09 October 2022

Quote Of The Day

[P]eople exposed to market institutions are honest while traditional people cheat. Cheating is only ameliorated in the traditional group when cheating comes at the expense of an in-group (fellow-villager) but not when it comes at the expense of an out-group member.

From here

More generally, involvement in market economies increases trust and pro-social behavior towards both in groups and out groups.

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