Rezensionen

Ohne Zusammenfassung     

Schlußwort

Ohne ZusammenfassungMit diesem Schlußwort erklärt die Schriftleitung die Diskussion zwischen den Herren Conrad und Egner im Rahmen der Zeitschrift für Nationalökonomie als geschlossen.     

Das Konsumentenverhalten als Inflationsursache

Ohne Zusammenfassung     

The chasm ahead

When President Nixon returned from his European tour, he strongly urged the creation of a committee on the challenges of modern society, placed under deputy foreign ministers, whose task would be to “explore ways in which the experience and resources of the Western nations could most effectively be marshalled toward improving the quality of life of our peoples”. Such thinking is indicative of the new administration's awareness of the USA's responsibility in preventing the technology gap developing into an unbridgeable chasm. A most important new book^* suggests that true Atlantic solidarity, beyond mere lip service, would be the basis of a wider platform of co-operation between North America, Europe, the Soviet Union, and Japan, capable of dealing with a global problem in an integral way.     

Die gesamtwirtschaftlichen Funktionen der Werbung

Ohne ZusammenfassungDiese Arbeit geht auf einen Vortrag zurück, der in der Nationalökonomischen Gesellschaft in Wien im Oktober 1964 gehalten und im Walter-Eucken-Institut, Freiburg, im Mai 1965 wiederholt wurde. Ich bin in Wien den Herren Professoren A. Mahr und Th. Pütz, Herrn Universitätsdozent Dr. F. Redl () sowie Herrn Chefredakteur H. Knapp, in Freiburg den Herren Professoren F. A. v. Hayek, J. Heinz Müller und A. Oberhauser und Herrn Dr. J. Klaus sowie meinen Assistenten, Herrn Dvw. P. Richter, Herrn Dvw. K. Läufer und Herrn Dvw. F. Klosinski, und schließlich meiner Frau für wertvolle Anregungen verpflichtet.     

Ethics, morality and system management : An evolutionary perspective

A process (rather than a structural) viewpoint emphasises the evolution of a system. This evolution follows the same basic dynamics at all levels. Ethics provides an explicit framework for the advancement of evolution, and morality arises from tuning in to evolutionary dynamics. Management should thus be concerned with the management of change rather than with the maintenance of existing structures. In society, evolution is mediated by the creative individual. The alternative to the furthering of creative fluctuations is equilibrium-the equilibrium of spiritual, social, and cultural death.     

A Comparison of Models Describing the Impact of Moral Decision Making on Investment Decisions

As moral decision making in financial markets incorporates moral considerations into investment decisions, some rational decision theorists argue that moral considerations would introduce inefficiency to investment decisions. However, market demand for socially responsible investment is increasing, suggesting that investment decisions are influenced by both financial and moral considerations. Several models can be applied to explain moral behavior. We test the suitability of (a) multiple attribute utility theory (MAUT), (b) theory of planned behavior, and (c) issue-contingent model of ethical decision making in organizations. In an experimental setting, 141 participants traded company shares in a computerized asset market. Over 12 periods, companies varied in morality (i.e., treatment of employees) and in profitability (i.e., expected dividends per share). Participants’ bids and asks for shares were recorded. Results indicate that moral considerations influence investment decisions, controlling for profit. Differences between the three models are discussed.