In this fictitious conversation Adam Smith (1723-90), who founded the science of political economy, talks to business ethics professor Peter Ulrich through the key passages of his work that his neoliberal interpreters are so fond of (not) quoting.

Epistemic arguments play a significant role in Hayek’s defense of market liberalism. Hisclaim that market competition is a discovery procedure that serves the common good is acase in point. The hypothesis of the markets’ efficient use of existing knowledge issupplemented by the idea that...

Vorliegendes Arbeitspapier beschäftigt sich mit den Möglichkeiten und Grenzen von Kennziffern zur Beurteilung der Wirtschaftslichkeit von öffentlich-rechtlichen Rundfunkanstalten.

Vorliegendes Arbeitspapier beschäftigt sich mit Finanzierungsformen, für lokale Sender zur Verfügung stehen und fragt, ob die erzielten dieser solcher Sender über einen längeren Zeitraum zu gewährleisten.

This paper focuses on market-like coordination mechanisms in Multi-Agent Systems (MAS) and business planning has been chosen as the application area. Several fundamental criteria are derived in order to evaluate marketlike coordination mechanisms. The central criterion is the efficient...