Mit Blick auf gemeingesellschaftliche Ziele wie Klimaneutralität oder der Achtung von Menschenrechten werden mit Compliance- und ESG-Vorgaben Unternehmen in Deutschland und der EU von den Gesetzgebern zunehmend in die Verantwortung genommen. Durch Gesetze wie etwa dem deutschen...

As disasters caused by natural hazards, health emergencies, and other crises become more frequent and complex, the demand for effective crisis preparedness and response tools has never been greater. In response to these evolving challenges, the World Bank (WB) has continuously adapted its crisis...

Background and Objective: This paper posits that market-oriented economies foster narcissistic behavior due to their focus on profit, private ownership, competition, and free markets. The research presented demonstrates that while overall levels of narcissism remain stable, certain political...

Mit Blick auf gemeingesellschaftliche Ziele wie Klimaneutralität oder der Achtung von Menschenrechten werden mit Compliance- und ESG-Vorgaben Unternehmen in Deutschland und der EU von den Gesetzgebern zunehmend in die Verantwortung genommen. Durch Gesetze wie etwa dem deutschen...

Auf Inflation mit politischen Maßnahmen zur Stimulierung der Nachfrage zu reagieren, wirft Fragen auf, insbesondere wenn einflussreiche zeitgenössische Ökonomen wie Hans Werner Sinn dies unterstützen, indem sie den Konsum als wachstumsschädlich und unnötig für die Wirtschaft bezeichnen....

The trade-off between environmental degradation and economic growth is occurring at various global scales due to the use of non-renewable energy. In developed countries, the majority of this issue has been the focus of research and attention. Currently, there is a research gap regarding the...

For several decades, what has been called the "liberal cosmopolitan-minded urban elites" set the political agenda of Western democracies (Dold and Krieger 2019a). They aimed at personal freedom and upward social mobility by means of a meritocratic system that was safeguarded by a combination of...

The paper promotes the performance of the European market as a measure of the efficiency of its societies. The social market economy and the international standards of the social sciences and disciplines are essential to providing prosperity for all. The economic perspective comes naturally. A...

Dewatripont and Tirole (2024) defend the morality of markets on the ground of an irrelevance result: the social production of moral actions is independent from competitive pressure on markets. No matter how strong competitive pressure is, markets perform well in diffusing signals about moral...

Auf Inflation mit politischen Maßnahmen zur Stimulierung der Nachfrage zu reagieren, wirft Fragen auf, insbesondere wenn einflussreiche zeitgenössische Ökonomen wie Hans Werner Sinn dies unterstützen, indem sie den Konsum als wachstumsschädlich und unnötig für die Wirtschaft bezeichnen....

Capitalism has gone astray. Today we face ecological exhaustion, persistent inequality, financialization, stress on communities, short-termism, and new power concentrations. An avalanche of new economic thinking and a reorientation of European values show the way toward a different economy. A...

Is the World Trade Organization (WTO) and its rules-based system capable of addressing the distortions in trade caused by the explosive growth of China’s State-Owned Enterprises (SOEs)? If it is, why hasn’t it been put to use? If the WTO rules are not up to task, where and how do they need...

Why does inequality vary across societies? We advance the hypothesis that in a market economy, where earning differentials reflect variations in productive traits among individuals, a significant component of the differences in income inequality across societies can be attributed to...

In this book, Stephen Copp has brought together some of the world’s leading figures in the field of law and economics to discuss questions that are central to our understanding of how a free-market economy operates.Though most people accept that a free economy cannot exist in a legal vacuum,...

There is widespread concern, especially in certain feminist circles, that a market-oriented economic system, or capitalism, disfavors women. This could take many forms, such as lower wages for the same type of work, reduced career opportunities, disparities in ownership and the upholding of...

Why does inequality vary across societies? We advance the hypothesis that in a market economy, where earning differentials reflect variations in productive traits among individuals, a significant component of the differences in inequality across societies can be attributed to variation in...

Why does inequality vary across societies? We advance the hypothesis that in a mar- ket economy, where earning differentials re ect variations in productive traits among individuals, a significant component of the differences in inequality across societies can be attributed to variation in...

Purpose - Expanding and developing the theoretical implications of socialist market economy with China's experience. Design/methodology/approach - In the course of exploring the development of a market economy, China has given full play to the advantages of the socialist system, which has...

Purpose - This paper aims to determine the status of the socialist market economy through a logical analysis of the evolution of economic systems in human society. Design/methodology/approach - This paper presents an analysis of uncertainty and the functions performed by different economic...

This SIP provides an overview of the governance diagnostic mission conducted in early 2021 by experts from the IMF's Fiscal Affairs and Legal Departments, along three main pillars - the rule of law, tax and customs administration, and public financial management. The SIP assesses progress made,...

Why does inequality vary across societies? We advance the hypothesis that in a market economy, where earning differentials reflect variations in productive traits among individuals, a significant component of the differences in inequality across societies can be attributed to variation in...

In this paper, Richard A. Epstein, Professor of Law at the University of Chicago, explains how there are substantial gains to be made from countries getting ‘easy’ policy decisions correct. Societies collapse and become impoverished when they do not accept the basic principles of freedom to...

This paper discusses the non-market-economy status of China based on the behavior of Brazilian imports originated from China after the imposition of anti-dumping (AD) duties. More specifically, we investigate whether imports from China react differently to the imposition of AD duties compared to...

After briefly reviewing the received doctrine prior to the waves of privatisations beginning in the 1980s, this Element offers a survey of various analytical frameworks on State Owned Enterprises (SOEs) from the perspective of applied welfare economics. The focus then shifts to a positive...