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Multifunktionalität und das Dilemma der Liberalisierung

In: List Forum Band 32

Author

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  • Henry Wüstemann
  • Stefan Mann

Abstract

The term multifunctionality makes it clear that economic action is, indeed, constitutionally linked with a lot of externalities. From these externalities only some have a meaningful monetary value. And only in certain cases it is efficient to internalise them. We show that the reductionist approach of welfare economics is of steadily decreasing meaning due to a change of social values. By broading the scope of welfare econmics, negative aspects of free trade are traced which visualise a dilemma of liberalization.(Original text only available in german language)

Suggested Citation

  • Henry Wüstemann & Stefan Mann, 2006. "Multifunktionalität und das Dilemma der Liberalisierung," List Forum Chapter,in: List Forum Band 32, edition 1, volume 2, chapter 7, pages 120-136 List Gesellschaft e.V..
  • Handle: RePEc:lst:lfchap:32-07
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    Keywords

    Liberalization; welfare; externalities;

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