Diesseits von Angebot und Nachfrage / On this side of supply and demand

Horn Karen

ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 2011, vol. 62, issue 1, 539-554

Abstract: In his book „Beyond supply and demand“ (1958), Wilhelm Röpke castigates the social trend towards materialism and secularism. People allegedly view everything from a calculating economic perspective, they lose access to the spiritual source of moral values. According to Röpke, the market is a net consumer of morality. If morality doesn‘t regularly receive new input from separate sources such as religion, it disappears - and with it the basis for the market. But does it make sense to posit such a fundamental dichotomy between the market and morality? For the individual, both spheres overlap. Its institutional character set apart, the market is only an abstract name for the interaction of people in society. It is within a feedback process generating reciprocity that not only the economic wealth of nations comes about, but also their moral wealth - the evolving social capital that is foundational for society, consisting of values, shared religious and other beliefs, morals and traditions

Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/ordo-2011-0125 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

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:bpj:ordojb:v:62:y:2011:i:1:p:539-554:n:25

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/ordo/html

DOI: 10.1515/ordo-2011-0125

Access Statistics for this article

ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft is currently edited by Christian Müller

More articles in ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft from De Gruyter
Bibliographic data for series maintained by Peter Golla ().