Economics Dictionary of ArgumentsHome
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| Market economy:; A market economy is an economic system where decisions regarding production, investment, and distribution are primarily guided by supply and demand. Private individuals and businesses drive the economy, engaging in trade and setting prices based on competition. Government intervention is limited, allowing for free exchange and fostering innovation and efficiency. See also Supply, Demand, Markets, Interventions, Interventionism, Trade, Competition._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Michael Sandel on Market Economy - Dictionary of Arguments
Mause I 180 Market Economy/Sandel: Sandel complains that Western economies "gradually stopped having a market economy and began to be a market society. The difference: a market economy is a tool - a valuable and effective tool - for organising productive activity. A market society, however, is a way of life in which the value system of the market has seeped into all aspects of human endeavour. It is a place where all social relations have become market-like." (1) See Markets/Sandel. 1. Michael Sandel, Was man für Geld nicht kaufen kann: Die moralischen Grenzen des Marktes. Berlin 2012. S. 17-18._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Sand I Michael Sandel The Procedural Republic and the Unencumbered Self 1984 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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