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Unconventional Consideration Manners of the Economic Crisis III

What is to be done as a solution for the crisis?

Uwe Petersen

In the beginning of 2011 Unkonventionelle Betrachtungsweisen zur Wirtschaftskrise. Von Haien, Heuschrecken und anderem Getier (Unconventional Consideration Manners of the Economic Crisis I. From Sharks, Grasshoppers and other Creatures) was published, which explained aphoristically succinct aspects of the economic crisis. At the end of August, 2011, the second volume with the subtitle Illnesses of the Economic System and Possibilities and Limits of their Healing appeared in German, which analyses the traditional measures of the economic policy and exemplarily describes the economic case history of single countries. The result of these analyses was that the conventional economic policies only cured symptoms but aggravated even the fragility of the economic system. Therefore in this book (a little modified and actualised translation of the third volume published in German in 2012) unconventional solution possibilities of the financial and economic crisis are indicated, and are backed up ethically. The treatises in this volume are clear for themselves, and at the same time give an overview about the crisis problems all together, and that’s why it seemed to be justified to translate only this volume in English.


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A. The axiomatic and economic-ethical bases of our today's finance-capitalistic economic system and their relation to the sense of economy


2 Economy was understood by the Greeks as an order enclosing the people; but from the Jews, however, as a remedial event escorted by God two views which became effective in Europe. Hence, to the understanding of the European economic development and the European economic understanding it makes sense to show both these views first. I. Economy as an order enclosing the people H. Raven writes: >>for the whole old-European world "Economy" means the household of a man or a married couple of status (with slaves or servants), as well as the regular equipment and management of the same. The second vocabulary part (-nomina) refers to the distribution and management as a continuous structure of the right (distributive justice) of the economy and the political system [3]. From here, it is to be understood that the word connection "oiko-nom" has been often used from the outset for organisation problems and problems of utilisation, also beyond the sphere of the house [4].>Aristotle treats the economy in the first part of the «politics», because the polity itself is a community existing of several villages, and the village a summary of several houses (οἰκίαι) [6]. Because the person is by his nature ζῷον πολιτικόν, a being relying on community and the single person in this respect cannot live self-sufficiently, the state is by its nature as a whole more original than its parts, therefore, also more than the housing association or the single citizen; the state represents a completely self-sufficient community and allows thus the...

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