Concerning the problem of the supply of public goods the logic of the utilitarian action model produces a dilemma: on the one hand, a market failure appears in regard to their supply within the scope of this model; on the other hand, the theoretical model assumptions make the only solution - that the state has to provide for such goods - seem ineffective (state failure). The solution offered in the framework of a “constitutional political economy”, according to which the same social mechanism must become effective as in the conclusion of an imaginary social contract, will ultimately result in a “prisoner’s dilemma” due to the actors’ lacking value commitment. This consequence can be avoided in the frame of reference of classical political economy, because here individual utility orientation and normative value commitments do not exclude each other, so that the actors are able to overcome the dilemma. As a result, value commitments must be taken into account alongside market, state, and community as central mechanisms in the coordination of social action. However, such pure mechanisms of action coordination condense empirically into a complicated manner of coordination.
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Publicly AvailableGleiche Chancen dank einer abgeschlossenen Ausbildung? / Can Vocational Training Equalize Job Opportunities?May 19, 2016