Opportunity instead of crises and End this madness! (tags)
Almost no one asks what an economic policy looks like that no longer subordinates everything to economic growth: How to reduce the debt mountain to a reasonable level without GDP growth? How can pensions be secured without GDP growth and employment be guaranteed?
Opportunity instead of crises and End this madness (tags)
History teaches that major course corrections usually emerge from crises. However, far-sighted economists and politicians should start thinking today about how to shape a future without debt crises, without ecological and social exploitation, and without compulsive growth.
There is an alternative to maximizing profits (tags)
In a new encyclical, the Pope denounces the pursuit of profit. The Sonntagszeitung spoke about this with the business ethicist Peter Ulrich. He defends the Holy Father, criticizes the managers and calls for economy for fifth graders..Financial products seek to make money out of money, without the inconvenient real economy.
Alternatives to Maximizing Profit and The Fragility of Power (tags)
We must look for the "signs of the times" that point to the coming of the Kingdom of God or, as John Holloway puts it, the signs "of the presence of the material power of the cry." The world of struggle against the instrumental power that oppresses and exploits often seems invisible.
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
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.
How Does Justice Come to the Economy? (tags)
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.
The Loss of Respect of the Economic Elite is Enormous (tags)
The embedding of the market and the economy in the civil society is the challenge of the 21st century. Tax shelters or havens must be closed. The wealthiest 400 Americans have more wealth than 150 million people. Time for Plan B, alternative economics and reduced working hours!
Justice Before Efficiency (tags)
The market economy must be bound to the principles of a fully-developed civil society. More is involved than a belated redistribution. A citizen is basically a social being. To overcome feudalism, precedence must be given to human- and civil rights over the power based on property.
"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.
The Financial and Economic Crisis as a Normative Orientation Crisis (tags)
Prof. Ulrich presents three core theses: (1) Economics is not an end-in-itself but the means to the good life and human coexistence. (2) There is no "free" enterprise system free of ethical and political prerequisites. (3) The need for emancipatory economic citizenship rights.
Globalization and the New Political Movements (tags)
Attac, a global justice network in many European countries, demands closing off-shore tax havens and debt cancellation for the third world. The word globalization has a function as a threat. Be flexible because capital is flexible and the state can do nothing!
Economic Policy after the Financial Crisis: Keynes (tags)
Keynes saw political control of markets and a distribution and social policy in favor of lower income groups as essential prerequisites of a stable long-term macro-economic development.. Three-hour workdays or a 15-hour week would be enough.
Faith in the Invisible Hand of the Market is Over (tags)
The people will not be so easily convinced of liberalization, deregulation and privatization. On the contrary, people will have a clearer consciousness of the primacy of politics. The false incentive systems in the businesses must be removed.
No Room for Grace: Book Review (tags)
If abundance of life for all people is the heart of the biblical vision, economic thinking focuses on the shortage of resources.. Not subjecting everything to the market-benefit-calculus is vital.
Humane Freedom and the Free Market (tags)
"MOre free market is a social-political program involving a redistribution of power and money - in favor of a few special interests of the already rich and powerful.."
Economic Growth Alone Cannot Solve Social Problems (tags)
One of the central questions of this century is: How will we deal with the losers of this economic dynamic so we don't ignore their status as free citizens?.. No country has ever solved social problems by means of economic growth alone.