There has been an intense debate as to the effects of offshoring and global value chains on labor, with the debate centering around possible negative employment and income effects for the low(er) skilled in advanced economies. Although sociological and psychological research has shown that...

In this paper, we examine students' attitudes towards various allocation mechanisms for a scarce resource. For this purpose, we have run a survey among officers of the German military who are enrolled in different courses of study (such as economics) at the University of the German Federal Armed...

Political reforms can be understood as the reconfiguration of formal institutions. The rational choice of formal institutions is the core topic of the New Institutional Economics research program. While bounded rationality is a core assumption of the New Institutional Economics and the reason...

Kapitalismus sieht sich seit je her drei moralisch artikulierten Vorwürfen ausgesetzt: Er führe (a) zur Verelendung der Arbeiter, (b) zur Zerstörung der Umwelt und (c) zum Verfall der Sitten. Zieht man empirisch Bilanz, sind nicht alle dieser Vorwürfe berechtigt, ganz im Gegenteil: (a) Im...

Folk Economics' ist die Wirtschafts-'Theorie' und analog ist 'Folk Ethics' die Moral-"Theorie" des gesundes Menschenverstandes. Typisch für 'folk-economic beliefs' sind fehlerhafte Kausalattributionen. Typisch für 'folk-ethical beliefs' sind utopische oder dysfunktionale Bewertungsmaßstäbe....

Folk economics' is the economic 'theory' of common sense, and analogously 'folk ethics' is the moral 'theory' of common sense. Typical of 'folk-economic beliefs' are erroneous causal attributions. Typical of 'folk-ethical beliefs' are utopian or dysfunctional criteria for moral judgments. The...

Millions of people in the developing world lack access to curative drugs. Thomas Pogge identifies the cause for this problem in a lack of redistribution across borders. By contrast, this article shows that institutional shortcomings within developing countries are the main issue. The different...