Dieser Beitrag skizziert ein wirtschaftsethisches Gesprächsangebot an die Theologie. Aus der Perspektive des ordonomischen Ethik-Ansatzes werden methodisch drei kategoriale Denkfehler identifiziert: ein intentionalistischer, ein moralistischer und ein individualethischer Fehlschluss. Sodann...

We present a model of neighborhood effects in wage payment delays. Positive feedback arises because each employer’s arrears affect the late payment costs faced by other firms in the same local labor market, resulting in a strategic complementarity in the practice. The model is estimated on...

An evolutionary perspective on economic behavior has to account for the influences that the human genetic endowment has on the choices the agents make. Likely to have been fixed in times of fierce selection pressure, this endowment is presumably adapted to the living conditions of early humans....

The focus of evolutionary economics is a process of continuous economic and organizational change. Currently there is no agreement on the explanation of economic evolution. Rather there are competing interpretations. To achieve a common understanding of economic evolution, from the perspective...

We analyze a model of wage delay in which strategic complementarity arises because each employer’s costs of violating its contracts decrease with the arrears in its labor market. The model is estimated on panel data for workers and firms in Russia, facilitating identification through fixed...

„Folk Economics“ ist die Wirtschafts-‚Theorie‘ und analog ist „Folk Ethics“ die Moral-"Theorie" des gesundes Menschenverstandes. Typisch für „folk-economic beliefs“ sind fehlerhafte Kausalattributionen. Typisch für „folk-ethical beliefs“ sind utopische oder dysfunktionale...

„Folk economics“ is the economic ‘theory’ of common sense, and analogously „folk ethics“ is the moral ‘theory’ of common sense. Typical of „folk-economic beliefs“ are erroneous causal attributions. Typical of „folk-ethical beliefs“ are utopian or dysfunctional criteria...

From Aristotle to Ricardo and Menger, economists have emphasised the function of money as a medium of exchange together with the intrinsic qualities that increase its saleability and credibility as a most liquid store of value. But the social institution of money co-evolves with technology. It...

Schumpeter, a century ago, argued that boom-and-bust cycles are intrinsically related to the functioning of a capitalistic economy. These cycles, inherent to the rise of innovation, are an unavoidable consequence of the way in which markets evolve and assimilate successive technological...

The aim of this paper is to account for both the short-run fluctuations and the very-long run transformations induced by technological change in analysing long-run growth patterns. The paper investigates the possible imprint left by short-run fluctuations on the long run dynamics by affecting...