Human development is about expanding the choices human beings have to lead lives that they value and is captured by its capability sets which consist of various functioning vectors. The standard of living is then reflected in capability sets. This paper proposes some particular ways of measuring...

This paper studies the problem of burden sharing in countries that were forced to introduce severe budget cuts after the collapse of Lehman Brothers in 2008 which had unleashed a financial crisis in many industrialised countries of the Western world. We do not ask how the burden was actually...

Der vorliegende Band enthält die überarbeiteten Beiträge zweier Sitzungen des Ausschusses 'Wirtschaftswissenschaften und Ethik' im Verein für Socialpolitik. Dieser Ausschuß setzt sich aus Wirtschaftswissenschaftlern sowie Philosophen und Theologen zusammen. Karl Homann sowie Johannes...

Der neueste Band der Wirtschaftsethischen Perspektiven enthält die überarbeiteten Beiträge zweier Sitzungen des Ausschusses 'Wirtschaftswissenschaften und Ethik' im Verein für Socialpolitik. Dieser Ausschuss setzt sich aus Wirtschaftswissenschaftlern sowie Philosophen und Theologen zusammen....

In this paper we axiomatically characterize two recursive procedures for defining a social group. The first procedure starts with the set of all individuals who are defined by everyone in the society as group members, while the starting point of the second procedure is the set of all individuals...

In this paper, we examine the performance of the market mechanism by focusing on whether no one, in the "long-run", can be left behind with technological innovation in the economy. We show that the market mechanism with technological innovation unavoidably leaves some individuals behind. We...

In the presence of (at least locally) increasing returns to scale tech- nologies, the paper asks the question: does there exist an economic system which implements Pareto efficient allocations and respects the voluntary participation principle? To answer this question, the paper formulates an...