This article illuminates a certain side of the modern economy which is beyond the reach of the traditional apparatus of economic theory: the complexity and lack of transparency of the modern economy - its ominous side for humankind and nature. By contrasting the economic understanding of...

This article offers a conceptual framework for analysing involuntary unemployment using the concepts of justice and income distribution within a market economy. Conventionally, it is argued that involuntary unemployment causes a deadweight loss in social welfare, because it involves the...