Articles
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Europe Video: Brigitte Knopf on distributional effects through carbon-pricing
The Green Deal aims at effectively pricing carbon throughout the EU-economy. We asked Brigitte Knopf (MCC) how this could be done and what she believes the price-levels should look like.
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Europe Forum Seminar: The Economics of the EU‘s Green Deal – review
The EU’s Green Deal is one of the most ambitious EU endeavours to fight climate change. Nevertheless, it still needs more to be more impactful and tangible for people. This has been one of the main common insights of our seminar on the economics of the deal this week in Berlin.
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Europe The EU’s Green Deal – on its Macroeconomic Potential
The announcement of a Green Deal for Europe as introduced by the European Commission made huge headlines. Now there is a trillion Euro question to be answered. Is it in reality only a 7.5 billion Euro question? We try to bring clarity with this Framing Paper which we wrote to complement our Green Deal seminar hosted on the 18th of February.
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Europe Forum New Economy hosts Green Deal Seminar
What to make of the Green Deal introduced by Ursula von der Leyen? We will discuss that with experts academic experts, relevant policymakers and our academic partners at a Seminar on the 18th of February.
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New Paradigm Dani Rodrik – New Firms for a New Era
Dani Rodrik argues that if firms, as social and political actors, are to serve the public good, workers and local communities should have a much bigger say in their decisions.
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New Paradigm New Forum Blog: Tax debates – what really matters
Taxes are not levied to annoy people, but to steer economic and social development in line with a country’s political preferences. Tax reform is therefore central to shifting economic paradigms.
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New Paradigm The Great Affordability Crisis
Annie Lowrey portrays in her article the inherent flaws of the US-economy. While growth rates are stellar and unemployment rates are low, the people are struggling. This paradox explains the necessity for a new economic paradigm.
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Inequality Inequality 101 with Branko Milanovic and Arjun Jayadev
Inequality may be the pressing issue of our time. Until recently however, inequality was seen as a normal externality with positive effects. Branko Milanovic and Arjun Jayadev break down all aspects of inequality for the Institute for New Economic Thinking in a new series called "Inequality 101".
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The State Quick & New: Dalia Marin – Europe in Need of State-Led Research
Crowding-In is the new Crowding-Out: Dalia Marin argues that Europe, and Germany in particular, should support companies with greater state-led technological investments.
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Inequality Rebottling the Gini: why this headline measure of inequality misses everything that matters
In an article for Prospect Magazine Angus Deaton and Anne Case argue against the use of the most common indicator on inequality.
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New Paradigm From New Deal to Green New Deal Lessons from the post-war shift
In a project for Forum New Economy, Laurie Laybourn-Langton (IPPR) explores the strategies and means of organisation employed by those seeking a paradigm shift before, during and after WWII. The study was presented at the Fifth New Paradigm Workshop in Paris last year, where we also interviewed Laurie about his work.
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The State Eine gute öffentliche Infrastruktur ist das Fundament einer gerechten Gesellschaft
In einem Essay für Makronom argumentiert Tom Krebs, dass eine gut ausgebaute öffentliche Infrastruktur die Grundvoraussetzung für Egalität in der Gesellschaft darstellt.
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New Paradigm Quick & New: Dani Rodrick – The Changing Face of Economics
In a Project Syndicate article Harvard Professor Dani Rodrick argues that "the challenge for economists is to remain true to their empiricism without crowding out the imagination needed to envisage the inclusive and freedom-enhancing institutions of the future."
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New Paradigm The Power of Economic Models
In a new journal article, Philipp Heimberger, Jakob Huber and Jakob Kapeller study how economic models shape and reflect economic paradigms and hence policy programs.
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New Paradigm Das Forum New Economy im Interview mit dem RBB.
Das Inforadio vom RBB hat mit Direktor Thomas Fricke über Ungleichheit und Gerechtigkeit gesprochen.
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Europe The proposed reform of the European Stability Mechanism must be postponed
Eurozone finance ministers reached a preliminary agreement on a reform of the European Stability Mechanism in June, but failed to conclude it last week. The reform is now set to be discussed during the European Council meeting on 12-13 December. Shahin Vallée, Jérémie Cohen-Setton, Paul De Grauwe and Sebastian Dullien write that the proposal should not be endorsed in its current form. They argue it would represent a missed opportunity to secure a broader and more ambitious reform package.
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The State An Investment Agenda for Germany
The association of German employers (BDI) and the German trade unions (DGB) have called for an increase of investment spending of almost €500bn over the next ten years.
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New Paradigm INET 24-part lecture series: Economics for People with Ha-Joon Chang
Our partner institution Institute for New Economic Thinking (INET) has launched a new 24-part lecture series, "Economics For People" with University of Cambridge economist and bestselling author Ha-Joon Chang.
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Inequality Quick & New: Escaping the Inequality-Data Dark Ages
Thomas Piketty, Lucas Chancel, Facundo Alvaredo, Emmanuel Saez and Gabriel Zucman argue that we need to develop an internationally recognized set of indicators and methods for tracking income and wealth inequality.
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Globalization What were the Driving Forces in the 2019 UK General Election?
By Thiemo Fetzer (University of Warwick)
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Globalization Sorgen im Aufschwung – Wer hat Angst vor der Globalisierung?
Zum Start unseres Forums haben wir die Deutschen befragen lassen – zu Globalisierung, Abstiegsängsten und marktliberalen Dogmen. Jetzt liegen die Detailergebnisse auch nach Alter, Einkommen und Regionen vor, die Thomas Fricke für den „Wirtschaftsdienst“ ausgewertet hat. Danach haben vor allem die Über-50jährigen große Zweifel an der Globalisierung. Nachzulesen in der gerade erschienenen Dezember-Ausgabe.
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New Paradigm Quick & New: Forum New Economy in El País
Der Start unseres Forum hat auch jenseits der Grenzen für Aufmerksamkeit gesorgt. Ende November berichtete die spanische Zeitung El Pais über einen möglichen Paradigmenwechsel in Deutschland.
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New Paradigm Germany is falling out of love with economic orthodoxy
Thomas Fricke and Simon Tilford, directors at Forum New Economy, have written an opinion piece for the Financial Times. They argue that Germany could be on the cusp of another paradigm shift.
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New Paradigm A Forum’s Nobel talk about new paradigms
Nobel laureate Michael Spence on the lessons that have yet to be learnt from the Great Financial Crisis – and the potential for a new economic policy narrative.
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New Paradigm Top economist Branko Milanovic on how to reform capitalism
The complete keynote that Branko gave at the launch of our Forum in Berlin.
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New Paradigm Starting a Berlin-based Forum to promote new economic approaches
Climate change, dangerously high inequality, unstable financial markets and the looming crisis of globalization – all these challenges require fundamentally new answers — by Thomas Fricke and Simon Tilford.
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New Paradigm Berlin orthodoxy? What do Germans really think
A poll among Germans reveals deep scepticism regarding economic orthodoxies officially defended in the country.
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Globalization What really drives populist votes?
Recent insights and open questions. A paper by Thiemo Fetzer and Robert Gold for the Forum New Economy, October 2019.
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Inequality How unequal is Germany?
Update on the empirical evidence – first step of a multiannual research project.
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New Paradigm In den Medien – Wer hat was über uns geschrieben
Ein Überblick zu den Artikeln und Berichten zum Start des Forum New Economy in Berlin.
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Climate On The Economics Of A Green (New) Deal Green
By A Gueret, A Saussay, X Timbeau, OFCE, presented at the first Paris Workshop of the New Paradigm Initiative (now Forum New Economy)
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Europe Paradigm Shift in the Eurozone? The Market-Based Convergence Rationale
Basic Paper by Simon Tilford, Tony Blair Institute for Global Change and Christian Odendahl, Centre for European Reform.
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Finance Towards a New Paradigm: Stabilizing Financial Markets
By Moritz Schularick and Kaspar Zimmermann, University of Bonn
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The State From market fixing to market shaping: reframing growth policy
Mariana Mazzucato, Institute for Innovation and Public Purpose/ UCL, presented to the 3rd New Economic Paradigm Workshop.
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New Paradigm Why History is striking back
Nobel laureate Joe Stiglitz on the rebirth of History 30 years after the fall of the wall
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Europe A European Unemployment (Re) Insurance as a European public good
Presentation to 4th New Paradigm Workshop, Sebastian Dullien, HTW Berlin.
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Climate Getting Real About A European Green Deal
By Carlo Jaeger and Sarah Wolf, Global Climate Forum, Potsdam University, presented at the Paris New Paradigm Initiative Workshop.
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The State The Macroeconomic Effects of Public Investment: Evidence from Advanced Economies
Abdul Abiad, Davide Furceri and Petia Topalova, IMF Working Paper, May 2015
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Finance Between debt and the devil: Money, credit and fixing global finance
Adair Turner, Princeton University Press, 2017
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Climate Shifting Paradigms in Carbon Pricing
By Ottmar Edenhofer, Brigitte Knopf et al., Mercator Research Institute for Climate Change
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Europe Output gap nonsense: How a false exactitude in economics has led to a terrible politics in the EU
Adam Tooze, Social Europe, April 2019
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The State Quantifizierung der gesamtwirtschaftlichen und fiskalischen Effekte ausgewählter Infrastruktur- und Bildungsinvestitionen in Deutschland
Tom Krebs and Martin Scheffel, University of Mannheim Working Paper, September 2016.
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Climate Where will the money come from?: How to finance a Green New Deal
By William White (ex-BIS, OECD), panel comments for the 5th Workshop of the New Paradigm Initiative (now Forum New Economy) held in Paris.
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Finance House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent it from Happening Again
Atif Mian and Amir Sufi, University of Chicago Press.
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Climate The economics of societal disruptions: The case of climate policies
By Patty Fong, European Climate Foundation, presented to the 2nd New Economic Paradigm Workshop
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New Paradigm New books for a new paradigm
A wave of recently-published books could contribute to the emergence of a new economic Leitmotiv.
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New Paradigm Overview of other initiatives worldwide
Other organizations on board with the sentiment of the Forum.
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New Paradigm Dani Rodrik on the political economy of ideas
Highlighting the role of ideas as a catalyst for policy and institutional change.
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New Paradigm Paradigm shifts in major global institutions
A major study on what has already has changed in important institutions around the world since the high-time of market-liberalism.
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New Paradigm New Paradigm Workshops – an overview of past events
Since its inception in 2017, the New Paradigm Initiative has held numerous panel and workshops.
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Innovation Lab Beyond growth: Towards a new economic approach to sustainable and inclusive prosperity
Michael Jacobs, prepared for New Approaches to Economic Challenges (NAEC), September 2019.
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Inequality Changes in the global income distribution and their political implications
By Branko Milanovic, City University of New York. presentation to the 2nd New Economic Paradigm Workshop
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Globalization The economics of societal disruptions: Globalization in Germany
Jens Südekum on globalization in Germany.
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Innovation Lab Poking the purpose of paradigms: What might an economy be for, anyway
Maja Göpel, PRESENTATION to the 3rd New Economic Paradigm Workshop.
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Inequality Die neue Wohnungsfrage: Gewinner und Velierer des deutschen Immobilienbooms
By Moritz Schularick, University of Bonn
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Innovation Lab The wealth of humans: Work, Power and Status in the 21st Century
Ryan Avent, St Martin’s Press, 2016.
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Innovation Lab Systematic collapse and resilience
Igor Linkov, Carnegie Mellon University, PRESENTATION to the New Approaches to Economic Challemges (OECD) conference 'Averting System Collapse’, Paris 17th-18th September, 2019.
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Innovation Lab Doughnut economics: Seven ways to think like a 21st Century economist
Kate Raworth, Chelsea Green Publishing, 2017.
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Innovation Lab The Origin Of Wealth: Evolution, Complexity and the Radical Remaking of Economics
Eric Beinhocker, Harvard Business Press, 2006
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Innovation Lab Thrive: The Power of Evidence-based Psychological Therapies
Richard Layard and David Clark, 2014, Allen Lane
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Inequality Top incomes in Germany, 1871-2014
By Charlotte Bartels, The Journal of Economic History, September 2019
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Europe Rethinking fiscal policy choices in the eurozone
Paul de Grauwe and Yuemei Ji, VOX CEPR Policy Portal, October 14th, 2019.
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The State CHART: The steep decline in net public investment
Total capital expenditure minus the cost of replacing worn-out depreciation of assets.
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The State New Economy in Progress
The challenges of our time require us to rethink the role of the state and the need for a more active fiscal policy.
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The State What went wrong?
Reducing the role of the state in the economy was seen as the best way to ensure high levels of growth.
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The State The Challenge
Decaying infrastructure and a lack of investment in education and innovation expose the weaknesses of an overly market-driven paradigm
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Finance CHART: Financial crises in advanced economies, 1870-2015
Evidence shows that larger and more complete financial markets have not led to a reduction in the incidence of financial crises. On the contrary, systemic risk is back.
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New Paradigm Lessons from the post-war shift
Laurie Laybourn-Langton argues that the central lesson from the post-war paradigm shift is that it took economic collapse and war.
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Inequality What went wrong?
It is often repeated that inequality is just a transitory phenomenon and is necessary for dynamism and economic growth.
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Inequality The Challenge
Inequality in advanced countries, such as Germany, has reached levels of 100 years ago.
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Globalization New Economy in Progress
Globalization produces discontent and policy needs to take costs and compensation more seriously.
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Globalization What went wrong?
Liberalizing international trade will lift all boats, since the losers from globalization can easily be compensated.
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Globalization The Challenge
The long post-war wave of globalization has come to a halt and the world economy is now threatened by disintegration.
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Finance New Economy in Progress
A better financial system needs to counter herding, booms and busts and the inherent tendency towards instability.
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Finance What went wrong?
The efficient market hypothesis stipulated that bubbles could not exist and that the market is the best disciplining device.
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Finance The Challenge
The 2008 Global Financial Crisis was the worst economic crisis since the Great Depression and the world still suffers from systemic financial instability.
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Europe New Economy in Progress
New research focuses on the policies – macroeconomic, institutional and regulatory – needed to ensure convergence, prevent shocks and improve crisis management.
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Europe What went wrong?
A deep belief in self-regulating markets and market-driven integration failed to lead to convergence. It instead led to divergence and major imbalances.
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Europe The Challenge
The ECB’s continuing program of bond purchases and its emergency lending to struggling banks show the underlying instability of the eurozone.
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Inequality New Economy in Progress
Inequality is a political choice, produces discontent and can even lead to financial instability.
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New Paradigm Michael Jacobs on the power of paradigms
Michael's presentation at the launch of the Forum New Economy on October 31, 2019 in Berlin.
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