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Fourth Session of the “ierp Round Table” on May 29th 2019

The “ierp Round Table” is an open discussion forum mainly on sustainability issues, which was founded in the context of the Institute of Economic Research and Policy (ierp) by Joshua Henkel, Philip Kerner, Tilo König, Daniel Töbelmann and Tobias Wendler.

The forum shall serve as a platform to discuss relevant topics and aspects of economic sustainability. Thereby, complex theoretical as well as practical circumstances are to be debated and vital extensions and adjustments are considered. The discussion offers the opportunity to integrate approaches from a variety of disciplines (e.g. biology, sociology, economics) and to reflect them critically. Thematic basis of the sessions might be scientific articles as well as books or other scientific sources that are announced beforehand. In order to bring all participants on the same level, the chosen topic is explained by two members in the beginning, followed by an open discussion with all participants.

Interested participants are always cordially welcomed to the “ierp Round Table” session!

The fourth session takes place on 29.05.2019 at 18:15 in room F 2330 in building WiWi2 (Max-von-Laue Str.1, 28359 Bremen).

Contact: tobias.wendlerprotect me ?!uni-bremenprotect me ?!.de or kernerprotect me ?!


Topic on May 29, 2019: Money, land and natural resources as exclusive real options?

In this session we want to discuss the proposition of Dirk Löhr that certain assets such as money or land could be understood as mainly exclusive real options with potentially unlimited duration. This consideration may lead to the conclusion that allocations could be suboptimal, given that some exchange potential might not be realized. Furthermore, there may be interesting implications for dealing with finite resources, which could as well be valuated with the proposed real option approach.

Suggested Literature

Löhr, Dirk 2002: Die Freiwirtschaftstheorie als Theorie der sozialen Asymmetrie – die Gesell’sche Lehre im Lichte des Realoptionsansatzes. In: Zeitschrift für Sozialökonomie 39 (135), 24-35