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The transition from plan to market in China has been almost completed without any master-plan. The paper proposes to … political constraints of transition. A framework for analyzing evolutionary political economy is developed, which pays …
Persistent link: https://www.econbiz.de/10014054267
This chapter proposes a geocentric turn in economics that aims at radically transforming the performative functions of economics in contemporary capitalism: Inspired by an expression of John Stuart Mill, I outline the idea of the Earth as a ‘community of advantage’. The argument proceeds in...
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Most taxonomies of economic systems are dualistic, such as distinguishing between ‘plan' and ‘market'. Following A. Sen, I argue that these approaches fall into the trap of ‘transcendental institutionalism'. As an alternative, the paper develops principles of evolutionary taxonomy that...
Persistent link: https://www.econbiz.de/10012984629
This paper explores the conditions under which a moral disposition is rewarded, in the sense of moral people being more prosperous than amoral people. The analytical framework is a general equilibrium model in which production is more lucrative for moral people than for amoral people, but in...
Persistent link: https://www.econbiz.de/10011503996
This paper explores the conditions under which a moral disposition is rewarded, in the sense of moral people being more prosperous than amoral people. The analytical framework is a general equilibrium model in which production is more lucrative for moral people than for amoral people, but in...
Persistent link: https://www.econbiz.de/10014135176
Persistent link: https://www.econbiz.de/10000775475