Economic Responsibility John Maurice Clark - A Classic on Economic R

John Maurice Clark’s article “The Changing Basis of Economic Responsibility,“ published in the Journal of Political Economy, is the topical starting point for all scholars interested in economic responsibility and responsible economic action. John Ma

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Michaela Haase Editor

Economic Responsibility John Maurice Clark - A Classic on Economic Responsibility

Ethical Economy. Studies in Economic Ethics and Philosophy Volume 53

Series Editors Alexander Brink, University of Bayreuth Jacob Dahl Rendtorff, Roskilde University Founding Editor Peter Koslowski†, VU University Amsterdam, Amsterdam Editorial Board John Boatright, Loyola University Chicago, Illinois, USA George Brenkert, Georgetown University, Washington DC, USA James M. Buchanan†, George Mason University, Fairfax, VA, USA Allan K.K. Chan, Hong Kong Baptist University, Hong Kong Christopher Cowton, University of Huddersfield Business School, Huddersfield, UK Richard T. DeGeorge, University of Kansas, Lawrence, KS, USA Thomas Donaldson, Wharton School, University of Pennsylvania, Philadelphia, PA, USA Jon Elster, Columbia University, New York, NY, USA Amitai Etzioni, George Washington University, Washington, DC, USA Michaela Haase, Freie Universität Berlin, Germany Carlos Hoevel, Catholic University of Argentina, Buenos Aires, Argentina Ingo Pies, University of Halle-Wittenberg, Halle, Germany Yuichi Shionoya, Hitotsubashi University, Kunitachi, Tokyo, Japan Philippe Van Parijs, University of Louvain, Louvain-la-Neuve, Belgium Deon Rossouw, University of Pretoria, Pretoria, South Africa Josef Wieland, Zeppelin University, Friedrichshafen, Germany

Ethical Economy describes the theory of the ethical preconditions of the economy and of business as well as the theory of the ethical foundations of economic systems. It analyzes the impact of rules, virtues, and goods or values on economic action and management. Ethical Economy understands ethics as a means to increase trust and to reduce transaction costs. It forms a foundational theory for business ethics and business culture. The Series Ethical Economy. Studies in Economic Ethics and Philosophy is devoted to the investigation of interdisciplinary issues concerning economics, management, ethics, and philosophy. These issues fall in the categories of economic ethics, business ethics, management theory, economic culture, and economic philosophy, the latter including the epistemology and ontology of economics. Economic culture comprises cultural and hermeneutic studies of the economy. One goal of the series is to extend the discussion of the philosophical, ethical, and cultural foundations of economics and economic systems. The series is intended to serve as an international forum for scholarly publications, such as monographs, conference proceedings, and collections of essays. Primary emphasis is placed on originality, clarity, and interdisciplinary synthesis of elements from economics, management theory, ethics, and philosophy. More information about this series at http://www.springer.com/series/2881

Michaela Haase Editor

Economic Responsibility John Maurice Clark - A Classic on Economic Responsibility

Editor Michaela Haase School of Business & Economics Marketing Department Freie Universität Berlin Berlin, Germany

ISSN 2211-2707     ISSN 2211-2723 (electr