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The Theory of Ethical Economy in the Historical School
The Historical School of Economics develops a historical theory of the economy and of business ethics. It investigates the ethical and cultural determinants of economic behaviour and economic institutions and forms an ethical and cultural theory of economics and business and the origin what, in the present, is called "institutional economics". Being one of the first comprehensive studies in the English language of the German "Historical and Ethical School of Economics", the book presents the theory from Wilhelm Roscher to Gustav Schmoller, the foundations of historism and the humanities of Wilhelm Dilthey and their present relevance. It also makes visible which impact the Historical School has for the foundations of contemporary business ethics and the cultural theory of the economy.
The Relational View of Economics
This book contributes to the development of a relational view of economics. Bringing together experts from various disciplines, it offers an interdisciplinary perspective on the study of relational transactions. In contrast to discrete market transactions as a traditional subject of economic discourse, the book analyses the role of relational transactions in the study of economic phenomena. The contributing authors address topics such as global intra- and inter-company networks, intersectoral stakeholder management, relational contracts, and transcultural management approaches. Accordingly, the book makes an important contribution to an emerging field of research.
Ethics in Economics, Business, and Economic Policy
This book presents an integration of the analysis of symbo- lic, ethical, and cultural meaning into the theory of econo- mic action. It demontrates that the scope of economics is widened by the inclusion of the cultural and ethical determinants of economic action and by bringing the ethical and cultural factors back into economics and management science. The book's contribution to business ethics and economic ethics lies in its distinctly continental European background which is often overlooked in current discussions of economic theory. The papers in this volume point to a mutual interpenetration of economics and ethics in a new synthesis of "ethical economy".
Interiors and Interiority
Veranschaulichungsformen von Innerlichkeit finden in der Moderne in Darstellungen des Interieurs ihr prägnantes Bild. Die Beiträger der Publikation untersuchen die Verbindungen zwischen architektonischen Innenräumen, visuellen und literarischen Darstellungen von Interieurs und dem Konzept der Innerlichkeit vom 18. Jahrhundert bis heute. Jene Darstellungen sind Effekt, aber auch Produzenten spezifischer Vorstellungen von Innerlichkeit als einer, wenn nicht der subjektkonstituierenden Praxis der Moderne.
Cognition, Rationality, and Institutions
Institutions are rules that are supported by various enforcement mechanisms. Cognition refers to the process of how men perceive and process information, whereas rationality refers to how these processes are modelled. Within institutional economics there is a growing scepticism towards extending the conventional economic frame of analysis to institutions. In particular, the notion of perfect rationality is increasingly questioned. At the same time human cognition has become a major field of research in psychology. This book explores what institutional economics can learn from cognitive psychology regarding the proper modelling of rationality in order to explain institutional change.
The Growth Spiral
This book develops a new theory of the modern economy. Conventional economic theory is (still) based on an essentially static notion of equilibrium. In contrast, this book offers an analysis of the economic process based on a truly dynamic approach. It understands modern economic activity as manifesting itself in a growth spiral. There are two main drivers of the dynamics of this spiral: steady money creation in the banking system, on the one hand; and the continuous inflow of energy and raw materials through the exploitation of natural resources, on the other. Both driving forces are generally neglected by the conventional theory. Understanding their role is absolutely essential for preventing our economy from being more and more exposed to financial and ecological crises. This book offers important insights about the functioning of the modern economy and addresses the specialist as well as the interested lay reader.
Current Challenges for Corporate Finance
Strategic corporate finance? This sounds like a paradox at first. After all, corporate finance means responding to the financial markets. Strategy, on the other hand, aims to change and shape the environment in the long term. Lately, though, more and more managers and investors appear to be breaking the laws of the capital market. At the same time, corporations are discovering new ways to not just react to the capital markets, but to actively shape them. The authors show that these violations are not isolated occurrences, but part of a paradigm shift. If companies want to stay successful in changing markets, they have to take a strategic approach to corporate finance. The authors use practical examples to demonstrate how this can be achieved. This book is intended not only for corporate finance experts, but also for students interested in the latest developments on the financial markets.
Green Growth, Smart Growth
We find ourselves at a crossroads between environmental disaster and a new industrial revolution: a shift from the ruthless exploitation of nature toward cooperation with it. Decoupling economic growth from environmental consumption is an ambitious goal, but also an achievable one. ‘Green Growth, Smart Growth’ outlines a way forward in this great transformation, and does so in the conviction that the dangers posed by climate change can be overcome through a new approach to economics, innovation and proactive policymaking.
