Crisis and Economic Education in Europe
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Programmheft 2019 Web - 5 Mb 4
Lecture Sunday 2019-09-22 Monday 2019-09-23 Room Time 13:00 15:00 16:30 19:00 09:00 11:00 11:30 12:30 13:45 15:00 17:00 19:00 Foyer Coffee Breaks 10:30 - 11:00, 16:30 - 17:00 KN 1: Paulinum Opening M. Petrova PD Gossen PD PD Audimax Core Con- Award / Central DIW ference Thünen L. Banks Albertina WS WS WS Vortrags- Mentoring Mentoring Econ. saal for Women for Women Consulting Albertina WS Fürsten- DFG zimmer HS 9 HS 13 OM: A01 OM: B01 HS 14 OM: B02 Inv. Session: HS 15 Econ. Theory HS 16 OM: A02 OM: B03 HS 17 OM: A03 OM: B04 HS 18 OM: A04 OM: B05 HS 19 OM: A05 OM: B06 HS 20 S 202 OM: A06 OM: B07 S 203 OM: A07 OM: B08 S 204 OM: A08 OM: B09 S 205 OM: A09 OM: B10 S 210 OM: A10 OM: B11 S 211 OM: A11 OM: B12 S 212 OM: A12 OM: B13 S 213 OM: A13 OM: B14 S 214 OM: A14 OM: B15 S 215 OM: A15 OM: B16 S 220 OM: A16 OM: B17 S 221 OM: A17 OM: B18 S 222 OM: A18 OM: B19 S 223 OM: A19 OM: B20 S 224 OM: A20 OM: B21 S 225 OM: A21 OM: B22 S 226 OM: A22 OM: B23 Jobmarket Jobmarket Jobmarket Jobmarket Jobmarket Jobmarket Jobmarket S 227 Seminar Seminar Seminar Seminar Seminar Seminar Seminar S 228 OM: A23 OM: B24 S 229 OM: A24 OM: B25 Reception Ring-Café Selten Award Restaurant Reception Felix Neues Rathaus WS = Workshop KN = Keynote OM = Open Meeting PD = Panel Discussion Lecture Tuesday 2019-09-24 Wednesday 2019-09-25 Room 09:00 11:00 12:30 13:45 15:00 16:45 19:00 09:00 11:00 11:30 12:30 13:45 15:00 16:15 8:00 - 9:00 Info Event AvH / Breaks 10:30 - 11:00, 16:30 - 16:45 Coffee Break 10:30 - 11:00 Foyer Paulinum PD 18:15 PD KN 2: PD PD KN 3: PD Lokalorg. -
Adam Smith on Morality and Self- Interest*
Adam Smith on Morality and Self- Interest* Affiliation Erasmus Institute for Philosophy and Economics, Erasmus University Rotterdam Keywords Virtue Ethics, Capitalism, Sympathy, Impartial Spectator, Prudence, Justice, Benevolence, Self-Command, Invisible Hand Abstract Adam Smith is respected as the father of contemporary economics for his work on systemizing classical economics as an independent field of study in The Wealth of Nations. But he was also a significant moral philosopher of the Scottish Enlightenment, with its characteristic concern for integrating sentiments and rationality. This article considers Adam Smith as a key moral philosopher of commercial society whose critical reflection upon the particular ethical challenges posed by the new pressures and possibilities of commercial society remains relevant today. The discussion has three parts. First I address the artificial separation between self-interest and morality often attributed to Smith, in which his work on economics is stripped of its ethical context. Second I outline Smith’s ethical approach to economics, focusing on his vigorous but qualified defence of commercial society for its contributions to prosperity, justice, and freedom. Third I outline Smith’s moral philosophy proper as combining a naturalistic account of moral psychology with a virtue ethics based on propriety in commercial society. Introduction These days Adam Smith is most familiar to us as an economist, and specifically as the defender of the famous Invisible Hand of free-market economics, wherein the private self- interested actions of private individuals, mediated through free markets, generate results that are good for all. The market-system comprehends the true level of demand for any good and provides the appropriate incentives – profits – for producers to adjust their output to match. -
Utility, Ethics and Behavior
Journal of Academic and Business Ethics Utility, ethics and behavior Marcela Parada-Contzen Universidad de Concepcion-Chile Jose R. Parada-Daza Universidad de Concepcion-Chile ABSTRACT This essay has the following hypothesis as its foundation: a new function taking a more global perspective can be developed based on the analytical economic conception of utility. However, this new hypothesis/perspective considers that individuals are driven to act by economic as well as social, religious, ethical, and other reasons. Thus, the crux of this exposition is an analysis of the concept of utility and its application towards daily acts. The essay also deals with the philosophical aspects of utility and its paradoxes and analyzes utility from the perspective of a biological being. This analysis is broader and includes the simultaneous actions of an economic human and a complex human. Keyword: Utility function, Emotional well-being, wealth, ethics, “homo economicus”, weights. Utility, ethics and behavior, Page 1 Journal of Academic and Business Ethics INTRODUCTION The study of what motivates individual acts, especially regarding economic decisions, offers an intellectual challenge for the human sciences. In economics, this matter has been studied using a methodology of normative analysis known as the utility function, in which people seek to obtain the maximum degree of satisfaction. Herein, utility is what each person obtains from a certain level of wealth or consumption. For those not instructed in economics, this idea creates distrust and is blamed for generating a society of individualistic and insatiable beings. Grounds for both supporting and distrusting this approach have been given. The utility function is an intellectual device for explaining personal economic behavior. -
Adam Smith's Contribution to Business Ethics, Then And
1 Running head: Smith's contribution to business ethics, then and now Adam Smith’s Contribution to Business Ethics, Then and Now Michael Gonin University of Lausanne Geopolis - 5132 Quartier Dorigny 1015 Lausanne Switzerland [email protected] +41 21 692 36 79 accepted for publication in Journal of Business Ethics Acknowledgement: This paper has been developed while the author had a PostDoc position within the University Research Priority Program Ethics at the University of Zurich. The feedbacks provided in the business ethics brownbags led by Markus Huppenbauer, as well as the insightful remarks from Guido Palzzo at the University of Lausanne, were precious contributions toward the final version of this article. 2 ABSTRACT Smith defines the business enterprise primarily as the endeavor of an individual who remains fully embedded in the broader society and subject to its moral demands. For him, the conceptions of the local community and its normative framework, of the enterprise, and of the individuals within it need to be aligned with each other and developed together. Over time, four processes have however led to a widening gap between the business world and the local community. These are (1) the dissemination of the corporate model, (2) the transformation of the entrepreneurial role toward an agency role, (3) changes in the ownership structure, and (4) changes in the relation to the local community. This article presents Smith's integrative conception of business and its contributions to the development of integrative theories of organizations and of business-society relations in the 21st century. Among others, it discusses the necessity to develop a normative-relational dimension of organizations that addresses the relations between the organization, its members (e.g., owners and managers), and the normative framework of the local community. -
Biases of Professional Exchange Rate Forecasts: Psychological Explanations and an Experimentally Based Comparison to Novices
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Leitner, Johannes; Schmidt, Robert; Bofinger, Peter Working Paper Biases of professional exchange rate forecasts: Psychological explanations and an experimentally based comparison to novices W.E.P. - Würzburg Economic Papers, No. 39 Provided in Cooperation with: University of Würzburg, Chair for Monetary Policy and International Economics Suggested Citation: Leitner, Johannes; Schmidt, Robert; Bofinger, Peter (2003) : Biases of professional exchange rate forecasts: Psychological explanations and an experimentally based comparison to novices, W.E.P. - Würzburg Economic Papers, No. 39, University of Würzburg, Department of Economics, Würzburg This Version is available at: http://hdl.handle.net/10419/48447 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu W. -
Last of the Schoolmen Natural Law and Social Justice in Karl Marx
chapter 8 Last of the Schoolmen Natural Law and Social Justice in Karl Marx George E. McCarthy In this essay, we will examine the influence of natural law theory on the early and later writings of Karl Marx in order to show the continuity between his nineteenth-century critical social theory and the classical and medieval tradi- tions. In his 1926 work, Religion and the Rise of Capitalism, Richard Tawney wrote in a relatively obscure and largely forgotten comment that Marx was the “last of the Schoolmen,”1 that is, last of the medieval natural law theorists fol- lowing in the footsteps from the twelfth to the fourteenth century of Pierre 1 Richard Tawney, Religion and the Rise of Capitalism (London: J. Murray, 1927). By character- izing Marx as the “last of the Schoolmen,” Tawney was referring to Thomas Aquinas’ labor theory of value and the continuity of traditions between Marx and neo-Aristotelian medieval Scholasticism. Tawney argued that Marx was the end of a long tradition of theorists that included the 13th-century theologian Thomas Aquinas, the 14th-century scholastic Henry of Langenstein, and the 16th-century Protestant reformer Martin Luther who made the point that the appropriate and “reasonable remuneration” of wages for a worker or merchant should be based on their labor and contribution to the common good. “The medieval theorist condemned as a sin precisely that effort to achieve a continuous and unlimited increase in material wealth which modern societies applaud as a quality, and the vices for which he reserved his most merciless denunciations were the more refined and subtle of the economic virtues” (pp. -
Crises in Europe and Challenges for Economic Education
Journal of Social Science Education © JSSE 2013 Volume 12, Number 2 ISSN 1 61 8-5293 Birgit Weber Editorial: Crises in Europe and Challenges for Economic Education Keywords: economic crisis, European crises, concepts, views and minds about European crises, economic education Since 2009 the European Union is facing a severe At such dynamically changing times, where eco- economic crisis. Does the current crisis reflect the nomy is affected by multiple crises and in which failure of the economic player or markets? Or does it also the discipline of economics critically reflects even reflect the failure of an entire economic system their limitations, it does not belong to the easiest inevitably culminating in speculative bubbles, tasks of economic education to provide with increasing economic inequality, always accompanied orientation, judgment, decision-making and action by severe crises? Or is it more of a failure of the according to economic situations, problems and political institutions that relinquished its power by phenomena. On the one hand, the crises generates the liberalization of financial markets, cancelling the quite considerable interest by their ubiquity, liability of financial institutions, becoming helpless particularly focusing on the other hand only on repair institutions of financial capitalism? Or is the fragments and dominant controversies of the European crisis “only” an extension of the global respective current situations. On the one hand, the financial crisis of 2008, which resulted in the rescue understanding of relationships and developments is of individual states, brought them to stumble complex and on the other hand, considerable themselves? Or does it just bring the design flaws of uncertainty and controversy of experts create the the European Monetary System to light? There is no impression of arbitrariness. -
Beatrice Weder Di Mauro
Beatrice Weder di Mauro INSEAD Ph: +65 6799 5388 1 Ayer Rajah Avenue Email: [email protected] 138676 Singapore CEPR Ph: +44 20 71838801 33 Great Sutton Street Email: [email protected] London EC1V 0DX, UK EMPLOYMENT AND EDUCATION: INSEAD, Singapore Research Professor, since 2018 DistinguisheD Fellow-in-ResiDence Emerging Markets Institute, since 2016 Center for Economic Policy Research (CEPR), London President, since 2018 Research Fellow, since 2003 University of Mainz, MainZ Professor of Economics Chair of Policy and International Macroeconomics, 2001–2018 German Council of Economic Experts, WiesbaDen Member, 2004–2012 University of Basel, Basel Assistant Professor of Economics, 1998–2001 United Nations University, Tokyo Research Fellow, 1997–1998 The World Bank, Washington Consultant for WorlD Development Report, 1996–1997 International Monetary Fund, Washington Economist Program, European Department 1994-1995, Fiscal Affairs Department, 1995–1996 University of Basel, Basel Lic rer pol 1989, Dr. rer pol 1993 TEMPORARY OR VISITING POSITIONS: INSEAD, Singapore Visiting Scholar, August–December 2015 European Commission, DG ECFIN, Brussels Fellow of Research Fellowship Initiative 2014–15 International Monetary Fund, Washington Research Department, Resident Scholar, April–September 2010 Visiting Scholar, April 1999, August 1999, March 2000, March 2002, October 2002, March 2003, October 2003, May 2006 National Bureau of Economic Research (NBER), CambriDge MA Visiting Scholar, March–April 2006 Federal Reserve Board of New -
'Informed Consent'? Household Survey Ethics in Development Research
What do you mean by ‘informed consent’? Household survey ethics in development research Anna Josephson Melinda Smale Assistant Professor Faculty Member Dept. of Agricultural and Resource Economics Dept. of Ag., Food, and Resource Economics University of Arizona Michigan State University [email protected] [email protected] The ethical conduct of research depends on the informed consent of research participants. Across North America, Institutional Review Boards (IRBs) attempt to guarantee that ethical standards are met and that researchers are familiar with the process of obtaining informed consent. However, incongruities exist across regions, particularly in the developing world. In this paper, we consider informed consent, as practiced by agricultural and applied economists. We examine informed consent material on IRB websites of land grant universities in the United States, as well as at the centers of the CGIAR. We also undertake a survey of researchers at universities to evaluate actual practice of informed consent practices. IRB regulations are clear but heterogeneous, with some universities and CGIAR centers without any ethical review process. Standards often emphasize process, rather than outcome. The lack of IRBs in some contexts and the particulars of the principles employed may fail to protect research participants. JEL Codes: A11, B41, C83, Q10 Keywords: ethics, informed consent, institutional review board, household survey, role of economists Thanks to Doug Gollin, William Masters, Jeffrey Michler, and Frank Place. 1 1. Introduction The ethical conduct of research relies on the informed consent of research participants. As such, much effort goes to ensure informed consent is practiced in survey work. Across North America, Institutional Review Boards (IRB)1 guarantee that relevant expectations are followed and that researchers are familiar with the process of obtaining informed consent. -
Governmental Intervention and Its Impact on Growth, Economic Development, and Technology in OECD Countries
sustainability Article Governmental Intervention and Its Impact on Growth, Economic Development, and Technology in OECD Countries Arik Sadeh 1 , Claudia Florina Radu 2, Cristina Feniser 3 and Andrei Bor¸sa 4,* 1 HIT, Holon Institute of Technology, Faculty of Technology Management, Holon 5810201, Israel; [email protected] 2 Faculty of Economic Sciences, Informatics and Engineering, Vasile Goldi¸sWestern University of Arad, 310025 Arad, Romania; [email protected] 3 Department of Management and Economic Engineering, Technical University of Cluj Napoca, 28 Memorandumului St., 400114 Cluj-Napoca, Romania; [email protected] 4 Department of Engineering, Faculty of Food Science and Technology, University of Agricultural Sciences and Veterinary Medicine Cluj-Napoca, 400372 Cluj-Napoca, Romania * Correspondence: [email protected]; Tel.: +04-0740166493 Abstract: The governments’ intervention in the economy impacts technological performance and sustainability. This role has become even more critical due to the COVID-19 situation and in the context of the continuous increase in resource consumption, which requires finding alternative solutions. We provide a comprehensive literature review about the state’s economic functions, redistribution of resources in society, and the role of state intervention in sustainability-related issues, giving a full description of the opinions and concepts primarily of economists. We propose to study governments’ interventions in their economy using budgetary resources on public expenditure, highlighting the leading factors in government policies using a suggested intervention index. The state’s intervention policy’s stability is measured via the intervention index’s partial autocorrelation function over the years. We collected data from OECD data sets and conducted a descriptive statistical analysis followed by panel data analysis. -
Why Economics Needs Ethical Theory
Why economics needs ethical theory by John Broome, University of Oxford In Arguments for a Better World: Essays in Honour of Amartya Sen. Volume 1 edited by Kaushik Basu and Ravi Kanbur, Oxford University Press, 2009, pp. 7-14 I Economics is a branch of ethics. At least, much of it is. Part of economics is pure science; it aims to account for the behavior of people and institutions in the economic arena. But more than most scientists, economists have their eye on practical applications. Most of them are interested in economic science because they are interested in finding better ways of running the economy, or of structuring the economic system, or of intervening or not intervening in the economy. All of that practical part of economics is a branch of ethics. Why? First, it is about how things ought to be done, which means it is normative. (By ‘normative’ I mean concerned with what ought to be done.) But merely being normative is not necessarily being ethical. You ought to clean your car occasionally. That is a normative requirement on you, but it is not an ethical requirement. It is not universally agreed just how the ethical is to be distinguished from the rest of the normative. But in contexts that involve conflicts between the interests of different people, normative claims are certainly ethical, and this includes virtually all normative claims that are made in economics. For example, to claim that the interest rate ought to go up raises a conflict of interest between lenders, who stand to gain by an increase, and borrowers, who stand to lose. -
2376Th PLENARY MEETING ASSEMBLY Monday, 6 October /975 THIR71ETH SESSION at 3.30 P.M: Official Records NEW YORK CONTENTS Tions
United Nations GENERAL 2376th PLENARY MEETING ASSEMBLY Monday, 6 October /975 THIR71ETH SESSION at 3.30 p.m: Official Records NEW YORK CONTENTS tions. ~y delegationj?i~s whole-heartedly in the many expressIOns ofappreCiatIOn for the complete dedication Agenda item 9: of the Secretary-General, Mr. Kurt Waldheim, and General debate (collli/ll/ed): th.e Secretariat as a whole, to the tasks connected Speech by Mr. Ghalib (Somalia) .. .. • .. .. .. .... .. .. .. 465 With peace and progress. Speech by Mr. Lievano (Colombia) ..... 471 4. I wi,sh to. exp~ess a~so, at this. st~ge, my Gov Address by Prince Norodom Sihanouk, Head of State of ernment s satisfactIOn WIth the continuing expansion Kampuchea (Cambodia), Chairman of the United National and effi.cacy of ~he co-operation which exists between Front of Kampuchea ................................. 475 the UOlted NatIOns and the Organization of African Agenda item 9: ,unity [OAU]. This co-operation has proved to be of General debate (colltillued): Immens.e value In all a~eas of development and it gives Speech by Mr. AI-Thani (Qatar) ..................... 479 heartenmg and practical support to the campaign Speech by Mr. Valencia Rodrfguez (Ecuador) 481 Speech by Mr. Carv<ijal (Chile) 485 against racial discrimination and colonialism. Agenda item 22: 5. The accession of new States to membership in Admission of new Members to the United Nations (COIl the United Nations brings us closer to the goal of till 11 ed): ~niversality. I am particularly happy to see the Repub. (a) Special report of the Security Council (A/10179, hc of Cape Verde, the Democratic Republic of Sao A/10238) 492 Tome and Principe and the People's Republic of Mozambique take their places as States Members President: Mr.