This article is devoted to a critical reconstruction of Karl Polanyi’s institutional theory and its ethical consequences. Starting with the distinction between the formal (neoclassical) and the substantial (institutional) ...

Ordoliberalism is a German economic and legal doctrine, in which ethics occupies a privileged place. The basic premise is the freedom and responsibility of human beings. In contrast, the starting point for considering ...

The article deals with the problem of identifying institutions and measuring them. As an example, reputation was taken into consideration. The analysis leads to the conclusion that reputation could be treated as an institution ...