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I establish three closely related claims. The first two are interpretive, the third theoretical. (1) The prevailing conception of moral economy in political science, presupposed by opponents as well as advocates, rests too heavily on the distinction between nonmarket and market-based societies. (2) The prevailing conception of moral economy reduces to the unduly narrow claim that economic incorporation of a nonmarket people is the basis for the moral indignation that leads to resistance and rebellion. (3) Reconceptualizing moral economy in terms of social goods reveals additional grounds for politically significant moral indignation and permits moral-economic political analysis of a larger set of cases and phenomena. Water politics in the arid American West illustrate the power of a conception of moral economy based on social goods. (American Political Science Review / FUB)

I establish three closely related claims. The first two are interpretive, the third theoretical. (1) The prevailing conception of moral economy in political science, presupposed by opponents as well as advocates, rests too heavily on the distinction between nonmarket and market-based societies. (2) The prevailing conception of moral economy reduces to the unduly narrow claim that economic incorporation of a nonmarket people is the basis for the moral indignation that leads to resistance and rebellion. (3) Reconceptualizing moral economy in terms of social goods reveals additional grounds for politically significant moral indignation and permits moral-economic political analysis of a larger set of cases and phenomena. Water politics in the arid American West illustrate the power of a conception of moral economy based on social goods.

Advocates a renewed attention to the classical interest in the linkages between economic practices & moral order, & the social good. A moral economic approach is employed to consider a number of ways in which markets & related economic activities both relay on & shape moral/ethical feelings, norms, & conducts, & have ethical consequences. It is first claimed that while research in moral economy has gained from the influence of Polanyi, his treatment of embeddedness & "the double movement" has particular weaknesses that can be resolved by theorizing the normativity of economic phenomena. The significance of Adam Smith for analyses of embeddedness & a general moral theory is explored. Last, it is held that this field of discussion must be supplemented by addressing economic obligations & the moral division of labor. K. Coddon