New Forum Website - What's New
Two and a half years after our launch, we are giving our content a makeover. Here's an overview of the most important changes.
Shock therapy for Market Orthodoxy
Super Depreciations – The recession remedy? Short Cut Highlights
In its coalition agreement, the traffic light government announces an investment premium for "climate protection and digital assets" - the "super depreciation". What economic effects does the government expect from the bonus? Clemens Fuest, Sandra Detzer, Achim Truger and Markus Herbrand in Short Cut.
The New Paradigm Papers of the Month March
Once a month the Forum New Economy is showcasing a hand full of selected research papers that lead the way towards a new economic paradigm.
Putting an End to Darwinian Competition in Europe
Interview: Annual Economic Report – Rethinking Prosperity?
From a Better Understanding of the Drivers of Populism to a New Political Agenda
Forum Working paper series - a new contribution by Robert Gold on the drivers of and measures against populism
Debating Central Bank Mandates
Need for Reform of German Financial Supervision
New Economy Interview: 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.
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.
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.
OUR MAIN TOPICS
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.
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THE ROLE OF
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.
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.
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.
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.
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.
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.
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.
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.