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| Author: | Buscher, M. |
| Title: | Economic systems and normative fundaments: a social market economy in the light of economic ethics |
| Journal: | Journal of Socio-Economics
1993 : VOL. 22:4, p. 311-322 |
| Index terms: | ECONOMIC SYSTEMS SOCIAL ECONOMICS ETHICS |
| Language: | eng |
| Abstract: | In the normative foundation of a market system within the neoclassical paradigm an adequate basis to guarantee a socially and ecologically accountable regulation of the economic system? The article argues that the neoclassical approach - when it is referring to the classic liberal Adam Smith and the German ordoliberals - does not take into account the substantial historical change of the market framework and sociopolitical conditions. Influential concepts of economic systems prevail although their sociopolitical foundation has altered. |
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