Articles
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New Paradigm Diane Coyle and Nicholas Kaldor +++ New-Economy-Ticker +++
Standing on the shoulders of giants (without knowing it)? What reformers of Economics can learn from Cambridge Economics.
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Finance Failure and Need for Reform of German Financial Supervision
In their Forum Working Paper, Gerhard Schick and Martin Hellwig outline the political conditions that contributed to the German financial supervisory crisis and formulate proposals for fundamental reform.
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Innovation Lab Event: “The New Economics: A Manifesto”
Steve Keen has written a new book where he breaks with mainstream economic modeling. In our upcoming New Economy Short Cut, Steve will discuss his ideas for a new kind of economics with Ann Pettifor and Peter Bofinger. Can his proposals remedy existing shortcomings in the current system?
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Finance Debating Central Bank Mandates
The Forum New Economy Working Paper Series presents its new addition: a contribution by Adam Tooze debating new mandates for central banks
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New Paradigm Review and outlook for 2022
We take a look at what the past year has meant for us as a Forum, and for us all - and give you a glimpse of the exciting projects we are planning for 2022.
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Finance Do we need to commit corporations more strongly to the common good?
In a new episode of our New Economy Interview series, we speak to Michael Peters about DAX companies' use of their profits solely in the interests of shareholders - and what could be done about it.
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Finance The Prudence Principle
In the first episode of our New Economy interview series, Marc Blyth and Eric Lonergan introduce the idea behind their Forum Working Paper for a revised Eurozone fiscal policy framework.
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New Paradigm Introducing the Forum New Economy Working & Basic Paper Series
Since our launch in 2019 we published more than a dozen studies. The latest: a reform for German financial supervision.
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Inequality Inequality in Germany – Policy measures to reverse the trend
The Forum New Economy Working Paper series sees its latest addition: a paper that reviews trends and drivers of income and wealth inequality in Germany, and derives possible policy options.
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Inequality Nations have become richer, governments poorer
The World Inequality report 2022 has been released. It finds persisting levels of extreme wealth concentration across the world, worsened by the pandemic. But the data also shows: inequality is a political choice, not an inevitability.
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The State Coalition agreement 2021-2025: Additional financial leeway for future investments?
The coalition agreement is here. Do the targeted fiscal policy instruments allow sufficient leeway for the necessary climate and other investments in the future? Tom Krebs and Janek Steitz with an assessment.
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Climate Expert Seminar – Financing the Investment Agenda of the Federal Government
How can the ambitious German public investment agenda be financed within the debt brake? In an expert seminar, we discussed the results of a recently completed study by Forum New Economy and Agora Energiewende.
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New Paradigm A Manifesto for a New Economics
How to make economics fit for the 21st century. Steve Keen has written a book on "The New Economics".
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Finance Event: A new generation Bundesbank?
Germany is looking for a new Bundesbank president. In our last New Economy Short Cut edition, Holger Schmieding and Benjamin Braun discussed whether the upcoming change at the top is an opportunity to future fit the Bundesbank mandate.
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New Paradigm Harvard Economist Dani Rodrik Calls for New Economic Paradigm
Market fundamentalism cannot solve today's most pressing problems, says Dani Rodrik in an interview with Handelsblatt. The same holds true for Germany's ordoliberal fiscal policy. Instead, he sees signs of a paradigm shift.
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Climate Climate investment: How to finance the 2030 targets
An analysis by Agora Energiewende and Forum New Economy shows: Making use of smart fiscal policy, the new German government can finance the necessary climate protection measures despite a return to the debt brake
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Inequality New Paradigm Knowledge Base – Update on inequality
What policies can help against rising inequality? How are inequality and central bank policies connected? Why is redistribution not enough to deal with populism?
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New Paradigm Is there a narrative for a new paradigm around, yet?
Paradigms can only shift, if there are new stories to be told. This session of our IX New Paradigm Workshop was all about narratives.
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New Paradigm Bidenomics – Bringing a new paradigm into practice?
Some voices claim Joe Biden has kindled a new era in policymaking that may stimulate fiscal changes also in Germany. At our IX New Paradigm Workshop, Barry Eichengreen argues that while public beliefs have transformed, congressional attitudes still lag behind.
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New Paradigm How to frame a new economy – view from the UK
The case for a new economic system is strong, but narratives don't change overnight. We asked Dora Meade from NEON UK to share insights on how good narratives can help accelerate the shift to a new economic system, based on their ‘Framing the Economy’ report.
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New Paradigm From the Washington to a Cornwall Consensus?
The Washington Consensus is outdated, but what's next? Stormy-Annika Mildner, member of the G7 Panel on Economic Resilience, on the Cornwall Consensus and its potential to stimulate new political visions.
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The State New Paradigm Knowledge Base – Update on the role of the state
What role should the state play in innovation policy? How can the infrastructure investments needed for climate protection be financed by the state? Does a socially acceptable implementation of the Green New Deal require the EU to relax its debt rules?
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New Paradigm On designing a new overall economic paradigm
During our IX New Paradigm Workshop, we spoke to Diane Coyle and Michael Jacobs about why economics needs to change and what it takes to design an overarching economic paradigm.
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New Paradigm On the need for a new social contract
How can we adapt our social systems to fit the challenges of the 21st century? We spoke to Minouche Shafik about her recent book and why she proposes a new "social contract" beyond the concept of the welfare state.
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New Paradigm A new economy – where are we?
Cornwall Consensus, Bidenomics, established economists calling for a new social contract - many things point to a change of course. But where do we really stand in the fall of 2021? This is the leading question of our IX New Paradigm Workshop.
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The State On how to create fiscal space through public enterprises
How can the German state close the financing gap in climate, digitalisation and education while complying with the debt brake? Tom Krebs suggests possible financial transactions in the federal budget, including expanding the equity base of public enterprises.
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Innovation Lab Looking for an updated overview of new economic concepts? Check out the new research base of our partner for the UK
The Economic Change Unit just launched their New Economy Brief – a website that helps to navigate through the increasing volume of innovative proposals on climate, inequality and else.
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The State “Mission Economy: A Moonshot Guide to Changing Capitalism”
To solve the most pressing problems of our time, the role of the state must be rethought, argues Mariana Mazzucato in her latest book. We invited her to discuss the "mission economy" and its practical relevance for Germany with Wolfgang Schmidt.
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Uncategorized New addition: Tom Krebs joins as Research Director
Starting this week, Tom Krebs is supporting the Forum New Economy in Berlin in its search for a new paradigm.
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The State Agenda for Germany’s future finance minister
Fiscal policy trade-offs will be a key issue in Germany's coalition negotiations. From debt brakes to climate investments, what's facing the next government? That was the main question of a panel organized by NEF and Forum New Economy.
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The State Election analysis: Scholz’s respect formula appealed to voters
Election narratives of the SPD candidate for chancellor with very high approval ratings among the population / Core statements in the CDU program significantly less popular / Analysis of a Civey survey commissioned by the Forum New Economy
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Finance Book presentation: How companies can deliver both purpose and profit
Alex Edmans, finance professor at LBS, argues that companies should be run with the primary purpose of creating value for society (and profits secondary) and provides evidence that this is more profitable in the long run. Jointly with ESMT Berlin, we have invited him to present his 2020 book and to discuss how companies can best serve society.
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The State Rethinking the state
In its election manifesto, the CDU calls for a modernisation offensive for the state. But what would sensible reforms for a sustainable state look like? We discussed this with Thomas Heilmann and Henning Vöpel in our Short Cut series on the Bundestag elections.
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Climate 2030 targets require tripling of climate protection investments
A study commissioned by Agora Energiewende and Forum New Economy shows that achieving a 65 percent reduction in greenhouse gas emissions by 2030 compared to 1990 would require climate protection investments to be up to three times higher than currently estimated.
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Climate From Planetary Emergency to Regenerative Economics
Can the concept of "regenerative economics" be an answer to the growth debate? At our Symposium on Prosperity in the 21st Century, André Reichel and Jana Stöver presented this concept.
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Climate The Human Predicament of the 21st Century
Can humans become a force for good in the Anthropocene? And if so, how? Invest in nature and its ecosystems and aim for carbon-neutral economies, said Johan Rockström in his keynote at our symposium “Prosperity in the 21st Century: Securing Future-Proof Economies After Corona”.
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The State Handling Socio-economic Risks – An Economy That Works for the People
Can we safeguard ourselves from socioeconomic crises? From job guarantees to UBI & UBS, many proposals circulate promising to make the economy work for the people. But do they have potential?
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New Paradigm From Growth to Degrowth – In Search of a New Development Paradigm
Should economies continue to grow in the face of rising environmental challenges and social costs? Michael Jacobs and Xhulia Likaj explored this question for our prosperity symposium.
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The State Do we have to reform the debt brake?
The Greens are calling for borrowing for certain investments to be permitted even beyond the limits of the debt brake. Does this make sense in terms of economic policy? We discussed this with Anja Hajduk and Philippa Sigl-Glöckner in our Short Cut series on the Bundestag elections.
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New Paradigm Well-being at the Heart of Policy Indicators and Implementation
Which indicators beyond GDP are suitable to guide policy makers towards a more socially inclusive economy which respects planetary boundaries? This was one of the central questions at our symposium on Prosperity in the 21st Century.
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New Paradigm The Economic Anti-Consensus
In a recent Project syndicate contribution, renowned economists share why a 'business as usual' approach to economic policy can no longer be an option.
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The State Would a wealth tax really reduce inequality?
In the fight against growing inequality, the SPD wants to reintroduce the wealth tax - with a uniform tax rate of one per cent for the richest. NoWaBo and Markus Grabka discussed how effective this instrument is in our Short Cut series on the Bundestag elections.
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The State Using Nation Wide Rent Caps to Combat the Housing Crisis?
The party die Linke wants to cap rents nationwide and promote social housing - with 15 billion euros per year. In our Short Cut series on the Bundestag elections, we discussed the economic sufficiency of this plan with Caren Lay and Claus Michelsen.
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The State Do tax cuts really end up financing themselves?
In their election program, the FDP advocates far-reaching tax cuts - even if that initially raises debt rates. In our Short Cut series on the Bundestag elections, we discussed the points of debate surrounding this proposal with Christian Dürr and Rüdiger Bachmann.
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The State New Economy Short Cuts Bundestag Election – Wealth Tax, Debt Brake, Tax Cuts
To date, the election campaign still offers little depth of content. What's not lacking are relevant megatopics for the future. This is why we invited leading candidates for the Bundestag to discuss their parties' key economic policy concepts with us.
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Corona Crisis Leopoldina – Corona Pandemic Intensifies Need for Action in German Economic and Social Policy
In their latest statement, scientists analyze the Corona-related economic and social policy situation and outline a possible way out of the crisis.
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The State The disenchanted state
A new book revolves around the question of what the state can learn from the pandemic in order to act more efficiently and crisis-proof in the future.
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Finance Forum Newsletter #46 – Wrap-up from the New Economy
A new era of debt creation? - Short Cut Series on the Federal Election - The Forum Grows
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The State How much debt is too much?
In light of record levels of public debt, the question of how much debt is too much debt is on the table. Four economists have now discussed this question in a panel discussion.
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The State “Trickle-down economics has never worked.”
US president Joe Biden calls to build the US economy from the middle and bottom up – a clear opposition to tax cuts for corporations and the rich.
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New Paradigm Forum Newsletter #45 – Wrap-up from the New Economy
Economy beyond lobby clichés - Millionaires in favor of wealth taxes - New Forum Papers - Symposium on August 31
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The State How German companies feel about key election issues – A mood survey
How do German companies view key campaign issues such as industrial and climate policy shortly before the election? Deutsche Bank surveyed 200 companies on this issue - with surprisingly heterogeneous results.
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Finance A new German fiscal policy framework
In view of high levels of Corona debt, dealing with the German debt brake has become one of the hotly debated election campaign issues. A new study shows what German fiscal policy beyond the current debt rules could look like.
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Climate Climate policy and the modern state: A hydrogen package for Germany
Green hydrogen is considered an essential component for the climate transition. A new study by Tom Krebs develops a modern hydrogen strategy for Germany.
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Europe Forum Newsletter #44 – Wrap-up from the New Economy
Italy clichés in the Short Cut check - next Tuesday I Growing or shrinking - solution to major dispute?
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New Paradigm The Forum in the media – green investments, debt brake and income inequality
The 2021 federal election is approaching - and with it the question what the future of the German model may look like. The VIII New Paradigm Workshop provided food for thought and an outline of possible answers, which SZ, Spiegel and co picked up on. An overview.
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Europe New Economy Short Cut – Italy: Europe´s basket case?
In a new edition of our New Economy Short Cut series, Philipp Heimberger and Daniel Stelter have discussed the case of Italy.
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Finance On climate, jobs and financial stability: Towards a new mandate for central banks?
Whether the ECB needs a new mandate was discussed on the VIII. New Paradigm Workshop by Isabel Schnabel, Adam Tooze, Moritz Schularick, and Laurence Tubiana.
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Europe Towards new fiscal rules for the euro zone?
Prominent French economists around Macron have written a reform proposal for the European Stability and Growth Pact and have discussed it at the VIII. New Paradigm Workshop.
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Finance Financial supervision post Wirecard – Time for a new paradigm
Gerhard Schick and Martin Hellwig presented their suggestion of a paradigm change in German financial supervision on the VIII. New Paradigm Workshop.
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Climate Climate Challenge: Will Germany manage the transition?
The main question of the climate session on the VIII. New Paradigm Workshop was, how Germany can manage the transition to climate-neutrality by 2050 - or 2045.
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The State Beyond the debt brake – Towards a more flexible German fiscal policy?
At the moment, there is much debate about the German debt brake. At the VIII. New Paradigm Workshop, Philippa Sigl-Glöckner and others discussed a proposal for a reform commissioned by the Forum New Economy.
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The State The Prudence Principle: A New Framework for Fiscal Policy
Mark Blyth and Eric Lonergan have presented their Forum paper on how, in principle, rules could be established that would be better than debt targets that have dominated in recent decades, especially in Europe.
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New Paradigm Economics of populism – Bidenomics as a blueprint for winning back the left behind?
Robert Gold has written a Forum New Economy study on the socio-economic causes of populism, which he presented at the VIII. New Paradigm workshop.
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Globalization Talk with Dani Rodrik and Joe Kaeser: Capitalism under pressure – How to make globalization work for all
In their talk at the VIII. New Paradigm Workshop, Harvard economist Dani Rodrik and former Siemens CEO Joe Kaeser talked about good job policies, the purpose of business, and the taxation of SUVs.
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Inequality Inequality in Germany – How to reverse the trend
Gibt es in Deutschland nur ein gefühltes Auseinanderdriften von Einkommen und Vermögen? Die Faktenlage und die Beurteilung konkreter Politikmaßnahmen bei dem VIII. New Paradigm Workshop.
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New Paradigm VIII. New Paradigm Workshop, May 25-27- Day 2
New world of fiscal rules - Germany's climate bet - What helps against Wirecard? - with Jörg Kukies, Tom Krebs, Nora Szech, Mark Blyth, Jakob von Weizsäcker, Monika Schnitzer, Harold James and many more.
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New Paradigm VIII. New Paradigm Workshop, May 25-27 2021 – Day 1
How to tackle inequality? Will Bidenomics help against Trump? Talk with Joe Kaeser and Dani Rodrik.
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The State New Fiscal Rules for Europe?
Prominent French economists around President Macron are calling for a reform of the European Stability and Growth Pact, causing much excitement in Brussels and Berlin.
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Globalization The roaring globalization of the 2020s? Harold James says a new golden age of globalization is approaching
Princeton professor Harold James explains why the current crisis, like past crises, could trigger a new push for globalisation - on 26 May at our VIII New Paradigm Workshop.
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New Paradigm The tax policy whisperers behind Joe Biden
In their book on the "Triumph of Injustice", Emmanuel Saez and Gabriel Zucman have mapped out much of what the new US president is now trying to correct in terms of tax policy. A book prize appreciation.
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Corona Crisis World Summit for A Systemic Recovery from the Pandemic
What a selection of the world's most renowned economists recommends - short report from an impressive NAEC conference.
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Finance Joint call for 21st Century Central Banking
Promising to some - a nightmare for others: should the ECB care about climate and justice? Experts have tried to work out what this might look like in a joint call.
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The State Controversy over rent cap
What are the current economic debates on housing? A brief overview of the most important points of contention.
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New Paradigm Germany’s confused fear of hyperinflation
Why are Germans so different when it comes to inflation fears? A new study sheds light on German scepticism towards monetary expansion.
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New Paradigm Quick & New: Washington consensus 2.0?
The Washington consensus has for long time been the symbol of market liberalism. Now, there may be a „new Washington consensus“, writes Martin Sandbu from the Financial Times based on what the International Monetary Fund and the World Bank argue in recent publicatioins around their traditional spring meetings.
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Corona Crisis Servaas Storm: Austerity raises Covid deaths
So far, the Covid-19 pandemic has caused almost three million deaths worldwide. Have austerity measures made the pandemic worse? According to Servaas Storm, the answer to this question is clear.
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New Paradigm Is the race to the bottom of corporate taxation finally coming to an end?
Yellen's call this week for global minimum corporate tax buries a weighty part of the old paradigm - the unhealthy tax competition between states.
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New Paradigm Interview with Larry Kramer: The Road to Paradigmatic Change
We discussed with Larry what it takes to create a new paradigm and whether the new US administration will turn things around.
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New Paradigm Bidenism and the American Rescue Plan – Part II
Right after getting the $1.9 trillion rescue plan approved, Biden is ready to push for a $3 trillion infrastructure package. How do these measures reflect the changes in economic theory and policy debates?
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New Paradigm Paradigm Shift in Albania – FES Study on the Relationship between Market and State
The Economy for All initiative of the Friedrich-Ebert-Stiftung presented and discussed a new study on paradigm change on 18.3.2021. Also on the panel that discussed the study – Forum New Economy.
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The State Makronom Series on the Relationship between the Market and the State in the Post-Corona Age.
COVID19 and the climate crises, growing inequality and financial market stability: almost everywhere, the relationship between markets and governments needs to be re-examined. A review of the series in the online magazine Makronom.
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New Paradigm New Economy Short Cut – Martin Sandbu´s Economics of Belonging
On the 10th edition of our New Economy Short Cut series Martin Sandbu presented his new book "Economics of Belonging: A Radical Plan to Win Back the Left Behind and Achieve Prosperity for All"
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New Paradigm From Reaganomics to Bidenism?
Could Joe Biden’s big package be the start of a whole new paradigm of economic policy making?
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The State Stephan Weil on the challenges for the automotive location Lower Saxony – Video
At our recent seminar on the transformation of the German car industry, the Minister President of Lower Saxony talked about the implications of the transformation of the German car industry for the Volkswagen region and the state government's contribution.
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New Paradigm Favorite Readings for a New Paradigm – Winter 2020/21
Every three months Forum New Economy is showcasing a hand full of selected research papers that lead the way towards a new economic paradigm.
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Finance Re-Watch: New Economy Short Cut & INET Debt Talk – Who’s Afraid of European Banks?
Join us for our ninth edition of the New Economy Short Cut, this time in partnership with the Institute for New Economic Thinking. With Martin Arnold, Elena Carletti and Richard Vague; moderated by Thomas Fricke and Moritz Schularick
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Innovation Lab Jenseits des Wachstums: Auf dem Weg zu einem neuen ökonomischen Ansatz
Der OECD-Bericht von Michael Jacobs ist jetzt auf Deutsch verfügbar.
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New Paradigm Forum Newsletter #39 – Wrap-up from the New Economy
Economists and the Rent Cap - John Maynard Keynes - Isabel Schnabel
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Europe Debate on Debt Relief Ignites
A debate on the future of debt in Europe has been ignited by a call from more than 150 economists for the ECB to cut debt of European countries.
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New Paradigm Event – Beyond Growth – Towards a New Economic Approach
Michael Jacobs, Denis Snower, Katharina Beck, Christoph Schmidt and Nicola Brandt discuss on February 15 about the meaningfulness of growth and how to make economic policy more goal-oriented.
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The State Olaf Scholz and the missions of the future
The German finance minister and SPD shadow chancellor presents what big missions the country needs. This sounds a lot like Mariana Mazzucato, who recently applied the concept to Germany in a study for the Forum.
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New Paradigm Forum Newsletter #32 – Wrap-up from the New Economy
Why german economic liberalism still has its work cut out for it.
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New Paradigm Why (and how) liberalism must reinvent itself in the 21st century.
Timothy Garton Ash describes what should replace the failed technocratic economic liberalism of the past three decades.
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New Paradigm A Wind of Change with Bernie Sanders as Budget Chair?
Bernie Sanders becomes chairman of the important Budget Committee in the US-Senat. Rob Johnson talks about the importance of the position and what Sanders' appointment may mean for future policies.
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New Paradigm Registration: VIII New Paradigm Workshop
Register now for our next workshop "On the future of the German economic model II - Prospects for the next legislative term"
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Innovation Lab Video – New Economy Short Cut – Top economists argue over top textbooks
Peter Bofinger has caused quite a stir with his criticism of two of the most legendary economics textbooks - now he had the chance to argue with the author, Greg Mankiw himself, about the famous textbooks. The two were joined on the panel by Anna Reisch and Rudi Bachmann.
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Globalization New Economy Working Paper – How to reduce Germany’s current account surplus
Trump will go. But what about US complaints about Germany’s export surplus? Probably not, argue Achim Truger, Jan Behringer and Till van Treeck in an upcomming Op-Ed for the SZ which is based on a study for Forum New Economy.
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Climate Expert-Seminar – The transformation of the automobile industry in Germany
On 24 February, Forum New Economy organised an online expert seminar on the transformation of the automobile industry where the impact of the transport turnaround on car regions and employment was discussed.
