ABSTRACT

In contrast to what is commonly assumed to be the case in neoclassical economic theory, individuals cannot be expected in certain situations to be indifferent between alternative forms of employment which are identical in terms of work content and remuneration. In other words, they may have preferences regarding the type of work that they are prepared to take on. Such preferences could be expected for instance to influence a pacifist who has to choose between a job in the car industry and working for a company manufacturing military vehicles. Another perhaps better example would be that of the environmental activist who is considering whether or not to work in a factory that employs production techniques which he considers to be damaging to the environment e.g. via the emission of pollutants.