Gesellschaftstheoretiker wie der Soziologe Niklas Luhmann machen darauf aufmerksam,dass es in der modernen Gesellschaft zu systematischen Diskrepanzen zwischenSemantik und Sozialstruktur kommt. Solche Diskrepanzen – also Fälle, in denen Sozialstrukturund Semantik nicht zueinander passen –...

Dieser Beitrag enthält ein Interview zur Wirtschafts- und Unternehmensethik sowiezwei konzeptionelle Anhänge: Das Interview befasst sich mit der wachsendenBedeutung der Wirtschafts- und Unternehmensethik für die Managementforschung und–ausbildung. Zudem diskutiert es Methoden sowie Inhalte...

Dieser Beitrag enthält ein Interview zur Wirtschafts- und Unternehmensethik sowiezwei konzeptionelle Anhänge: Das Interview befasst sich mit der wachsendenBedeutung der Wirtschafts- und Unternehmensethik für die Managementforschung und–ausbildung. Zudem diskutiert es Methoden sowie Inhalte...

Drawing on an ordonomic approach, this paper argues that a theory of global justiceshould incorporate as a pivotal cornerstone a theory of corporate citizenship whichconstructively addresses business firms as agents of social value creation. We arguethat, instead of relying exclusively on...

We use a panel vector autoregressions model to examine the coevolution of changes in happinessand changes in income, health, marital status as well as employment status for the BritishHousehold Panel Survey (BHPS) data set. This technique allows us to simultaneously analyzethe impact of the...

Schumpeter’s and Hayek’s view of market coordination as being not aboutefficiency, but about endogenous change and never-ending discovery has beenincreasingly recognized even by the mainstream of economics. Underlying this view isthe notion of creative learning agents who bring about...

People not only obtain utility from actual outcomes but also from the conditionswhich lead to these outcomes. The paper proposes an economic concept of this notion ofprocedural utility. Preferences beyond outcome can be manifold. We distinguish proceduralutility people get from institutions as...

We consider a two-person Cournot game of voluntary contributions to a public good with identicalindividual preferences, and examine equilibrium aggregate welfare under a separable, symmetric andconcave social welfare function. Assuming the public good is pure, Itaya, de Meza and Myles...

A set of agents with possibly different waiting costs have to receive the same service one after theother. Efficiency requires to maximize total welfare. Equity requires to at least treat equal agentsequally. One must form a queue, set up monetary transfers to compensate agents having to...

For two independent principles of intergenerational equity, the implied discount rate equals the growthrate of real per-capita income, say 2%, thus falling right into the range suggested by the U.S. Office ofManagement and Budget. To prove this, we develop a simple tool to evaluate small policy...