rss_2.0Journal for Markets and Ethics FeedSciendo RSS Feed for Journal for Markets and Ethics for Markets and Ethics 's Cover FAQs zur Wirtschaftsethik in Wie wollen wir warum wirtschaften? Wer soll wo handeln? Hat Franziskus Recht?<abstract> <title style='display:none'>Abstract</title> <p>Pope Francis’ encyclical <italic>Fratelli tutti</italic> (2020) is also interesting from a business ethics perspective. In terms of a systematic analysis, it seems promising to distinguish three different perspectives that are well established in academic business ethics. The three perspectives can be operationalized using three corresponding questions. How do we want to do business and why? Who should act and where? Is Pope Francis right? Following these questions, the paper highlights the key aspects of Francis’ business ethics in FT and beyond and establishes some cross-references to the current, especially German-speaking discourse on business ethics.</p> </abstract>ARTICLE2022-04-30T00:00:00.000+00:00Stakeholder Management, Cooperatives, and Selfish-Individualism<abstract> <title style='display:none'>Abstract</title> <p>We analyze stakeholder management (STM) relative to cooperation and individualism within the fourth industrial revolution (FIR). STM is a recent corporate governance tool boosting cooperation and allowing representativeness of individualistic behaviors even in dialectical environments. Though forerunning it, cooperatives massively use STM now, while the FIR demands cooperation also at non-cooperative enterprises. We reach two main conclusions. Deeper orientation towards STM helps solve the shareholder management (SHM) crisis. Moreover, exemplifying the benefits of STM towards social and environmental goals, cooperatives can inspire also other companies aiming to reduce the negative externalities of SHM and profit from cooperation within the FIR.</p> </abstract>ARTICLE2022-04-30T00:00:00.000+00:00Digital Platforms and Competition Policy: A Business-Ethical Assessment<abstract> <title style='display:none'>Abstract</title> <p>The debate around ‘big tech’ and competition law and policy has gained traction over the past few years – not least because of the various ongoing antitrust investigations in China, Europe, and the U.S. This paper builds on the renewed interest in the topic and discusses the key characteristics of digital markets, the business models and strategies of major tech platforms such as Amazon, Apple, Facebook, and Google, and the corresponding antitrust issues. It does so by utilizing a distinct business ethics perspective, i.e., ordoliberalism. By doing so, the paper not only aims to enrich the current debate on big tech and antitrust; it also intends to illustrate the continuing relevance and importance of ‘German neoliberalism’ in the 21<sup>st</sup> century.</p> </abstract>ARTICLE2022-04-30T00:00:00.000+00:00Wie werden Ethik und ethisches unternehmerisches Handeln gegenüber den Stakeholdern kommuniziert? Eine Analyse der Geschäftsberichte der DAX30 Unternehmen<abstract> <title style='display:none'>Abstract</title> <p>Our content analysis of the reporting of the DAX30 companies shows that the focus is primarily on compliance, codes of conduct, company-specific sustainability, CSR and corporate citizenship programs. Ethics and sustainability departments are positioned close to the board of directors and company management, which emphasizes the strategic relevance from a company perspective. The results help to summarize and compare the communication between companies and their stakeholders in the context of ethics and to identify potential for improvement.</p> </abstract>ARTICLE2022-04-30T00:00:00.000+00:00UBI in Times of Crisis: The Net Basic Income Discussing the Case of Germany<abstract> <title style='display:none'>Abstract</title> <p>The measures taken to contain the Covid-19 pandemic have resulted in, among other things, massive loss of earnings. Many people are therefore increasingly experiencing an income crisis in addition to the acute health crisis. Permanent existential insecurity remains for too many despite the numerous aid packages. The principle of need-based assistance and the determination of need for the provision of aid are proving to be insufficient. In the current crisis, earned incomes are affected most of all due to the measures taken. This leads to an asymmetric distribution of the crisis-induced burdens and thus to an asymmetric distribution of risks and burdens between performance-related and non-performance-related income, which exacerbates the redistribution in favor of capital income. The model of net basic income (NBI) shows one way to come to a solution of these problems in the crisis. Every adult person in Germany receives a monthly unconditional basic income of e.g. 550 Euros (calculated in this approach) during the crisis period. This amount is supplemented by the suspension of rent, lease, repayment and interest obligations during this period of income loss. The amount of money paid to each person is the net share of the crisis basic income. The household savings from suspending rent, lease, principal, and interest payments is the gross. After the crisis, the NBI can be raised to a full participatory UBI as economic momentum increases. In step with this, rental, lease and capital services are to be paid again in full contract amount.</p> </abstract>ARTICLE2022-04-30T00:00:00.000+00:00Why an Unconditional Basic Income is Highly Problematic – General Considerations and Quantitative Implications for the Case of Germany<abstract> <title style='display:none'>Abstract</title> <p>The concept of an unconditional basic income is not new, but it is still the subject of much controversy. This paper looks at the quantitative effects of introducing an unconditional basic income, using Germany as an example. It examines the financial implications and other major problems of an unconditional livable income measure. The analysis shows that an unconditional basic income at the level generally called for by its proponents would require massive tax increases and thus a substantial redistribution of income from the middle and upper ends of the income scale downward.</p> </abstract>ARTICLE2022-04-30T00:00:00.000+00:00Der Wert der Arbeit: Theologische und sozialethische Überlegungen zum Bedingungslosen Grundeinkommen<abstract> <title style='display:none'>Abstract</title> <p>In this paper I start from the biblical justification of the value and dignity of work (I), which is unique in the entire ancient world. At the same time, it leads to an overall biblical clarification of the image of man, so that man, who was expelled from paradise, is at the same time appreciated in his participation in the cultivation of the earth (I.1). The consequences for a Christian work ethic up to the Catholic Social Teaching (I.5) are explained, as is the decline of this understanding of work in the course of industrialisation and unleashed capitalism (I.4.). In the second part, the Unconditional Basic Income (II) is explicated in its multifactorial affinities, economically, legal-theoretically, socio-philosophically and in view of the global world situation. Finally (III), a summary is drawn that outlines alternative forms of the UBI in the world of work.</p> </abstract>ARTICLE2022-04-30T00:00:00.000+00:00Helicopter Money: Central Banks as Spenders of Last Resort?ührungsethik Sozialer Marktwirtschaft Ein systematischer Leitfaden für eine Mikro-Marko-Perspektive<abstract><title style='display:none'>Abstract</title><p>Ein Leitfaden wird als Modell vorgestellt, mit dessen Hilfe Führungsethik von Führungstheorie unterschieden und eine an den Wertegrundlagen Sozialer Marktwirtschaft orientierte Führungsethik identifiziert werden kann. Theoretische Konzepte lassen sich mit dieser Makro-Mikro-Perspektive daraufhin überprüfen, ob sie einen Verantwortungsdualismus von Effizienz- und Humanziel in der Führungskultur schlüssig bestimmen. Mithilfe von vorgeschlagenen Prinzipien und Perspektiven kann so in vier Schritten eine Führungsethik in der normativen Linie Sozialer Marktwirtschaft von davon abweichenden Modellen unterschieden werden.</p></abstract>ARTICLE2018-06-21T00:00:00.000+00:00Ludwig Erhards Konzept der sozialen Marktwirtschaft und seine wettbewerbstheoretischen Grundlagen<abstract><title style='display:none'>Abstract</title><p>Erhards Konzeption einer sozialen Marktwirtschaft durch marktwirtschaftlichen Wettbewerb ist auch heute noch wegweisend. Doch wurde die Idee des Sozialen im Programm der Sozialen Marktwirtschaft mit der Zeit verfälscht. Zudem beruht Erhards Konzept auf einer wettbewerbstheoretischen Grundlage – dem neoklassischen Modell der vollständigen Konkurrenz –, die seinen wohlstandsfördernden Intentionen zuwiderläuft. Erhards Position stimmte mit derjenigen der Freiburger Schule (Walter Eucken, Franz Böhm) nur teilweise überein, unterscheidet sich aber ebenso in wesentlichen Punkten vom Denken der Österreichischen Schule der National-ökonomie (Ludwig von Mises, Friedrich August Hayek) und deren dynamisch-evolutionärem Verständnis von Wettbewerb. Gerade für eine im Sinne Erhards wettbewerbsorientierte Konzeption der Sozialen Marktwirtschaft erscheint das Österreichische Verständnis von Wettbewerb als das realitätsnähere und adäquatere.</p></abstract>ARTICLE2018-06-21T00:00:00.000+00:00Steuerungsethik lauteren Wettbewerbs und Protestantismus – Ein Beitrag zur ideengeschichtlichen Diskussion<abstract><title style='display:none'>Abstract</title><p>Based on actual advancements of historical research on Smith and Luther, the thesis of protestantism concerning the roots of competitive capitalism is being confirmed, but modified by aspects of paradigmatic revolution to individualistic anthropology. The present paper analyses the Lutheran theology of justification as a special kind of contingency doctrine and shows historical developments from Luther to Thomasius, Smith and Kant. As to the history of paradigma effects of individualism, European origins of competition ethics of responsibility can be shown, which do not refer to market performance or imperformance, but to accountability in sense of risk identification and risk control. Unfair competitive actions, therefore, are to be legally interdicted as unethical competition behaviour when market risks are transferred to market partners or to third persons without good reasons of risk control. Some further conclusions can be made to ethical rules of banking and companies’ law as well as to the general law of commerce.</p></abstract>ARTICLE2018-06-21T00:00:00.000+00:00Revisiting Carr’s Business Bluff: Opinions on the Ethics of Playing the Game<abstract> <title style='display:none'>Abstract</title> <p>This article is a response to Albert Carr’s business bluff compared to a poker game article in the Harvard Business Review “<italic>Is Business Bluffing Ethical? The Ethics of Business are not Those of Society, but Rather Those of the Poker Game</italic>”. Opinions are given on the ethical dilemmas which are deemed legal and acceptable in the business world by Carr.</p> </abstract>ARTICLE2021-09-06T00:00:00.000+00:00Die postkeynesianische Ökonomik in der Finanzethik des katholischen Sozialethikers Bernhard Emunds – Diskussion aus einer angebotsorientierten Perspektive<abstract> <title style='display:none'>Abstract</title> <p>Bernhard Emunds, a German Catholic social ethicist, is engaged in research into financial markets. This article introduces post-Keynesianism as his economic foundation, followed by a description of conclusions Emunds draws about the regulation of financial markets. Thereafter, implications of the post-Keynesian framework are contrasted with those of supply-side economics. The article finally appraises the suitability of post-Keynesianism as an economic foundation for Catholic social teaching.</p> </abstract>ARTICLE2021-09-06T00:00:00.000+00:00Rezension zu: Sautter, Hermann: Verantwortlich wirtschaften: Die Ethik gesamtwirtschaftlicher Regelwerke und des unternehmerischen Handelns the Greek debt sustainable? Analyzing three different scenarios for the forthcoming period 2018–2022<abstract><title style='display:none'>Abstract</title><p>In this paper, we attempt to estimate the development of the Greek public debt for the period 2018–2022. In order to achieve this, we analyze three different fiscal scenarios that are based on the official data available, together with our estimations that are based on a specific conceptual framework that we develop. The three scenarios are based on a different mixture of Gross domestic product (GDP) growth rates and budgetary surpluses of GDP. The analysis concludes that the numerical outcome is almost the same in all three case scenarios. However, the third scenario is the best since it leads to higher growth, GDP, and less austerity measures, and thus making public debt sustainable in the long run. The third scenario also provides the best combination of the trade-off between austerity and growth. We conclude by discussing some policy measures.</p></abstract>ARTICLE2020-01-10T00:00:00.000+00:00Soll die Betriebswirtschaftslehre die Interessen anderer Akteure explizit berücksichtigen?<abstract><title style='display:none'>Abstract</title><p>Business administration argues that means-end-analysis in the interest of firms does not need to take the interests of other actors into account. Its implicit or explicit reason is that there is a harmony between firm goals and the interests of other actors. This study objects from a critical rationalist perspective that such harmony hypotheses are not empirically confirmed. Because of this, actors are not truly free to pursue their own interests. Instead, this study argues that actors on markets are allowed to pursue their own interests as long as they consider the legitimate interests of other actors at the same time. The study goes on to show how business administration should analyze means-end-statements that try to realize this market value.</p></abstract>ARTICLE2020-01-10T00:00:00.000+00:00Wirtschaft ohne Ethik? Eine ökonomischphilosophische Analyse Marktwirtschaft und die Flüchtlingsfrage<abstract><title style='display:none'>Zusammenfassung</title><p>Auslöser meiner Überlegungen ist die akute Flüchtlingskrise. Es spricht manches dafür, dass sich diese Krise nicht einfach mit einigen administrativen Maßnahmen der Zuwanderungsbeschränkung in kurzer Frist in Luft auflösen wird. Vermutlich ist sie Symptom für eine neue Welle der weltweiten Angleichung von Lebensbedingungen, die sich unter anderem in großen Wanderungen niederschlägt. Es ist dann im Interesse des Nordens diesen Angleichungsprozess zu beschleunigen, um so den Anreiz des Wanderns aus dem Süden in den Norden zu dämpfen. Eine zentrale Komponente des nördlichen Erfolgsmodells, die Soziale Marktwirtschaft, sollte daher möglichst rasch globalisiert werden. Diesem Ziel einer möglichst zügigen Verwirklichung einer Global-Sozialen Marktwirtschaft dient am besten ein Kulturwandel im Süden in Richtung auf das das nördliche Erfolgsmodell. Dieser Kulturwandel kann vor allem angestoßen werden durch Exporterfolge des Südens in den Norden. Hierzu eignet sich eine Außenwirtschaftspolitik des Nordens, die einen Exportüberschuss des Südens hervorbringt und auf diese Weise im Süden möglichst viele produktive Arbeitsplätze schafft. Der Norden würde von einer solchen Politik nicht nur deshalb gewinnen, weil auf diese Weise der Süd-Nord- Wanderungsdruck gemildert wird. Darüber hinaus kann der Norden auch durch eine verbesserte internationale Arbeitsteilung gewinnen. Allerdings ist es für den Erfolg einer solchen Politik auch erforderlich, dass sich der Norden auf die damit verbundenen institutionellen Veränderungen einlässt. Insbesondere muss akzeptiert werden, dass sich die komparativen Vorteile in der Güterproduktion verschieben und dass auch Institutionen wie zum Beispiel die staatliche Schuldenbremse modifiziert, grundlegend geändert oder ganz abgeschafft werden.</p></abstract>ARTICLE2018-02-01T00:00:00.000+00:00Inhaltsverzeichnis Migration Good for an Economy? A Survey of the Main Economic Effects<abstract><title style='display:none'>Abstract</title><p>This article surveys the main effects of labor migration between two countries. Against the background of high immigration to industrialized countries in recent years, notably to countries in Europe, the focus of the discussion is on the host country of the migrants. In the standard model of labor migration, there are overall benefits when wage differentials trigger labor migration. However, in the presence of externalities and deviations from the basic assumptions, the results can be significantly different.</p></abstract>ARTICLE2018-02-01T00:00:00.000+00:00en-us-1