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This paper provides unheard direct evidence that comparisons exert a significant effect onsubjective well-being. It also evaluates the relative importance of different types ofbenchmarks...
Persistent link: https://www.econbiz.de/10005861346
The paper reviews the macroeconomic data describing the British economy from 1760 to1913 and shows that it passed through a two stage evolution of inequality. In the first half ofthe nineteenth century, the real wage stagnated while output per worker expanded. The profitrate doubled and the...
Persistent link: https://www.econbiz.de/10005870146
The paper reviews the macroeconomic data describing the British economy during theindustrial revolution and shows that they contain a story of dramatically increasing inequalitybetween 1800 and 1840: GDP per worker rose 37%, real wages stagnated, and the profit ratedoubled. They share of profits...
Persistent link: https://www.econbiz.de/10005870192
Der vorliegende Beitrag skizziert ein ordonomisches Diskussionsangebot zur Korruptionspräventiondurch und in Unternehmen. Hierzu nimmt er sowohl eine wirtschaftsethische(Korruptionsprävention durch Unternehmen) als auch unternehmensethische Perspektiveein (Korruptionsprävention in...
Persistent link: https://www.econbiz.de/10005870656
This article discusses how the theoretical perspective of ordonomics provides a frameworkfor better understanding and advancing the practice of social entrepreneurship.From an ordonomic perspective, the concept of social entrepreneurship offers a semanticinnovation (at the ideas level) whose...
Persistent link: https://www.econbiz.de/10005870662
The purpose of this article is to develop an ordonomic conceptualization of corporate citizenshipand new governance that (a) provides a framework for positively explaining thepolitical participation of companies in new governance processes and (b) does not weakenbut instead strengthens the...
Persistent link: https://www.econbiz.de/10005870677
Dieser Beitrag geht der Frage nach, wie Wissenschaft als Wissenschaft in einer Gesellschaftwirksam werden kann, wenn die Ideen der öffentlichen Meinung über die Gestaltungsmöglichkeitender Gesellschaftspolitik entscheiden. Die These dieses Beitragslautet, dass Ludwig von Mises‘...
Persistent link: https://www.econbiz.de/10005870680
’Nothing in business excites so much interest in the wider world as the pay of top executives.’ theEconomist wrote in a 2003 article titled ’Fat cats feeding - Executive pay’. Indeed, it seems thatthe dwindling heights to which CEO compensation has risen trigger stronger feelings than...
Persistent link: https://www.econbiz.de/10005870771
We study ultimatum and dictator experiments where the first moverchooses the amount of money to be distributed between the playerswithin a given interval, knowing that her own share is fixed. Thus, thefirst mover is faced with scarcity, but not with the typical trade-off betweenher own and the...
Persistent link: https://www.econbiz.de/10005870982
Specific functional forms are often used in economic models of distributions;goodness-of-fit measures are used to assess whether a functional form is appropriatein the light of real-world data. Standard approaches use a distance criterion based onthe EDF, an aggregation of differences in...
Persistent link: https://www.econbiz.de/10005871007