The state of nature in the shadow of contract formation: Adding a missing link to J.M. Buchanan's social contract theory

The social contract theory of J.M. Buchanan provides no clear-cut answer on the question which one of the multitude of possible Pareto-efficient contracts is chosen by individuals who shape a contract in an (imaginary) state of nature. This deficiency is remedied in this paper by adding the Nash-bargaining theory. It seems to be in line with at least part of Buchanan's reasoning. Whereas for Buchanan the configuration of contract depends unilaterally on the natural equilibrium of the state of nature, we are able to show that the parties' (rational) contractual expectations have repercussions for their behavior in the state of nature. That is why the location of the natural equilibrium proves to be heavily dependent on the chosen bargaining theory. The implication is that assessing the legitimacy of a given constitutional order or contract (on the basis of the natural equilibrium) depends on the particular bargaining theory chosen to solve the underlying constitutional distribution problem. I am grateful to D. Andrews, D. Schmidtchen and U. Witt for helpful comments on earlier drafts. The usual caveat applies.     

What shall we do with the drunken sailor?: Effects of alcohol on the performance of ship operators

The purpose of this study was to specify the effects of alcohol on the performance of ship operators as a contribution to the development of new strategies against the risks of alcohol in water traffic. The nautical performance of 21 captains before and after alcohol consumption was assessed on a ship piloting simulator. The simulated scenarios represented passages of a container vessel through the German Bight. Performance was examined by nautical instructors according to standardised protocols. Mean (S.D.) blood alcohol concentrations (BACs) of 0.100 (0.024) g/dl before and 0.100 (0.017) g/dl after the performance trial resulted in striking effects on the nautical performance. The categories most severely affected were foresight and analysis of situation (impairment in 18 of 21 cases), concentration (impairment in 16 of 21 cases), accurateness, risk disposition and navigation (impairment in 15 of 21 cases). Chart work, preparation and communication were impaired in 12, 11 and 10 of 21 cases, respectively. None of the participants were capable to operate the simulated ship with an adequate safety after ingestion of alcohol. From these findings, and in consideration of the well-established impairment of a multitude of mental and physical functions by alcohol, it can be concluded that even low BACs bear high risks in water traffic, a concentration above 0.1 g/dl will hinder a sufficiently safe performance of ship operators. This should be considered in alcohol education and legislation.     

Ausbruch aus dem Gehäuse der Economic Governance. Überlegungen zu einer Soziologie der Wirtschaftsdemokratie in transformativer Absicht

The New Economic Governance (NEG) in the European Union is a core element of a neoliberal crisis constitutionalism that has to be seen as blatantly deficient when measured with democratic yardsticks. Strongly normative criticism generates important findings, but ignores the economic dimension of damage to democracy. From the perspective of capitalism theory, the NEG can be recognised as a product of a capitalistic land grab (“Landnahme”) of the political field and as a system of institutions whose functional logic corresponds to the imperative of a crisis-ridden economy characterised by the financial markets. In this context, viewpoints are confirmed that regard the integration of the economic causes of blatant deficits of democracy as an essential element of a new type of inclusive democracy project. The work on a new economic democracy as a core element of such a democracy project thus also becomes a desideratum for a public sociology that wishes to contribute evidence-based knowledge to social disputes.     

(Neo-)extractivism – a new challenge for development theory from Latin America

This paper addresses new challenges and identifies starting points for development theory following recent debates in Latin America on ‘new or neo-extractivism’. It focuses on the concept of neo-extractivism and the context of its emergence, and on the changing role of the state. Looking at a number of social economic indicators, we find that, even after considering differences between countries, (neo-)extractivism is not merely a temporary economic strategy in the region. Instead, it exhibits features of a consolidated development project. Empirical evidence from the region shows the fundamental implications of resource-based development paths in politics, social relations and territorial orders. To grasp these implications conceptually, we argue for a shift in theoretical perspectives related to the link between development and resource extraction. Key elements for such a shift are to be found in recent studies in rentier theory and politics and new approaches in the field of political ecology.     

Transnationale (Krisen-)Dynamiken des Finanzmarktkapitalismus. Klassenverh?ltnisse, Gender und Ethnizit?t aus polit?konomischer Perspektive

For a while now, there has been a debate about the emergence of transnational financial market capitalism. This article aims to analyse the political economic, social structural, and political sociological dynamics inscribed to it at the intersection of the analysis of capitalism and intersectionality studies. For this purpose, first the core terms of class, gender and ethnicity are conceptualised as relational analytical categories, in order to explore then, how and why the different relational dimensions of social inequality evolved and took shape. Broadly, two phases can be distinguished: A first phase during which transnational financial market capitalism was expanding and contributed to reorganize social inequality via different mechanisms of financialization; and a second phase, in which transnational financial capitalism plunged into a crisis and supportive power networks strove to fend off processes of de-financialization and to maintain their relative privileged position vis-à-vis weaker social classes and groups.