Article overview
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.
Inequality in Germany – How to reverse the trend
Is there only a perceived divergence of income and wealth in Germany? The factual situation and the assessment of concrete policy measures at the VIII. New Paradigm Workshop.
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.
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.
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.
Controversy over rent cap
What are the current economic debates on housing? A brief overview of the most important points of contention.
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.
The forgotten history of European Community debt
Sebastian Horn, Josefin Meyer, Christoph Trebesch show that since the 1970s, the European Commission has placed more than a dozen community bonds on private markets, which were guaranteed by the member states and distributed to countries in crisis.
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.
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.
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.
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.
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?
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.