Economic Systems and Normative Fundaments. The Place of Economic Ethics in the System's Debate in Reference to a Social Market Economy
Type
working paper
Date Issued
1992-01-01
Author(s)
Buescher, Martin
Abstract (De)
Is the normative fundament of a market system within the neo-classical paradigm an adequate basis to guarantee a socially and ecologically accountable regulation of the economic system? The argument of this paper will be that the neoclassical approach - when, i.e., referring to the classic liberal Adam Smith and the German ordoliberals - does not take into account the substantial historical change of the market framework and socio-political conditions. Influential concepts of economic systems prevail though their socio-political fundament has altered. The normative vacuum can be filled by a political economy that seeks to integrate institutional change and - given different contemporary fundaments - develops procedures of reintroducing the dialectic of economic and socio-political forces.
Language
German
HSG Classification
contribution to scientific community
Refereed
No
Subject(s)
Eprints ID
17202