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Gerechtigkeit und Marktwirtschaft - das Problem der Arbeitslosigkeit

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  • Malte Faber
  • Thomas Petersen
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    Abstract

    This article offers a conceptual framework for analysing involuntary unemployment using the concepts of justice and income distribution within a market economy. Conventionally, it is argued that involuntary unemployment causes a deadweight loss in social welfare, because it involves the under-use of a productive resource. We explore this efficiency argument with a public choice approach, employing the notion of homo oeconomicus. We contrast this with a perspective using the concept of homo politicus, which stresses social justice. We apply our findings to the special case of German social reform, especially Hartz IV, and show that some of its policy recommendations are in accordance with our analysis. Copyright 2008 die Autoren Journal compilation 2008, Verein für Socialpolitik und Blackwell Publishing Ltd.

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    Bibliographic Info

    Article provided by Verein für Socialpolitik in its journal Perspektiven der Wirtschaftspolitik.

    Volume (Year): 9 (2008)
    Issue (Month): 4 (November)
    Pages: 405-423

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    Handle: RePEc:bla:perwir:v:9:y:2008:i:4:p:405-423

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    1. Faber, Malte & Petersen, Thomas & Schiller, Johannes, 2002. "Homo oeconomicus and homo politicus in Ecological Economics," Ecological Economics, Elsevier, vol. 40(3), pages 323-333, March.
    2. Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680, September.
    3. Ernst Fehr & Klaus M. Schmidt, . "A Theory of Fairness, Competition and Cooperation," IEW - Working Papers 004, Institute for Empirical Research in Economics - University of Zurich.
    4. M. Rabin, 2001. "Incorporating Fairness into Game Theory and Economics," Levine's Working Paper Archive 511, David K. Levine.
    5. Mueller,Dennis C., 2003. "Public Choice III," Cambridge Books, Cambridge University Press, number 9780521894753.
    6. Armin Falk & Urs Fischbacher, . "A Theory of Reciprocity," IEW - Working Papers 006, Institute for Empirical Research in Economics - University of Zurich.
    7. Faber, Malte & Frank, Karin & Klauer, Bernd & Manstetten, Reiner & Schiller, Johannes & Wissel, Christian, 2005. "On the foundation of a general theory of stocks," Ecological Economics, Elsevier, vol. 55(2), pages 155-172, November.
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