Abstract
Two hundred and seventy-five British adults completed various questionnaires on measures of work beliefs and economic values, each of which were internally reliable. Measures covered such issues as the work and leisure ethic, government role in economic affairs, and the free enterprise system. The fourteen subscales from the three different dependent measures were treated to higher-order (VARIMAX) factor analysis which yielded four interpretable factors that accounted for nearly two-thirds of the variance. Regression analysis showed that political beliefs, and to a lesser extent social comparison, was the best predictor of these beliefs and values. The results suggest that lay people have coherent socio-economic, ideological belief systems such as the free enterprise system and more state or worker-controlled systems. These results are discussed in terms of the research on the structure of economic beliefs.
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