The purpose of this article is to develop an ordonomic conceptualization of corporate citizenship and new governance that (a) provides a framework for positively explaining the political participation of companies in new governance processes and (b) does not weaken but instead strengthens the...

This short essay on financial speculation with agricultural commodities offers (1) a survey of the real economy factors that caused recent hunger crises, (2) an overview of academic research on the impact of index-based financial speculation on agricultural futures markets, and (3) a discussion...

In the last decades, NGOs have become an important participant in the work of political organizations (e.g., national authorities, the EU or the UN). This development brings many opportunities and also some challenges, including discourse failure which is one of the topics discussed in this...

“Ordonomics” is a research program that has been developed at the Chair of Economic Ethics at Martin Luther University Halle-Wittenberg. It holds that business actors (persons and organizations) can employ morality as a “factor of production”, and that business ethics can be based on a...

It is the nature of powerful ideas that they can summarize a ground-breaking concept in a plain and simple message. In this sense, the concept of sustainability is a very powerful idea. However, although the sustainability debate has already brought about considerable conceptual progress, a...

Economic ethics is a research program that employs instruments of economic analysis in order to reflect upon problems of morality, e.g. the legitimization of market and state in shaping individual conduct. From the perspective of economic ethics, this paper examines the concept of social...

We ask how normative statements are possible within an economic theory framework that recognises the importance of institutional arrangements. Instead of applying established outcome-oriented criteria of social welfare, we examine whether the rules of economic interaction allow the acquisition...

Empirically, responsibility is a concept increasingly made use of in order to address societal issues. The debate on corporate social responsibility and corporate citizenship is a case in point. At the same time, it is a concept mainstream economics has, so far, hardly touched on. The paper...

Dieses Interview stellt einige grundlegende Thesen zur Diskussion, die aus der Perspektive des ordonomischen Forschungsprogramms hergeleitet werden. Die vorgestellten Überlegungen betreffen zum einen den Ukraine-Krieg, zum anderen die Klimapolitik. Beide Politikbereiche, so das Hauptargument,...