Merits and Limits of Markets

The 1997 Symposium of the Egon-Sohmen-Foundation, which gave rise to this book, took place in the United States, on the East Coast between New Y C)rk and New Haven, more precisely in Stamford (Conn.). The original choice had been a place close to Yale University, where Egon Sohmen taught economics f...

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Bibliographic Details
Other Authors: Giersch, Herbert (Editor)
Format: eBook
Language:English
Published: Berlin, Heidelberg Springer Berlin Heidelberg 1998, 1998
Edition:1st ed. 1998
Series:Publications of the Egon-Sohmen-Foundation
Subjects:
Online Access:
Collection: Springer Book Archives -2004 - Collection details see MPG.ReNa
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505 0 |a I. Individualism in a Social Context -- Self-Interest, Communalism, Welfarism -- Communitarian Approaches to the Economy -- Rational Choice and Human Agency in Economics and Sociology: Exploring the Weber-Austrian Connection -- The Role and Evolution of Beliefs, Habits, Moral Norms, and Institutions -- II. The Frontiers of Markets -- Privatization of Legal and Administrative Services -- Competition in the Market for Health Services and Insurance, with Special Reference to the United States -- Supplying and Financing Education: Options and Trends under Growing Fiscal Restraints -- Subsidization and Promotion of the Arts -- III. Normative Issues of Global Trade -- A Global Competition Policy for a Global Economy -- International Trade in “Bads” -- Social Standards and Social Dumping -- About the Authors 
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653 |a International Economics 
653 |a International economic relations 
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520 |a The 1997 Symposium of the Egon-Sohmen-Foundation, which gave rise to this book, took place in the United States, on the East Coast between New Y C)rk and New Haven, more precisely in Stamford (Conn.). The original choice had been a place close to Yale University, where Egon Sohmen taught economics from 1958 to 1960, subsequent to his period at MIT. But the hotel in New Haven was closed down by a new owner-to pass through a process of creative destruction. Change of ownership-on a large scale and as a transition from public to private hands-had been the topic of the preceding Egon­ Sohmen-Symposium (in Budapest in 1996) published under the head­ ing: Privatization at the End of the Century (Springer-Verlag, 1997). Yet mere change of ownership, some of us at the Foundation felt in subsequent months, was too narrow a focus to properly deal with the movement under consideration: a transition of ownership together with a general move towards a competitive market system charac­ terized by global openness, uncertainty, decentralized risk-bearing, and the increasing importance of information and innovation