ECDF Professor Philipp Staab will participate tonight, December 14 at 7:00 pm in a panel discussion on
"THE INVENTION OF THE MARKET AND THE MARKETS OF THE 21ST CENTURY".
The discusssion will be broadcasted via livestream.
The market as it is taught as a model in economics does not exist in practice, rather each market is different and socially designed with the help of rules and laws. In the book "The Invention of the Market," social philosopher Lisa Herzog describes the development of the market in terms of the history of ideas with reference to Adam Smith and GWF Hegel. Both see the market in the context of their respective conceptions of state and society.
In the 21st century, markets are facing new challenges and are virtually calling for redesign. Digital monopolists are creating their own markets to the detriment of others. In order to slow down climate change, prices on climate-damaging emissions are needed. In addition, the question arises as to whether externalization at the expense of the environment and people violates the law against restraints of competition. New rules are also needed for good work in the future.
The panel will address these questions against the backdrop of the major changes taking place in our time.
Prof. Dr. Lisa Herzog, University of Groningen
Prof. Dr. Philipp Staab, Humboldt University of Berlin
Prof. em. Dr. Johannes Hoffmann, Goethe University Frankfurt
You can find the event in German under this //Link.