This paper departs from the standard abstract economics approach to health economics to develop a specifically contextualist approach to the subject emphasizing social and historical circumstances affecting health provision. Following Polanyi, it sees the economy as socially embedded and...

Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...

Standard economics omits the role of narratives (the stories that people tell themselves and others) when they make all kinds of decisions. Narratives play a role in understanding the environment; focusing attention; predicting events; motivating action; assigning social roles and identities;...

Standard economics omits the role of narratives (the stories that people tell themselves and others) when they make all kinds of decisions. Narratives play a role in understanding the environment; focusing attention; predicting events; motivating action; assigning social roles and identities;...

This paper aims to provide a thorough theoretical formalisation of the ‘slippery slope’ framework in order to highlight the effects and the macroeconomic implications of the dynamics between power and trust. In particular, the proposed model is able to differentiate between coercive and...

This paper analyzes the determinants of socially responsible investing (SRI) at the individual investor level. We examine data from an incentivized framed field experiment, which was part of a survey among a representative sample of financial decision makers in German households. Thus, we...

Das Instrument des Emissionshandelssystems (EHS) wird von Umweltökonom:innen an prominenter Stelle zur Bewältigung der ökologischen Krisen sowohl im wissenschaftlichen Diskurs als auch in der Politikberatung empfohlen. Wir arbeiten drei implizite normative Prämissen des Lehrbuchmodells eines...

We study the relationship between positional preferences (i.e., preferences concerning the relative rank or position in comparison to others) and narcissism. We distinguish two dimensions of narcissism: Narcissistic admiration captures self-enhancement through searching for being admired, and...

Ever since the beginnings of classical political economy in the early nineteenth century, economics has faced culturally based criticism from a long line of literary authors. This paper argues that the old literary criticisms are still relevant and can provide useful guidelines for economic...

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 Bewertungsmaßstäbe....