In this paper, I analyze cutaways of the current financial crisis against the background of normal accident theory, high reliability theory, and disaster incubation theory. To avoid future financial crises I recommend reducing pressures to make profit and organizing the global financial markets...

This experiment investigates decisions made by prospective economists and physicians in an allocation problem which can be framed either medically or neutrally. The potential recipients differ with respect to their minimum needs as well as to how much they benefit from a treatment. We classify...

Der Zustrom von Flüchtlingen nach Deutschland bestimmt seit Monaten die öffentliche Debatte. Nach der im Januar dieses Jahres durchgeführten Umfrage "Stimmungsbarometer zu Flüchtlingen in Deutschland" sieht etwas weniger als ein Drittel der Erwachsenen in Deutschland in der...

Mahnungen, die Finanzwirtschaft müsse sich wieder in den Dienst an der Realwirtschaft stellen, erinnern an traditionelle „Theorien des gerechten Preises“, in denen einträgliche Geschäftspraktiken mit fraglichem Wohlstandsbeitrag problematisiert wurden. Der Beitrag zeigt auf, dass diese...

The question of whether lawyers and managers behave selfishly or fairly has inspired discussion for a long time. Empirical evidence, however, is sparse. Using data from an experiment with 359 law and business administration students, we investigate this question empirically and provide first...

Criticism of the compensation practice of bonus payments was a key element of the public debate concerning the causes and consequences of the global financial crisis (GFC). Along with the criticism of bonuses in the financial and banking sector, the validity of the performance principle as a...

The article presents an empirical study of the legitimation of the market economy in the public sphere and examines whether criticism of the market economy has increased as a result of the euro crisis. The research results support the hypothesis of a transformation of the legitimacy basis for...

The changing nature of work these days has brought about issues of psychological well-being of employees affected by organizational change. The present study investigated the moderating effect of work values on the relationship between perceived job insecurity and psychological distress among...