infonet-economy

I define and classify moral (or altruistic) behaviour and discuss the necessity of moral behaviour for the functioning of a market economic and a democratic political order. I also evaluate claims that moral behaviour is unnecessary. Moral behaviour can only be stable if certain conditions hold, including most importantly that moral requirements for citizens not be too high; only a…

This presentation reviews the economic interventions by governments and central banks in response to the 2007-2009 financial and economic crisis.

In the area of trade policy, we find that protectionism has increased substantially, with governments targeting in particular the products of declining industries and financial services. Nevertheless, spiralling protectionism as in…

In this paper we deal with two questions, (1) what are the origins of the current financial crisis, and (2) what did economists contribute, or why did economists fail to provide a convincing answer for the origins of the crisis, and possible solutions to overcome it? The economics profession apparently was unaware of the looming worldwide financial and economic crisis, and…

In this paper it is asked whether it is meaningful to state a ‘right to work' as a basic human right to be written down in the constitution, for example, whether working time should generally be reduced, and whether those who do not have (or find) a job should get a guaranteed minimal income. All three demands have to be rejected, at least in the radical form in which they are…