Büscher, Martin2019-09-252019-09-252012-03-081992-11390654852Xhttp://hdl.handle.net/20.500.12424/183943Is the normative fundament of a market system within the neo-classical paradigm an adequate basis to guarantee a socially and ecologically accountable regulation of the economic system? The argument of this paper will be that the neoclassical approach - when, i.e., referring to the classic liberal Adam Smith and the German ordoliberals - does not take into account the substantial historical change of the market framework and socio-political conditions.engWith permission of the license/copyright holderEconomic SystemsNormative FundamentsSocial Market EconomyEconomic EthicsAdam SmithNeo-classical ParadigmGlobal ethicsEconomic ethicsEthics of economic systemsArticle