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From free to civilized trade: a European perspective

Author

Listed:
  • Jakob Kapeller
  • Bernhard Schütz
  • Dennis Tamesberger

Abstract

In the context of unfettered international competition, free trade tends to undermine basic moral concepts such as justice, dignity, and fairness. Therefore, we suggest moving to a new understanding of markets in international trade, which we call ‘civilized markets’. A civilized market tries to ensure that free entrepreneurship and open markets are eventually compatible with those basic and universal values that also serve as moral cornerstones of the European project. In order to accomplish a civilized market, we propose to establish a new European institution with a mandate to set and enforce minimum standards for goods sold on the European market.

Suggested Citation

  • Jakob Kapeller & Bernhard Schütz & Dennis Tamesberger, 2016. "From free to civilized trade: a European perspective," Review of Social Economy, Taylor & Francis Journals, vol. 74(3), pages 320-328, September.
    • Handle: RePEc:taf:rsocec:v:74:y:2016:i:3:p:320-328
    DOI: 10.1080/00346764.2016.1168033
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    Citations

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    Cited by:

    1. Claudius Gräbner & Philipp Heimberger & Jakob Kapeller & Bernhard Schütz, 2017. "Is Europe disintegrating? Macroeconomic divergence, structural polarization, trade and fragility," Economics working papers 2017-15, Department of Economics, Johannes Kepler University Linz, Austria.
    2. Gräbner-Radkowitsch, Claudius & Strunk, Birte, 2023. "Degrowth and the Global South: The twin problem of global dependencies," Ecological Economics, Elsevier, vol. 213(C).
    3. Claudius Gräbner-Radkowitsch & Dennis Tamesberger & Philipp Heimberger & Timo Kapelari & Jakob Kapeller, 2022. "Trade Models In The European Union," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 67(235), pages 7-36, October –.
    4. Wildauer, Rafael & Leitch, Stuart & Kapeller, Jakob, 2020. "How to boost the European Green Deal's scale and ambition," ifso expertise 8, University of Duisburg-Essen, Institute for Socioeconomics (ifso).
    5. Kapeller, Jakob & Hubmann, Georg, 2023. "Dilemmata marktliberaler Globalisierung: Globale Freiheit durch globalen Wettbewerb?," ifso working paper series 27, University of Duisburg-Essen, Institute for Socioeconomics (ifso).
    6. Lena Gerdes & Bernhard Rengs & Manuel Scholz-Wäckerle, 2022. "Labor and environment in global value chains: an evolutionary policy study with a three-sector and two-region agent-based macroeconomic model," Journal of Evolutionary Economics, Springer, vol. 32(1), pages 123-173, January.
    7. Jakob Kapeller & Claudius Graebner, 2020. "Konzernmacht in globalen Gueterketten," ICAE Working Papers 104, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    8. Norbert Berthold & Adalbert Winkler & Sascha Becker & Thiemo Fetzer & Dennis Novy & Marianne Kneuer & Nikolaus Kowall & Sascha O. Becker, 2017. "Das Phänomen »Populismus«: Ursachen und Gegenrezepte," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(12), pages 03-21, June.
    9. Jakob Kapeller & Claudius Graebner & Philipp Heimberger, 2019. "Economic Polarisation in Europe: Causes and Policy Options," ICAE Working Papers 99, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    10. Jakob Kapeller & Claudius Gräbner-Radkowitsch & Anna Hornykewycz, 2024. "Corporate power and global value chains: current approaches for conceptualizing the power of multinationals," Review of Evolutionary Political Economy, Springer, vol. 5(2), pages 371-397, September.
    11. Naatu, Felicia & Nyarko, Samuel Anokye & Munim, Ziaul Haque & Alon, Ilan, 2022. "Crowd-out effect on consumers attitude towards corporate social responsibility communication," Technological Forecasting and Social Change, Elsevier, vol. 177(C).
    12. Jakob Kapeller & Florian Springholz & Bernhard Schuetz, 2016. "Internationale Tendenzen und Potentiale der Vermoegensbesteuerung," ICAE Working Papers 57, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.

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