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ulrich thielemann

Unemployment and New Ways (tags)

The rise of unemployment worldwide has reached unparalleled dimensions. In 1999, 700 million were affected. The neoliberal economic theory promotes the prosperity of the rich, not society as a whole. Profit maximization is often the only goal. Reducing working hours is vital.

Unemployment and Inequality (tags)

"The past will devour the future" if there is no radical change of direction in economic development. That is Thomas Piketty's prediction. Piketty sees the solution in a global capital tax or wealth tax.

Wealth is not a Private Affair (tags)

The US faces a revenue- and a war-spending crisis. The top tax rate was over 70% from 1938 to 1982; corporations put trillions in tax havens. Alternative economics emphasize profit maximizing is not profit making. In financial capitalism,Profits explode, not investments.

Growth Criticism and Social-Ecological Transformation (tags)

Unlike a chair, an idea can be shared by a whole people. Words can be like spears breaking frozen souls. (Kafka) Education is the great transformer (John Kenneth Galbraith). Economics as taught today is like brainwashing. (Ulrich Thielemann) Incentives to investing in the real economy are vital after the phase of credit- and bubble prosperity.

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.

Profit-Making is Different Than Profit-Maximizing (tags)

Discussions of jobs and the economy are often marked by trivialization, distortion, unreality and wishful thinking, The neoliberal model promotes profits, not investments and rationalization and digitalization lead to mass unemployment. System analysis and market failure are often glossed over

In the Whirlpool of Deregulation (tags)

The economy changed from real- to finance capitalism since the 1970s. This was not an accidental development. The economic researcher Stephan Schulmeister sees a pattern where deregulation created problems that were fought with more deregulation.

Market-conforming Democracy (tags)

Market-conforming democracy," Angela Merkel's guiding idea, is a pleasant-sounding description of plutocracy where the forms still exist but their substance is "financialized," where myths of privatization. corporate beneficence and self-healing markets are zombie gods.

Studying Economics Today is Like Brainwashing (tags)

The blind trust in efficient markets must be replaced and bankers given a new understanding. Profit making is different than profit maximization. Banks should be a public function, not a casino and the real economy and the environment not abandoned.

Who is Saving Whom: Debunking the business case for ethics (tags)

Ulrich Thielemann is a professor of business ethics at the University of St. Galen, Switzerland.

Fallen Stars: On the Greed of Bankers and a New Morality (tags)

The economic ethicist Ulrich Thielemann explains how greed, false theories and the herd instinct caused the massive financial crisis. They had the theory when we make profits that is ultimately good for everyone.

"The banking crisis is scandalous" (tags)

As financial meltdown hits Europe, a business ethicist tells swissinfo why a "radical change in fundamental economic doctrines" is necessary.

Economism, Economic Ethics and Donations (tags)

Economism is the great ideology of our time. It claims that (1) resisting the market is impossible and (2) submitting to the market is best for everyone. Both are not true. Embedding the market in principles of useful-ness to life has a priority as an ordering task.

"Managers Do Not Only Serve Shareholders" (tags)

"It is not legitimate to exploit every conceivable outsourcing chance. It is not legitimate to declare jobs superfluous to realize double-digit profits.. Profit cannot be the only maxim of good entrepreneural conduct.."

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