Article overview

THEMES
PERIOD
EUROPE 7 DECEMBER 2022

What could better EU debt rules look like? Short Cut with Jeromin Zettelmeyer and Achim Truger

For more than two years now, the EU debt rules have been suspended, which in the eyes of many critics had long been ineffective anyway. We spoke with Jeromin Zettelmeyer and Achim Truger about the latest reform proposals of the EU Commission and the Council of Economic Experts.

NEW PARADIGM 2 DECEMBER 2022

The New Paradigm Papers of the Month of December

Once a month the Forum New Economy is showcasing a handful of selected research papers that lead the way towards a new economic paradigm.

NEW PARADIGM 14 NOVEMBER 2022

How the Market Liberal Paradigm Rose to Dominance — And Why It Crumbles

A new book by historian Gary Gerstle traces the forces that led to the rise and fall of the market liberal political order and outlines what this means for the politics of the moment.

NEW PARADIGM 4 NOVEMBER 2022

Failed Bidenomics? From Thatcher and Reagan to Truss and Trump

Is it a coincidence that democratic functioning is so deeply disturbed in precisely those two countries that were celebrated forty years ago as economic liberal role models?

NEW PARADIGM 3 NOVEMBER 2022

The New Paradigm Papers of the Month of November

Once a month the Forum New Economy is showcasing a handful of selected research papers that lead the way towards a new economic paradigm.

NEW PARADIGM 17 OCTOBER 2022

Directed Technological Change and Good Jobs

Is it time to direct technological change in a labour friendly way? This question was discussed by Anton Korinek, Elisabeth Reynolds, and Ana Dujić.

NEW PARADIGM 17 OCTOBER 2022

The New Paradigm Papers of the Month of October

Once a month the Forum New Economy is showcasing a handful of selected research papers that lead the way towards a new economic paradigm.

CLIMATE 12 OCTOBER 2022

Are Green Jobs Good Jobs?

We invited leading experts to our New Paradigm Workshop to discuss what the labor market in a climate-neutral world will look like.

INNOVATION LAB 11 OCTOBER 2022

Should We All Work Less?

In most economies, people today work as much as they did decades ago, despite increases in productivity. Why is that the case? We invited leading researchers to our New Paradigm Workshop to discuss the answers.

OUR MAIN TOPICS

New Paradigm

NEW PARADIGM

After decades of overly naive market belief, we urgently need new answers to the great challenges of our time. More so, we need a whole new paradigm to guide us. We collect everything about the people and the community who are dealing with the question of a new paradigm and who analyze the historical and present impact of paradigms and narratives – whether in new contributions, performances, books and events.

Redefining
the role of
the state

REDEFINING
THE ROLE OF
THE STATE

For decades, there was a consensus that reducing the role of the state and cutting public debt would generate wealth. This contributed to a chronic underinvestment in education and public infrastructure. New research focuses on establishing when and how governments need to intervene to better contribute to long-term prosperity and to stabilize rather than aggravate economic fluctuations.

Remaking
finance

REMAKING
FINANCE

More than a decade after the financial crisis there still seems to be something seriously wrong with the financial system. Financial markets still tend to periodically misprice risk and contribute to boom and bust cycles. A better financial system needs to discourage short-termism and speculative activity, curtail systemic risk and distribute wealth more broadly.

Greening
prosperity

GREENING
PROSPERITY

During the high point of market orthodoxy, economists argued that the most 'efficient' way to combat climate change was to simply let markets determine the price of carbon emissions. Today, there is a growing consensus that prices need to be regulated and that a carbon price on its own might not be enough.

Reducing
inequality

REDUCING
INEQUALITY

The rising gap between rich and poor has become a threat to social cohesion in most rich countries. To reverse this trend it will be crucial to better understand the importance of different drivers of income and wealth inequality.

Innovation Lab

INNOVATION LAB

Do we need a whole new understanding of economic growth? What would be a real alternative? How viable are alternatives to GDP when it comes to measuring prosperity? These and other more fundamental challenges are what this section is about.

Globalization
for all

GLOBALIZATION
FOR ALL

After three decades of poorly managed integration, globalization is threatened by social discontent and the rise of populist forces. A new paradigm will need better ways not only to compensate the groups that have lost, but to distribute the gains more broadly from the start.

Europe
beyond markets

EUROPE
BEYOND MARKETS

The euro was planned during a period in which economic policy making was driven by a deep belief in market liberalism and the near impossibility of systemic financial crises. This belief has been brought into question since the euro crisis, which showed that panics do happen. New thinking needs to focus on developing mechanisms to protect eurozone countries from such panics and to foster economic convergence between members.

Corona Crisis

CORONA CRISIS

The current Corona crisis is probably the worst economic crisis of the post-World War 2 era. Economists are working hard on mitigating the economic effects caused by COVID-19 to prevent a second Great Depression, the break-up of the Eurozone and the end of globalisation. We collect the most important contributions.