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Development Policy

(644 words)

Author(s): Sautter, Hermann
[German Version] Before attempting to clarify the term, a few questions must be addressed: What is “development” and what are “developing countries”? To what extent can political measures advance and direct “development” and what domestic and international instruments suit this task? Since President Truman first used the term “developing countries” in a speech in 1947, these questions have received controversial answers. Development as the objective of development policy is often equated with “economic development,” understood in the sense of a steady increase in the per capita


(890 words)

Author(s): Sautter, Hermann | Herms, Eilert
[German Version] I. Economics – II. Ethics I. Economics The term “competition” is linked with the idea of rivalry, but the Latin competere makes it clear that the notion ultimately has to do with several players seeking a prize together. As competitors they strive together in an activity that demands that they give their best. Everyone profits from their competition – in economics no less than in sports. Economic competition benefits society in general precisely when those involved do no…


(544 words)

Author(s): Sautter, Hermann
[German Version] The household is a social unit organized to meet the basic needs of its members. It is the central locus where provision is made for living – the producer of prosperity per se. A household acquires goods in the marketplace and converts them, investing time and self-¶ produced goods, into satisfaction of the needs of its members. In doing so, it engages in numerous activities, which in Germany add up to 70 to 80 billion hours annually. That is more than can be assigned to the total gainful employment of the German population. W…

Market Economy

(823 words)

Author(s): Sautter, Hermann
[German Version] The goal of economic activity (Economy) is to produce goods to satisfy human needs. Benefits accrue from having this take place in the context of division of labor. But these benefits can be realized only when there is a mechanism to govern the division of labor. A market economy is such a mechanism. In a market economy, individual participants are free to pursue their own economic interests within the context of the existing legal system. This opportunity increases their motivati…


(6,870 words)

Author(s): Sautter, Hermann | Rüpke, Jörg | Schneider, Helmuth | Otto, Eckart | Penslar, Derek | Et al.
[German Version] I. The Concept – II. Economic Systems and their Theories – III. Economy and Religion I. The Concept The term economy encompasses the totality of all individual actions and social interactions that serve to produce goods (commodities or services [Service sector]) for the purpose of satisfying human needs (Consumption). As a rule, the “production” of commodities means that human labor and …

World Economic Order

(520 words)

Author(s): Sautter, Hermann
[German Version] In the narrower sense, the world economic order comprises the control systems (institutions) that regulate the international exchange of goods and services (commercial regulation and financial regulation). In the broader sense, it also includes institutions that regulated the global environmental effects of economic activity and international agreements regarding labor and social standards (environmental and social order). The basic problem faced by all international regulatory sy…


(858 words)

Author(s): Sautter, Hermann
[German Version] I. Few concepts in economics are as slippery as the concept of “capital.” “Capital” can be defined narrowly or broadly, in terms of macro-economics or of business, according to theories of production or distribution; moreover, “capital” means something different to political scientists and sociologists than it does to economists. In a very general economic sense, “capital” may be understood to include anything which alongside unqualified work acts…


(8,629 words)

Author(s): Sautter, Hermann | Westerlund, David | Hastings, Adrian
[German Version] I. Geopolitical Survey – II. History of Religion – III. Christianity I. Geopolitical Survey Africa presents a troubled, contradictory picture. Its population is growing faster than that of any other continent. Civil wars and repeated periods of drought force millions to flee. An aggressive Islamism is unsettling the fragile equilibrium of multireligious societies. Political borders dr…


(332 words)

Author(s): Sautter, Hermann
[German Version] If there is only a single seller in a market, we have a (supply) monopoly. The situation when there is a single buyer is called monopsony. If a market involves a single seller and a single buyer, we speak of a bilateral monopoly. Monopolistic structures can arise through many causes. One is a reduction of unit costs, which can come about through expanded production enabled by increasing internal specialization. The first producer to take advantage of this possibility can ultimately undersell all other producers (Competitio…

Free Trade

(660 words)

Author(s): Sautter, Hermann
[German Version] When foreign trade is free of competition-limiting state intervention, we speak of free trade. The classics of national economics already had it as one of their main tenets. They justified it philosophically and by its prosperity increasing effects. But the disputes of that time already demonstrate the degree of difficulty in accomplishing free competition between domestic and foreign vendors. Success in breaking the opposition of the landed gentry and adopting a liberalization of…

Planned Economy

(310 words)

Author(s): Sautter, Hermann
[German Version] The concept of planned economy originated primarily from socialist criticism (Socialism) of market economy and the institution of private ownership of the means of production connected with this economic order. This “capitalist system” was accused by K. Marx, F. Engels, V. Lenin, J. Stalin, and others, of leading to “anarchy” in a society’s production, to “alienation” of the person, and to periodically recurring crises. A planned economy was thought to be the remedy. Individual ec…

Debt Crisis

(374 words)

Author(s): Sautter, Hermann
[German Version] If a debtor can no longer make the amortization and interest payments (“debt service”) for which he or she is obligated under a credit agreement, then one may speak of a “debt crisis.” In recent decades, the public has been especially aware of the debt crisis of the developing and emerging countries (Third World). This has …

Malthus, Thomas Robert

(186 words)

Author(s): Sautter, Hermann
[German Version] (Feb 13, 1766, Rookery, near Guildford – Dec 23, 1834, Bath, England). After studies at Cambridge, Malthus spent several years as a parish priest. In 1805 he was appointed professor of political economy at a college of the East India Company, where he taught until his death. He became ¶ famous through his “law of population,” according to which population tends to grow faster than the means of subsistence. The resulting threat of overpopulation would either be met by famine, war, etc., or avoided by sexual abstinence. These alter…


(3,290 words)

Author(s): Sautter, Hermann | Herms, Eilert
[German Version] I. Scope – II. History and Disciplines – III. Present Foci of Interest – IV. Significance for Theology I. Scope Traditionally economics has been defined primarily by its subject matter. It is the branch of inquiry that deals with economic phenomena (Economy: I). Methodologically, over a lengthy course of development (see II below) it has become increasingly autonomous, adopting the empirical and quantitative proce…


(5,377 words)

Author(s): Sautter, Hermann | Seiwert, Hubert | Mürmel, Heinz | Koschorke, Klaus
[German Version] I. Geopolitical Considerations, Concept – II. History of Religions – III. Modern Asian Religions outside Asia – IV. Christianity I. Geopolitical Considerations, Concept Culturally, economically, and politically, Asia is extraordinarily heterogeneous. The Islamic states of the Near East with their oil wealth are part of this continent, as are the multireligious societies of South and Southeast Asia, relatively poor in resources, and the countries of East Asia with their extraordinarily dynamic economies (at least through the mid 70s). Equally diverse are the…


(1,795 words)

Author(s): Sautter, Hermann
[German Version] Economics is a social activity. It is systematically related to other social processes. It would therefore be a mistake to consider such a serious economic problem as unemployment from an economic perspective alone. Such a perspective is indispensible, but too narrow. It would be particularly inappropriate to call for a solution to the problem from political economists, and to expect corresponding prescriptions from economic theorists, without at the same time considering prevailing behavior and attitudes to the subject in society. I. Definition and Extent The Ge…


(721 words)

Author(s): Sautter, Hermann
[German Version] When buyers (consumers) and sellers (providers) of goods and services meet, the result ¶ is a market. In most cases, the meeting is not physical but virtual. Advances in communication technology have facilitated the development of such markets. Every participant in a market pursues his own specific interests. The seller wants to sell at the highest possible price and has an idea of a minimum price. The buyer wishes to buy at the lowest possible price and has an idea of a maximum price. The interaction of buyer and sel…

Population Policy

(554 words)

Author(s): Sautter, Hermann
[German Version] Population policy comes into play when population growth becomes a problem. This is especially the case when food production does not keep pace with this growth or when it is accompanied by greater consumption of natural resources and discharge of pollutants into the natural environment than is compatible with the goal of a “sustainable” economy (Sustainability). In the most general sense, the concept of “sustainable development” implies that that the needs of the present be satis…


(282 words)

Author(s): Sautter, Hermann
[English Version] . Das Konzept einer P. entstand v.a. aus der sozialistischen Kritik (Sozialismus) an der Marktwirtschaft und der mit dieser Wirtschaftsordnung verbundenen Institution des Privateigentums an Produktionsmitteln. Diesem »kapitalistischen System« wurde von K. Marx, F. Engels, W. Lenin, J. Stalin usw. vorgeworfen, es führe zur »Anarchie« der gesellschaftlichen Produktion, zur »Entfremdung« des Menschen und zur periodischen Wiederkehr von Krisen. Dem sollte ein planwirtschaftliches Sys…


(423 words)

Author(s): Sautter, Hermann
[English Version] . In einem engeren Sinne werden unter W. diejenigen Regelsysteme (Institutionen) verstanden, die den internationalen Güter- und Dienstleistungsverkehr ordnen (Handels- und Währungs- bzw. Finanzordnung). Im weiteren Sinne gehören dazu auch Institutionen zur Ordnung globaler Umwelteffekte des Wirtschaftens sowie international vereinbarte Arbeits- bzw. Sozialstandards (Umwelt- und Sozialordnung). Das Grundproblem aller internationalen Regelsysteme ist das »Gefangenen-Dilemma« (Spiel…
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