Economic transactions are embedded in complex moral relations, not just rational numbers

Evidence

Some interpretative sociologists have challenged the idea that individual economic calculations are irrational and are reinterpreting them not in terms of numbers but of the complex moral relations in which economic transactions are in fact embedded (Zelizer, Economic Lives, discussed in Wherry, “Relational Accounting”). — Nick Couldry & Ulises A. Mejias, The Costs of Connection, 1043

Categorization

• XREF: Connects to Viviana Zelizer’s relational accounting thesis, which challenges the behavioral-economics rationality model the authors elsewhere critique via nudging/hypernudge debates. — connects to: Analyzing normative ideals rather than actual behavior reveals distinct moral economies; Economic transactions are governed by their embeddedness in social networks — TOMASZ OLEJNICZAK, Development of Trust in Low-Trust…, 17; A stable ethical order requires integrating material life with moral value (+4 more)

Broader Connections

• Economic transactions are governed by their embeddedness in social networks #expands (0.90) — TOMASZ OLEJNICZAK, Development of Trust in Low-Trust…, 17
• Analyzing normative ideals rather than actual behavior reveals distinct moral economies #expands (0.85)
• Money carries multiple frames of value beyond its economic function #expands (0.80) — Max Haiven, Cultures of Financialization, 386
• A stable ethical order requires integrating material life with moral value #expands (0.72)