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Economic freedom is an important contributor to growth and prosperity within countries and across the globe, as well as a key component of individual liberty in the classical liberal tradition. Many ethicists and social scientists criticise the relative distribution of the benefits of economic...
Persistent link: https://www.econbiz.de/10014346328
This paper may be summarized by the following points. First, the crisis of the liberal world order arises from a misalignment of our social, economic and political domains of activity, along with a resulting destabilization of our physical environment. The integration of the global economy has...
Persistent link: https://www.econbiz.de/10011983357
This vision brief may be summarized by the following points. First, the crisis of the liberal world order arises from a misalignment of our social, economic and political domains of activity, along with a resulting destabilization of our physical environment. The integration of the global...
Persistent link: https://www.econbiz.de/10011963835
The positive influences of institutions to economic growth, commonly measured by GDP per capita, have been intensively tested by many empirical studies. However, as the challenges of pollution, corruption, and inequality raise up, the quality of economic development and how to achieve the good...
Persistent link: https://www.econbiz.de/10013021318
This paper argues that liberty and progress arose due to the generalized increasing returns to economic activity. These increasing returns follow from the gradual, cumulative process of institutionalizing liberties. As a society adopts an institutional framework from accumulated liberties, there...
Persistent link: https://www.econbiz.de/10012936067
The petroleum industry is confronted with severe deficits in the institutional framework for global business. In order to fill the gap, companies react with voluntary commitments to ecological, social and governance standards. This study analyses a broad variety of Best Practice projects in...
Persistent link: https://www.econbiz.de/10013144357
This Palgrave Pivot presents a series of political economy short stories of collective agency, weaving together the history of a progressive change with a discussion of the role of institutions to effect change. These stories highlight sustained activism around valuing caring, ending...
Persistent link: https://www.econbiz.de/10012398363
Persistent link: https://www.econbiz.de/10014252365
This paper will discuss how the Financial Crisis of 2008 has thrown neoliberalism into a deep legitimation crisis. Over the past four decades the neoliberal ethic of Ronald Reagan and Margaret Thatcher has permeated American life both public and private. The principles of the laissez faire...
Persistent link: https://www.econbiz.de/10014179691
The basic idea of an institution (formal and/or informal) may be conceived as an aggregate structure that has an …
Persistent link: https://www.econbiz.de/10012952058