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Finanzspekulation mit Agrarrohstoffen: Analyse und Bewertung aus wirtschaftsethischer Sicht

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  • Pies, Ingo
  • Will, Matthias Georg

Abstract

Dieser Beitrag nimmt aus wirtschaftsethischer Sicht Stellung zur gesellschaftlichen Debatte über die Finanzspekulation mit Agrarrohstoffen. Im ersten Abschnitt werden die realwirtschaftlichen Ursachen der starken Preissteigerungen erläutert, die in den letzten Jahren zu verzeichnen waren. Im zweiten Abschnitt wird erklärt, warum es ungerecht(fertigt) ist, passive Indexfonds als „Hungermacher“ an den Pranger zu stellen. Der dritte Abschnitt weist darauf hin, dass der aktuelle Moraldiskurs über Spekulation einige merkwürdige Besonderheiten aufweist, wenn man ihn im historischen Kontext betrachtet. Der vierte Abschnitt analysiert, inwiefern sich zivilgesellschaftliche Organisationen konstruktiv an der Bekämpfung des globalen Hungers beteiligen können, ohne irreführende Kampagnen zu betreiben, die gemessen an ihren eigenen moralischen Zielen kontraproduktiv sind.

Suggested Citation

  • Pies, Ingo & Will, Matthias Georg, 2013. "Finanzspekulation mit Agrarrohstoffen: Analyse und Bewertung aus wirtschaftsethischer Sicht," Discussion Papers 2013-24, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    • Handle: RePEc:zbw:mlucee:201324
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    File URL: https://www.econstor.eu/bitstream/10419/170410/1/dp2013-24.pdf
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    References listed on IDEAS

    as
    1. Pies, Ingo, 2013. "Ordnungsethik der Zivilgesellschaft: Eine ordonomische Argumentationsskizze aus gegebenem Anlass," Discussion Papers 2013-1, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    2. Ingo Pies & Matthias Georg Will & Thomas Glauben & Sören Prehn, 2015. "The Ethics of Financial Speculation in Futures Markets," World Scientific Book Chapters, in: Anastasios G Malliaris & William T Ziemba (ed.), THE WORLD SCIENTIFIC HANDBOOK OF FUTURES MARKETS, chapter 24, pages 771-804, World Scientific Publishing Co. Pte. Ltd..
    3. repec:zbw:iamodp:161078 is not listed on IDEAS
    4. Prehn, Sören & Glauben, Thomas & Pies, Ingo & Will, Matthias Georg & Loy, Jens-Peter, 2013. "Betreiben Indexfonds Agrarspekulation? Erläuterungen zum Geschäftsmodell und zum weiteren Forschungsbedarf [Do index funds speculate on agricultural futures markets? Explanatory notes on the busine," IAMO Discussion Papers 138, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
    5. repec:zbw:iamodp:158731 is not listed on IDEAS
    6. Prehn, S. & Glauben, T. & Loy, J.-P. & Pies, I. & Will, M.G., 2015. "Der Einfluss von long-only-Indexfonds auf die Preisbildung und das Marktergebnis an landwirtschaftlichen Warenterminmärkten," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 50, March.
    7. Sanford J. Grossman, 1977. "The Existence of Futures Markets, Noisy Rational Expectations and Informational Externalities," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 44(3), pages 431-449.
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    Cited by:

    1. Michael Hachula & Malte Rieth, 2015. "Finanzspekulation und Rohstoffpreise," DIW Roundup: Politik im Fokus 63, DIW Berlin, German Institute for Economic Research.
    2. Pies, Ingo, 2014. "Interview zur Moral der Finanzspekulation mit Agrarrohstoffen und zur Ordnungsethik der Zivilgesellschaft," Discussion Papers 2014-6, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.

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