One of the principal achievements of the GATT Uruguay Round of Multilateral Trade Negotiations (1986-1994), which resulted in the establishment of the World Trade Organization ("WTO"), was the creation of a ground-breaking system for the resolution of trade disputes between WTO Members. This...

The paper contributes to a symposium of the Oxford Review of Economic Policy on “Capitalism: What has Gone Wrong, What Needs to Change, and How can it be Fixed?”. The analysis starts from the observation that, in the United States, the United Kingdom and continental Europe, widespread...

Using archival material and underutilized printed sources this article provides an intellectual history of Milton Friedman’s critique of corporate social responsibility. This evidence demonstrates how his arguments developed within the context of ‘neoliberal’ discussion in Europe and the...

In the last few years, the so-called Modern Monetary Theory (MMT) has been gaining prominence in the media and the public. This article presents the MMT approach to money and monetary policy, and discusses its recommendations regarding fiscal policy and aggregate demand management, the...

Die Welt steht vor tiefgreifenden wirtschaftlichen, ökologischen und sozialen Herausforderungen; das sind im Besonderen: die Klimakrise, der schnelle technologische Wandel, die Globalisierung und die Ungleichheit zwischen Generationen und Ländern. Zwar haben viele der in den letzten 40 Jahren...

The ecosystem services approach has attracted tremendous attention from policymaking, planning and interdisciplinary sciences over the last decades. Despite its broad acknowledgement worldwide, there are a number of well-known conceptual and methodological limitations that impair its use and...

The seminal contributions of William Nordhaus to scholarship on the long-run macroeconomics of global climate change are clear. Much more challenging to identify are the impacts of Nordhaus and his research on public policy in this domain. We examine three conceptually distinct pathways for that...

Friedrich Hayek devoted the later part of his career to investigating the legal rules required for the existence of a free society. The subject of this paper is Hayek's treatment of legal positivism, which he thought was the most important intellectual movement responsible for the decline of...

The ecosystem services approach has attracted tremendous attention from policymaking, planning and interdisciplinary sciences over the last decades. Despite its broad acknowledgement worldwide, there are a number of well-known conceptual and methodological limitations that impair its use and...

Im nachstehenden Beitrag wird die These vertreten, dass in den Wirtschaftswissenschaften ein grundsätzliches und zugleich doppeltes Reflexionsproblem besteht. Es ist mitverantwortlich für die mittlerweile desaströsen Folgen des Wirtschaftens - fatal für den Großteil der Menschen auf der...

Sozioökonomische Klassiker der Mitte des 20. Jahrhunderts sind in ihren Zeitdiagnosen von einer tiefen Krise des Kapitalismus ausgegangen. So haben Joseph Schumpeter und Karl Polanyi ihre durch Weltwirtschaftskrise und Faschismus geprägte Gegenwart in einen weiten historischen Kontext...

There is mounting evidence of a widespread popular backlash against globalization in advanced economies, which can hurt multinational companies' (MNCs) interests. In this paper we argue that MNCs are both ‘culprits' and ‘victims' of backlash against globalization. Building on the comparative...

We survey the emerging research area of sustainability economics through a quantitative full-text analysis of peer-reviewed journal publications from 1987 to 2013. To identify relevant contributions, we draw on established definitions of sustainability economics for a keyword-based...

Die Coronakrise hat es wieder heraufbeschworen: das Inflationsgespenst. Es geisterte von Beginn an durch die Geldgeschichte, nun ist es zurück – und bringt die Finanzmärkte ins Wanken. Die Niedrigzins-Politik hat die Zentralbanken in eine Sackgasse geführt, aus der sie bei steigender...

"The Essential Guide to Critical Development Studies provides an up-to-date and authoritative introduction to the field, challenging mainstream development discourse and the assumptions that underlie it. Critical development studies lays bare the economic, political, social and environmental...

"An ecofeminist criticism of neoliberalism, this book uses economic growth, CSR and the press coverage of environmental affairs as a case study. The author argues that CSR is part of a wheel of neoliberalism that continually perpetuates inequality and the exploitation of women and Nature. Using...

A History of a Self-Immolating Idea -- Collective Economics -- How Neo-Propertarianism Conquered the World -- Casting The False Prophets of Growth Out of the Economic Temple -- Social Growth -- The Broken American Labor System -- The Hell of American Healthcare -- The Social Climate --...

"This book introduces Marx as a political philosopher to the 21st-century reader. Comprehensive, accessible, and engaging in equal parts, it presents an unconventional reinterpretation of class struggle. Maffettone sheds light on Marx the individual, the intellectual, the political leader and...