Nachhaltigkeit und Ordnungspolitik in der Krise

Sustainability and Order Policy in Crisis

Dr. Gerd Michels

MPRA Paper from University Library of Munich, Germany

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.

Keywords: economic history; logic of failure; evolutionary economics; systemic management approach; reflexivity; decision making theory; sustainable institutions (search for similar items in EconPapers)
JEL-codes: B52 D53 E61 (search for similar items in EconPapers)
Date: 2010-11-01
New Economics Papers: this item is included in nep-hpe
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in West Ost Report 1.Volume(2010): pp. 60-71

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/26715/1/MPRA_paper_26715.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/26753/1/MPRA_paper_26753.pdf revised version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:26715

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().