Titlebook: Ethical Reflections on the Financial Crisis 2007/2008; Making Use of Smith, Wilfried Ver Eecke Book 2013 The Author(s) 2013 Adam Smith.Busi

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https://doi.org/10.1007/978-3-642-35091-7Adam Smith; Business ethics; Financial crisis; Free market economy; Merit goods

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Wilfried Ver EeckeProvides ethical arguments for the necessary role of the government for a well-functioning economy.Generalizes the applicability of Musgrave’s concept of merit goods by connecting this concept to the

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Ethical Reflections on the Financial Crisis 2007/2008978-3-642-35091-7Series ISSN 2191-5504 Series E-ISSN 2191-5512

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Das Therapieende als Ende einer Beziehung, fact that notwithstanding Adam Smith’s defense of the free market, he also points to a role for the government in promoting a well-functioning economy. I quote Adam Smith’s argument for the necessity of governmental oversight of banking. We contrast this to Greenspan’s naive belief in self-regulati

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Das Energiewirtschaftsproblem in Bayern the pin-factory. Smith attributes this great productivity to the division of labor which allows workers to specialize and which encourages them, out of self-interest, to look for machines to help in their work. On the demand side, the new economy relies on the human tendency to barter where self-in

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Das Englische Währungs-Experiment The concepts of public and merit goods need to be added. I reduce the eighteen different characteristics of public goods, found in the economic literature, to the two crucial ones of non-rivalness in consumption and non-exclusion possibility of non-payers. I build upon the partial insight of Samuel

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