Homo Economicus and Dethronement of the Profit Principle (tags)
Max Frisch summarized economism int he formula: "what brings profit is rational." Economism is a business ethics conception, a justification theory for profit maximization that declares ethics superfluous. Ultimately this is an "ethic" without morality.
Economic Ethics After the Crisis (tags)
Peter Ulrich is an emeritus professor of Economic Ethics at the University of St. Gallen, Switzerland and author of Integrative Economic Ethics (2008). The economy should be embedded in society; society should not be embedded in the economy. The invisible hand is a myth to be unmasked.
"There is an alternative to profit maximization" (tags)
The economy should be a part of life, not a steamroller crushing creativity and self-determination. The economy should be embedded in society; society should not be privatized and confiscated by the economy. The public sector must be expanded to create jobs.
Miguel d'Escoto's Last Address as President of the 63rd UN General Assembly (tags)
A new world is possible and a new economics is necessary! As prejudice and narcissism can be gradually overcome, breaking the chains of profit worship, monopoly capital and empire building can bring hope and a new day for all people.
"The gigantic blackout (that will certainly not be the last) was a direct consequence that the US is so exemplary in the special neoliberal disciplines privatization and lower costs..Profit maximization at any cost leads to abstract cost cutting pressure." From German