The notion of common good is not clearly defined. Globalisation as well as sustainable development refers to it. This paper recalls four main objections to globalisation, namely institutional contextualisation, experience from economic history, equity issues, and other normative assessments. It...

We study how inefficiencies of market failure may be further amplified by political choices made by interest groups created in the inefficient market. We take an occupational choice framework, where agents are endowed heterogeneously with wealth and talent. In our model, market failure due to...

We study how inefficiencies of market failure may be further amplified by political choices made by interest groups created in the inefficient market. We take an occupational choice framework, where agents are endowed heterogeneously with wealth and talent. In our model, market failure due to...

Dieses Interview gibt Auskunft über die normative Ambivalenz des zivilgesellschaftli-chen Sektors. Einerseits erfüllen NGOs wichtige wirtschaftliche und politische Funktio-nen. Sie stellen Güter und Dienstleistungen bereit. Und sie engagieren sich in der öffent-lichen Interessenvertretung....

The policy of environmental protection is based on a debate about values. This debate is shaped by a more fundamental issue concerning the boundaries between the public and the private spheres and between economic and social values as key references to environmental protection. This paper...

The policy of environmental protection is based on a debate about values. This debate is shaped by a more fundamental issue concerning the boundaries between the public and the private spheres and between economic and social values as key references to environmental protection. This paper...

Within the field of innovation studies, researchers have identified several market failures that hamper investment in R&D, innovation and growth in a market economy. Several policies such as government subsidies, tax deductions, soft loans, and public venture capital provided to firms that...

Dieser Artikel analysiert die deutsche Mindestlohndebatte aus ordnungsethischer Sicht. Diagnostiziert wird ein Diskursversagen, welche Politikversagen und Marktversagen nach sich zieht: Die öffentliche Meinungsbildung geriet in eine normative Schieflage, die Politiker unter Handlungsdruck...