Citizens' Campus: Focus on welfare economics - market economy approaches orientated towards the common good

The media often focus on a supposed tension between the individual pursuit of profit and the common good. The lecture explores the question of how welfare economic theories can be used to resolve this tension. The starting point is welfare economics, which deals with the optimal allocation of resources to maximize social welfare.

The lecture will focus on the question of how markets and processes can be designed in such a way that they promote both economic efficiency and the common good. Approaches such as the internalization of external effects and regulatory state intervention in markets will be discussed.

First, the basics of a rule-based market economy will be presented in order to show that the common good and the pursuit of profit are by no means mutually exclusive.

Speaker Dr. Annika Stöhr is a research assistant at the Economic Theory Group at TU Ilmenau, where she is currently writing her habilitation thesis on competition economics and policy. Dr. Stöhr studied and completed her doctorate at the TU Ilmenau and was also able to gain practical political experience during her more than two years at the Federal Ministry of Economics and Climate Protection.

Admission: 5 Euro