"A much greater risk, it seems to me, is that all kinds of much needed discussions about the structure of our economy, which have gained traction in recent years, will come to a halt again. In which sectors can the free market work well, and in which not? In the financial sector? In the health care sector? In the food sector? And under what conditions?"
The case for free trade is often based on the view that man is a rational and individualistic homo economicus. This article analyzes free trade from a broader, relational picture of mankind. After introducing this view, we discuss the blessings of free trade from this relational perspective. Next we explore three developments that put international trade under pressure. We investigate a number of policy options to prevent free trade from impairing interpersonal relationships.
Ding-dong. In the left corner we have the great champion Adam Smith, assisted by his charming assistant Deirdre McCloskey. In the right-hand corner his vile challenger Bernard Mandeville, accompanied by leftist groups shouting ‘boo!’ The fight can begin. Mandeville...
Interview with historical economist Floris Heukelom about the book "Measuring America; How Economic Growth Came to Define American Greatness in the Late Twentieth Century" (2010), by sociologist Andrew Yarrow.
Who are the losers of globalization? Many people claim that the rise of the three p’s (populism, patriotism and protectionism) is motivated by the fact that the benefits of globalization are unequally distributed over the population. But is this true?
The symposium 'From Ratrace to Relationships; Markets in Service of People' (11 April 2017) attracted about 170 participants. Videos are now available - unfortunately for non-Dutch people, six out of seven recordings are in Dutch.
In this talk, Graafland discusses reasons why market incentives for corporate social responsibility (CSR) of a business organization both crowd in and crowd out the intrinsic motivation of a director towards CSR.