Quo Vadis, Market Economy? Challenges of Sustainability and Values, Possible Answers

IF 0.4 Q4 BUSINESS, FINANCE Public Finance Quarterly-Hungary Pub Date : 2023-01-01 DOI:10.35551/pfq_2023_1_1
G. Kocziszky
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Abstract

Over the past half century, mainstream economics, the theoretical basis for the functioning of market economies, has contemplated value-neutral models paradoxically disconnected from reality. The forced abstraction of these models, as well as the fact that economic policies have been dominated by deregulation and liberalization resulted in a situation where markets have not been able to handle crises properly, and they themselves have become the causes of them. In this study, the author claims that there is a solution: a sustainable market economy, based on the reintegration of value orientation into market processes. In other words, a paradigm shift is needed with sustainability in its focus. But sustainability is just a buzzword, as long as we fail to realize the fact that we have limited room for manoeuvre in society and economy, and we cannot do everything we would otherwise have the opportunity to do. Knowing this, we can state it with certainty that only those nations will be successful in the 21st century that find the path to a sustainable market economy and are able to follow it. The model outlined by the author suggests directions for implementing this idea.
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市场经济?可持续发展和价值观的挑战,可能的答案
在过去的半个世纪里,主流经济学——市场经济运行的理论基础——一直在考虑与现实矛盾地脱节的价值中立模型。对这些模型的强制抽象,以及经济政策被放松管制和自由化所主导的事实,导致市场无法妥善处理危机,而市场本身也成为危机的原因。在这项研究中,作者声称有一个解决方案:基于价值取向重新融入市场过程的可持续市场经济。换句话说,需要以可持续发展为重点的范式转变。但可持续发展只是一个流行语,只要我们没有意识到我们在社会和经济上的回旋余地是有限的,我们就不能做任何我们本来有机会做的事情。认识到这一点,我们可以肯定地说,只有那些找到可持续市场经济道路并能够遵循这条道路的国家才能在21世纪取得成功。作者概述的模型为实现这一思想提供了方向。
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来源期刊
CiteScore
0.90
自引率
40.00%
发文量
30
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