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Over the past two decades, scholars have invoked E. P. Thompson's and James Scott's concept of a “moral economy” to explain how people mobilize notions of justice to make claims to water. We draw together 20 years of literature to assess the state‐of‐the‐art present in research on moral economies for water. We trace the historical foundations of the moral economies concept and its relevance to water; define the three basic components of a moral economy for water—(1) shared understandings of justice, (2) normative economic practices, (3) social pressure mechanisms—and provide examples of how they manifest globally. We then discuss how moral economies for water can cycle through four basic states—balanced struggle, intensified reaction, mass revolt, and collapse and dissolution—at different scales. We also explore the implications of the moral economies framework for key areas of current research …