Journal of Contextual Economics-Schmollers Jahrbuch最新文献

{"title":"Pandemic Politics within a System of Entangled Political Economy","authors":"Marta Podemska-Mikluch, R. Wagner","doi":"10.2139/ssrn.3682167","DOIUrl":"https://doi.org/10.2139/ssrn.3682167","url":null,"abstract":"This essay uses entangled political economy to explore how concerns over Covid-19 have influenced conduct within the public square. Entangled political economy represents a merging of ideas that Frank Knight (1933) and Harold Lasswell (1936) set forth to indicate that politics and economics dealt with the same societal material. We explore the relationship between entanglement and public reason within a context of Michael Polanyi’s (1962) conceptualization of a Republic of Science. The point of our paper is not to offer some critique of particular policy measures but to advance our understanding of how democratic societies operate in stressful times.\u0000It seems patently clear that Covid-19 presents some difficult problems of public health regarding a sometimes-lethal contagious disease that spreads through personal interaction. Times of crisis like that which many people think Covid-19 presents surely amplifies the challenges that policy formation presents to democratic societies. Our interest in this paper, however, lies not in selecting among different policies that people have proposed to combat the pandemic. Rather, we explore the properties of different organizational arrangements through which contestation among political, economic, and scientific entities influence the emergence of societal outcomes. To do this, we adopt the approach of entangled political economy which Wagner (2016) summarizes. Entangled political economy contrasts with the standard notion of additive political economy. With additive political economy, political action is independent of economic action as is entailed in the presumption that political action offsets market failures. In contrast, with entangled political activity there is continual interaction between political and economic entities, sometimes to mutual advantage and sometimes not, but politics and economics do not represent distinct realms of activity in any case.\u0000At the core of our analysis lies recognition of the wisdom of Frank Knight’s oft-made remark that our most severe problem with knowledge does not lie in what we don’t know but rather lies in what we know that isn’t true. There might well be one best response to Covid-19, but there is no universal agreement about what that response might be. Many people claim to know what’s best, and not all of them can be right. In the face of such systemic ignorance, there is no effective option to relying on processes of social contestation to winnow down the possibilities. Hence, we focus on contestation within a policy-making processes that entails interaction among political, economic, and scientific entities. That contestation, moreover, cuts across different linguistic communities. The scientific community mostly uses languages grounded in concepts and categories of such fields as molecular biology, epidemiology, virology, and statistics. The commercial or economic community mostly works with languages grounded in revenue, costs, and profits. The political c","PeriodicalId":36775,"journal":{"name":"Journal of Contextual Economics-Schmollers Jahrbuch","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81762116","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"A Message from the Editors","authors":"","doi":"10.3790/schm.140.1.1","DOIUrl":"https://doi.org/10.3790/schm.140.1.1","url":null,"abstract":"","PeriodicalId":36775,"journal":{"name":"Journal of Contextual Economics-Schmollers Jahrbuch","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73858437","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Humanistic Economics of Krausismo","authors":"C. Dierksmeier","doi":"10.3790/schm.140.1.65","DOIUrl":"https://doi.org/10.3790/schm.140.1.65","url":null,"abstract":"Current efforts of reconciling economics with ethics, as exemplified by the works of Amartya Sen, may be assisted by a glance back into the history of ideas. A tradition typically overlooked in Anglo-American scholarship, the Spanish and Latin America movement of krausismo, proposed a conception of a humanistic economics already in the late 19th century. This article reconstructs the intellectual premises of said tradition, portrays its participatory agenda for an integration of ethical norms into economic policy in a selected case and concludes with reflections on how to advance an economics in tune with society’s normative aspirations.","PeriodicalId":36775,"journal":{"name":"Journal of Contextual Economics-Schmollers Jahrbuch","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85363204","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Journal of Contextual Economics – Schmollers Jahrbuch: Volume 140, Issue 1","authors":"","doi":"10.3790/schm.140.1","DOIUrl":"https://doi.org/10.3790/schm.140.1","url":null,"abstract":"","PeriodicalId":36775,"journal":{"name":"Journal of Contextual Economics-Schmollers Jahrbuch","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90742299","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Resource-Making and Proto-Institutions in the German Tafel Field: Applying a Hermeneutical Context Model","authors":"M. Haase, Ingrid Becker","doi":"10.3790/schm.140.1.31","DOIUrl":"https://doi.org/10.3790/schm.140.1.31","url":null,"abstract":"This paper studies resource making and the emergence of proto-institutions in Tafel Deutschland, an umbrella organization for more than 940 food banks or pantries in Germany, deploying a hermeneutical context model. Shedding light on value co-creation processes in the German Tafel field, we analyze how the activities and interpretations of or within Tafel organizations devoted to resource integration and resource making relate to their two missions and how their methods of dealing with conflict have led to the emergence of proto-institutions. The economic value co-created within in the Tafel field builds on the creation of social and ecological value. The context affects economic and social value co-created within the Tafel field differently: Whereas economic value rests on individual experience and perception, the social value resulting from the field actors’ activities is subject to dispute and defense.","PeriodicalId":36775,"journal":{"name":"Journal of Contextual Economics-Schmollers Jahrbuch","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73301622","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Fukuyama Was Correct: Liberalism Is the Telos of History","authors":"D. Mccloskey","doi":"10.3790/schm.139.2-4.285","DOIUrl":"https://doi.org/10.3790/schm.139.2-4.285","url":null,"abstract":"Liberalism, as Fukuyama assured in 1989, is the end the telos of history. “Liberalism” is to be understood as a society of adult non-slaves, liberi in Latin. It arose for sufficient reasons in northwestern Europe in the 18th century, and uniquely denied the hierarchy of agricultural societies hitherto. It inspired ordinary people to extraordinary acts of innovation, called the Great Enrichment. How “great:” a stunning 3,000 percent increase in real GDP for the poorest people, from 1800 to the present, and now spreading to China, India and the rest of the world. It was equalizing. For it to happen, there had to be an ideological liberalization à la Walter Lippmann. And yet it was opposed by a rising ideology of statism, from the New Liberals in Britain to the right and left populists today. We need to defend a liberalism that causes humans to flourish, and resist its proliferating enemies on the left, right, and center.","PeriodicalId":36775,"journal":{"name":"Journal of Contextual Economics-Schmollers Jahrbuch","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80471381","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Colloque Walter Lippmann: How to Rebuild the Foundations of Liberalism?","authors":"Arnaud Diemer","doi":"10.3790/schm.139.2-4.225","DOIUrl":"https://doi.org/10.3790/schm.139.2-4.225","url":null,"abstract":"While the re-foundation of liberalism is generally attributed to the Colloque Walter Lippmann, it should be recalled that the supporters of this renewed liberalism intended to stand together in the face of the advance of planism, the problem of industrial concentration, and the rise of the limited liability company. This paper focuses on the groups known today under the captions of French neoliberalism and German ordoliberalism who, at the Colloque and in the following decades, sought to bring together ideas and people with the objective of defining the foundations of a liberal society and state interventions compatible with the market.","PeriodicalId":36775,"journal":{"name":"Journal of Contextual Economics-Schmollers Jahrbuch","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75590267","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Idea Vacuum of Liberalism and the Quest for Meaning and Community","authors":"N. Karlson","doi":"10.3790/schm.139.2-4.259","DOIUrl":"https://doi.org/10.3790/schm.139.2-4.259","url":null,"abstract":"Liberalism is losing ground, while populist or even authoritarian nationalist regimes are on the rise. This article argues that the causes of the decline are, at least partly, endogenous, that a narrow focus on economic efficiency and the successful critique of socialism and the welfare state have created an idea vacuum that has opened up for these illiberal tendencies. The conclusion is that a central challenge for liberalism is to offer a comprehensive idea and narrative about meaning and community that is not socialist, conservative or nationalist, but distinctly liberal, to counter these developments.","PeriodicalId":36775,"journal":{"name":"Journal of Contextual Economics-Schmollers Jahrbuch","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78892336","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Endogenous Power and Crises of the Liberal Order","authors":"Richard Sturn","doi":"10.3790/schm.139.2-4.385","DOIUrl":"https://doi.org/10.3790/schm.139.2-4.385","url":null,"abstract":"The liberal order is conceptualized as an artificial public good of higher order associated with nondiscriminatory provision of first-order public goods such as security and stability of possession. Problems of the liberal order and of liberalism as a political force are explained as a combined result of political challenges endogenously emerging in the economic sphere (including modern phenomena such as incomplete contracts, network externalities, and asymmetries specifically relevant in the digital economy), intertwined with problematic political reactions. There is no robust algorithm for coping with ensuing vicious circles of economic power and shadow politics, due to the intricacies of institutional adaptations required for maintaining the basic architecture of the liberal order under changing circumstances. Conclusions are offered with regard to current challenges of protectionist populism.","PeriodicalId":36775,"journal":{"name":"Journal of Contextual Economics-Schmollers Jahrbuch","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75200850","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Revisiting the Tension Between Classical Liberalism and the Welfare State","authors":"Jan Schnellenbach","doi":"10.3790/schm.139.2-4.365","DOIUrl":"https://doi.org/10.3790/schm.139.2-4.365","url":null,"abstract":"A classical liberal market order relies on competition which, in a neoliberal perspective, should be supported by a government regulating the admissible degree of market power. Market competition itself is seen as an engine of innovation and growth. The downside of such a classical liberal market order is a lack of economic security for market participants. It is the very core of such an order that it enforces consumer sovereignty, but the demand articulated by consumers vis-à-vis single suppliers can be volatile. In this article, we revisit the classical liberal debate on means of providing economic security. We then discuss the problem in a contractarian framework that allows for conflicts between individual absolute values. We argue that political institutions that facilitate an open debate on these conflicting values are essential, and that attempts to derive optimal sizes of welfare states in a technocratic fashion are futile.","PeriodicalId":36775,"journal":{"name":"Journal of Contextual Economics-Schmollers Jahrbuch","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82917769","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}