For most scholars and practitioners, a market economy is, fundamentally, an economy of competition. Yet competition is a concept with a diversity of meanings and uses in economics, management, and theology. In this paper I argue that while the Christian worldview can integrate the macro-economic...

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...

This article assesses the performance of the Economic and Social Council of Argentina (ESC-A) over its two years of activity (2021-22). Our analysis focuses on the implantation of this new forum in the hierarchical institutional framework of Argentina's economy and, following the notion of...

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...

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...

Why does inequality vary across societies? Why are some societies more unequal than others? We advance the hypothesis that in a market economy, where income differentials reflect variations in productive traits, a significant share of cross-societal differences in inequality may reflect enduring...

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...

This article analyzes prices and value as constituting a theological problem in early and medieval Christian thought. First, it looks at the patristic critique of wealth and market prices and shows that such critique was rooted in a concern with a disordered world. Next, it moves on to medieval...

Dieser Aufsatz diskutiert die Stärken und Schwächen des Kapitalismus sowie der Kapitalismuskritik aus der wirtschaftsethischen Perspektive des ordonomischen Forschungsprogramms. Das Hauptargument lautet, dass vielen Menschen die Funktionsweise einer wettbewerblich verfassten Marktwirtschaft...

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...

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...

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...

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...

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...

Chapter 1: Introduction -- Chapter 2: Conventional State Asset Management -- Chapter 3: New Types of State Capital Management -- Chapter 4: The Temasek Model in Singapore -- Chapter 5: Corporate Governance under Mixed Ownership -- Chapter 6: The Brazilian Model -- Chapter 7: Conclusion.

Worldwide, politics are challenged to achieve economic stability, socialjustice, and ecological sustainability. These goals are often played offagainst each other,and some suspect that market economies (aka capitalism) are basically unable to solvethese dilemmas. This article explores the...

This paper investigates the long first decade of reform in China (1978-1992) to show that Mises, in particular his initiating contribution to the Socialist Calculation Debate, became relevant to the reconfiguration of China's political economy when the reformers gave up on the late Maoist...

Thirty years after the collapse of the Soviet Union, it is rather clear what transition policies have worked. Almost all the post-communist countries have become market economies and have achieved macroeconomic stability. Privatization was economically necessary, and its economic outcomes have...

Dieser Beitrag formuliert aus der wirtschaftsethischen Perspektive des ordonomischen Forschungsprogramms einige Denkanstöße, die dazu beitragen sollen, ein differen-zierte(re)s Moralurteil über „Kapitalismus“ zu entwickeln: Kapitalismus setzt Wettbe-werbsanreize ein, um...

Chapter 1: Evolution of Marketing and Its Impact on Society -- Chapter 2: Marketing Strategy for Sustainability -- Chapter 3: Technological Transformation in Human-Robot and Human-AI Ensembles in Marketing and Consumer Services: Activity Theory and a Socio-Cultural Framework -- Chapter 4:...

Wirtschaft in der DDR – das waren nicht nur die volkseigenen Kombinate, HO-Geschäfte und Genossenschaften, sondern auch eine Vielzahl kleiner privater Handwerksbetriebe, die in der Mangelwirtschaft Reparaturen, Dienstleistungen und Waren anboten. Als letzte Überreste privaten Wirtschaftens...

Die umweltpolitische Debatte leidet unter einem verbreiteten Diskursversagen. Zugrunde liegt eine Moralkonfusion. Sie verstellt der demokratischen Öffentlichkeit den Blick auf die ordnungspolitische Option, das moralische Anliegen einer nachhaltigen Entwicklung - inklusive Klimaschutz - durch...

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...

Leveraging Weiner's attribution theory of intrapersonal motivation at the micro level and varieties of capitalism theory at the macro level, we conduct a multi‐country and cross‐level study examining whether individuals' career goals (i.e., perceived importance of learning and development),...

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...

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,...

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...

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...