Market Mindset Reduces Endorsement of Individualizing Moral Foundations, but Not in Liberals

Abstract

People with a market mindset attend to ratios and rates, and allocate rewards adequately to costs but are less sensitive to feelings. In this project, we demonstrate that activating a market mindset also affects people’s acceptance of free-market principles and their endorsement of individualizing moral dimensions—care/harm and fairness/cheating. Experiment 1 documented that a market mindset positively impacted people’s endorsement of fair market ideology. Experiments 2 and 3 showed that the salience of such a market mindset hampered the importance of individualizing moral dimensions. Importantly, we found that political orientation moderated the negative effect of a market mindset on the endorsement of individualizing moral foundations—this effect held for participants who declared moderate and conservative political orientations, but not for liberals.

Keywords

• market mindset
• market pricing mode
• fair market ideology
• individualizing moral foundations