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great transformation

Karl Polanyi on Unfettered Capitalism (tags)

Karl Polanyi condemned profit greed and deregulated markets. Today's capitalism critics are his heirs and don't know it. An unfettered capitalism is responsible for the world coming out of joint. "Finance capital was put in the driver's seat."

Against Market Radicalism (tags)

Capitalism is not "the end of history" as the American Francis Fukuyama postulated in 1992. The system question is open! The economy should be re-embedded in society. What seems rational in microeconomics collides with the irrationality of maximum profits as en end-in-itself

Survival instead of Profit (tags)

Capital is a powerful machine of commodification. Since the capitalist market economy became autonomous and "separated" from society, capital has only functioned according to its own laws, the impersonal laws of profit and accumulation.

The "Great Transformation" of the 21st Century (tags)

An end of the Great Crisis is not insight at the beginning of the 21st century... The regime of finance-market driven accumulation has not brought forth any new formation of capitalism capable of development.

Charles Dickens as Economist (tags)

Ultimately the whole industrial revolution appears like a fairytale that becomes true. At the end of the 19th century, the GDP in England was six times as high as 1834. Human possibilities of life and consumption improved to a tremendous extent. Dickens described this exciting process.

Life after the Peak: Capitalism and the Market Economy (tags)

All over the world there are experiments with renewable energy, solidarity economies and non-profit economic forms. A growth acceleration law will be absurd when fossil energy runs out. We will need a growth de-acceleration law.

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.

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