IDEAS home Printed from https://ideas.repec.org/p/zbw/mlucee/201121.html
   My bibliography  Save this paper

Vita consumenda oder Vita activa? Edmund Phelps und die moralische Qualität der Marktwirtschaft

Author

Listed:
  • Hielscher, Stefan

Abstract

Dieser Beitrag interpretiert Edmund Phelps – insbesondere in seinem Spätwerk – als einen wichtigen Impulsgeber der Wirtschaftsethik. Die These lautet, dass sich für Phelps die moralische Qualität der Marktwirtschaft nicht in erster Linie daran bemisst, dass sie den Mitgliedern der Gesellschaft als Konsumenten ein historisch gesehen ungeahnt hohes Wohlstandsniveau sichert und ihnen somit – im Sinne einer vita consumenda – gleichsam ein Leben in Reichtum ermöglicht. Vielmehr zeigt der Beitrag, dass Phelps‘ zufolge die Mitglieder der Gesellschaft von einer dynamischen Marktwirtschaft in allererster Linie als Produzenten profitieren, weil sie ihr Leben – im Sinne einer vita activa – in Freiheit gestalten und damit ihre kreativen Fähigkeiten und ihre persönlichen Talente bestmöglich entwickeln können. Auf diese Weise trägt ein dynamischer Kapitalismus wesentlich dazu bei, das bis auf die Antike zurückgehende Ideal persönlicher Selbstvervollkommnung zu erreichen.

Suggested Citation

  • Hielscher, Stefan, 2011. "Vita consumenda oder Vita activa? Edmund Phelps und die moralische Qualität der Marktwirtschaft," Discussion Papers 2011-21, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    • Handle: RePEc:zbw:mlucee:201121
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/170357/1/dp2011-21.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ingo Pies & Markus Beckmann & Stefan Hielscher, 2010. "Value Creation, Management Competencies, and Global Corporate Citizenship: An Ordonomic Approach to Business Ethics in the Age of Globalization," Journal of Business Ethics, Springer, vol. 94(2), pages 265-278, June.
    2. Phelps Edmund S., 2009. "Refounding Capitalism," Capitalism and Society, De Gruyter, vol. 4(3), pages 1-12, December.
    3. Pies, Ingo & Beckmann, Markus & Hielscher, Stefan, 2009. "Sozialstruktur und Semantik - Ordonomik als Forschungsprogramm in der modernen (Welt-)Gesellschaft," Discussion Papers 2009-6, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    4. Edmund S. Phelps, 1973. "Taxation of Wage Income for Economic Justice," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 87(3), pages 331-354.
    5. Edmund Phelps & Gylfi Zoega, 2009. "Entrepreneurship, Culture and Openness," Chapters, in: David B. Audretsch & Robert E. Litan & Robert Strom (ed.), Entrepreneurship and Openness, chapter 4, Edward Elgar Publishing.
    6. Edmund S. Phelps, 2008. "Understanding the Great Changes in the World: Gaining Ground and Losing Ground since World War II," International Economic Association Series, in: János Kornai & László Mátyás & Gérard Roland (ed.), Institutional Change and Economic Behaviour, chapter 4, pages 77-98, Palgrave Macmillan.
    7. Edmund S. Phelps, 1968. "Money-Wage Dynamics and Labor-Market Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 76, pages 678-678.
    8. Edmund S. Phelps, 1968. "Population Increase," Canadian Journal of Economics, Canadian Economics Association, vol. 1(3), pages 497-518, August.
    9. Phelps, Edmund, 2007. "The Good Economy: Vitalism in Aristotle, Cervantes and Bergson, and Economic Justice in Kant and Rawls," Revista de Economía Política de Buenos Aires, Universidad de Buenos Aires. Facultad de Ciencias Económicas., issue 2, pages 9-20, December.
    10. Pies, Ingo & Hielscher, Stefan & Beckmann, Markus, 2009. "Moral Commitments and the Societal Role of Business: An Ordonomic Approach to Corporate Citizenship," Business Ethics Quarterly, Cambridge University Press, vol. 19(3), pages 375-401, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Committee, Nobel Prize, 2006. "Edmund Phelps's Contributions to Macroeconomics," Nobel Prize in Economics documents 2006-1, Nobel Prize Committee.
    2. Will, Matthias Georg & Hielscher, Stefan, 2013. "How do companies invest in corporate social responsibility? An ordonomic contribution for empirical CSR research," Discussion Papers 2013-3, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    3. Pies, Ingo & Hielscher, Stefan & Everding, Sebastian, 2020. "Do hybrids impede sustainability? How semantic reorientations and governance reforms can produce and preserve sustainability in sharing business models," Journal of Business Research, Elsevier, vol. 115(C), pages 174-185.
    4. Pies, Ingo & Beckmann, Markus & Hielscher, Stefan, 2012. "The political role of the business firm: An ordonomic concept of corporate citizenship developed in comparison with the Aristoleian idea of individual citizenship," Discussion Papers 2012-1, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    5. Ingo Pies & Philipp Schreck & Karl Homann, 2021. "Single-objective versus multi-objective theories of the firm: using a constitutional perspective to resolve an old debate," Review of Managerial Science, Springer, vol. 15(3), pages 779-811, April.
    6. Matthias Georg Will & Stefan Hielscher, 2014. "How do Companies Invest in Corporate Social Responsibility? An Ordonomic Contribution for Empirical CSR Research," Administrative Sciences, MDPI, vol. 4(3), pages 1-23, July.
    7. Suchanek Andreas, 2012. "Unternehmensverantwortung als Vermeidung relevanter Inkonsistenzen / Corporate Responsibility: The Avoidance of Relevant Inconsistencies," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 63(1), pages 241-260, January.
    8. Markus Beckmann & Stefan Hielscher & Ingo Pies, 2014. "Commitment Strategies for Sustainability: How Business Firms Can Transform Trade‐Offs Into Win–Win Outcomes," Business Strategy and the Environment, Wiley Blackwell, vol. 23(1), pages 18-37, January.
    9. Edmund S. Phelps, 2010. "Makroekonomia dla nowoczesnej gospodarki," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 3, pages 79-109.
    10. Will, Matthias Georg & Hielscher, Stefan, 2012. "How do companies invest in corporate social responsibility? An ordonomic contribution for empirical CSR research," Discussion Papers 2012-2, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    11. Pies, Ingo, 2011. "Regelkonsens statt Wertekonsens: Die Grundidee des politischen Liberalismus," Discussion Papers 2011-20, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    12. Pies, Ingo & Beckmann, Markus & Hielscher, Stefan, 2009. "Competitive markets, corporate firms, and new governance - An ordonomic conceptualization," Discussion Papers 2009-13, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    13. Beckmann, Markus, 2009. "The social case as a business case: Making sense of social entrepreneurship from an ordonomic perspective," Discussion Papers 2009-15, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    14. Pies Ingo & Sass Peter, 2011. "Wie sollte die Managementvergütung (nicht) reguliert werden? – Ordnungspolitische Überlegungen zur Haftungsbeschränkung von und in Organisationen / How Managerial Compensation Should (not) be Regulate," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 62(1), pages 231-268, January.
    15. Pies, Ingo & Sass, Peter, 2011. "Wie sollte die Managementvergütung (nicht) reguliert werden? Ordnungspolitische Überlegungen zur Haftungsbeschränkung von und in Organisationen," Discussion Papers 2011-2, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    16. Pies, Ingo & Hielscher, Stefan, 2019. "Fighting corruption: How binding commitments of business firms can help to activate the self-regulating forces of competitive markets," Discussion Papers 2019-04, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    17. Pies, Ingo, 2011. "Karl Homanns Programm einer ökonomischen Ethik – "A View From Inside" in zehn Thesen," Discussion Papers 2011-1, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    18. Felix Carl Schultz & Robert Jaroslav Reinhardt, 2022. "Facilitating systemic eco‐innovation to pave the way for a circular economy: A qualitative‐empirical study on barriers and drivers in the European polyurethane industry," Journal of Industrial Ecology, Yale University, vol. 26(5), pages 1646-1675, October.
    19. Howard R. Vane & Chris Mulhearn, 2010. "Wywiad z Edmundem S. Phelpsem," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1-2, pages 1-18.
    20. Paul Shrivastava & Silvester Ivanaj & Sybil Persson, 2013. "Transdisciplinary Study of Sustainable Enterprise," Business Strategy and the Environment, Wiley Blackwell, vol. 22(4), pages 230-244, May.

    More about this item

    Keywords

    Marktwirtschaft; Wirtschaftsethik; Unternehmensethik; Ordonomik; Market Economy; Economic Ethics; Business Ethics; Ordonomics;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:mlucee:201121. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/wwhalde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.