A “third way” for the construction of economic systems

Authors

  • Hermann Witte Hochschule Osnabrück (University of Applied Sciences) Campus Lingen. Institut für Management und Technik

DOI:

https://doi.org/10.52292/j.estudecon.2019.1663

Keywords:

Third Way, Economic System, Cooperation, Planned Economy, Market Economy

Abstract

Economists are searching since a long time for a „Third Way“. The „Third Way“ is not to be found by a special mix of central planning and market, but by cooperation. Game theoretical proofs and meta logistics show an advantage of cooperation over competition. Competition in the realistic forms of imperfect competition has a destroying character, which leads to a loss of welfare. But cooperation has a preserved character, which brings out decreases of welfare. The welfare level is higher as the welfare  level realized by imperfect competition. By cooperation it is posible to avoid the starting points of  economic crises. An efficient economy is possible. The parts of meta logistics indicate the startings points of cooperation of the economic units with each other and with the state. A consequent utilization of these

starting points leads to removing deficits of harmonizing between the private sector (suprastructure) of an economy and the public sector (infrastructure). The workability and the efficiency of an economy will increase.

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Published

2019-06-13

How to Cite

Witte, H. (2019). A “third way” for the construction of economic systems. Estudios económicos, 36(72), 147–168. https://doi.org/10.52292/j.estudecon.2019.1663

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