Nachhaltigkeit und Ordnungspolitik in der Krise

Michels, Dr. Gerd (2010): Nachhaltigkeit und Ordnungspolitik in der Krise. Published in: West Ost Report , Vol. Volume, No. 1 (1 November 2010): pp. 60-71.

Abstract

The financial crisis challenges the economic system of the western sphere and its ethical, theoretical and economic foundations. It questions also its claim for superiority. The article reflects on the outcomes of its institutions and policies and it investigates these institutional outcomes by shedding light on its mechanistic foundations in policy and management. Following on from that, the underlying ,,logic of failure’’ is compared with an evolutionary and systemic management approach, that rests on a completely different understanding of ourselves and the environment. This policy and management approach explicitly focuses on the viability and sustainability of the system. Finally, major application fields are described and consequences are drawn for the respective goal definition and the process design transformation in business and public policy.

• Item Type: MPRA Paper
• English Title: Sustainability and Order Policy in Crisis
• Language: German
• Keywords: economic history, logic of failure, evolutionary economics, systemic management approach, reflexivity, decision making theory, sustainable institutions,
• Subjects: D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D53 - Financial Markets; B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B52 - Institutional ; Evolutionary; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E61 - Policy Objectives ; Policy Designs and Consistency ; Policy Coordination

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