"Wieder einmal am Scheideweg: Durch die Krise werden Grundfragen der Ökonomie virulenter"
, in WKO, in Wirtschaftspolitische Blätter, Vol. 57, Nummer 3, Seite(n) 117-138, 9-2010, ISSN: 0043-6291
Wieder einmal am Scheideweg: Durch die Krise werden Grundfragen der Ökonomie virulenter
Sprache des Titels:
At crossroads again: Through the crisis basic economic questions have turned more acute
Though the recent crisis has surprised most and hurt many people due to its barb, neither the long standing basic views about the economy have been properly debated, nor has a noteworthy degree of policy adaption been firmly introduced. Apparently, the economic mainstream is being left fundamentally unaltered, but it will have to accept being reproached for its failure to assess the instability of a complex liberalised financial and globalised economic system. The following controversies are provocatively put to the fore again: the relative usefulness of analytic approaches, the danger of a one-sided orientation to single analytical time periods and respective viewings, the solution of common concerns through private coordination, government versus market failure, financial market impact on the real sector, distribution, redistribution and welfare (growth), employment and the social concern, consumer sovereignty versus market power, glocalisation as well as private versus public finance. Finally, a factually lived variety of economic approaches is pleaded for.