube, below:

Eric W. Dolan
Eric W. Dolan
Eric W. Dolan has served as an editor for Raw Story since August 2010, and is based out of Sacramento, California. He grew up in the suburbs of Chicago and received a Bachelor of Science from Bradley University. Eric is also the publisher and editor of PsyPost. You can follow him on Twitter @ewdolan.
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