Mapping the State of a Shifting Paradigm
by Thomas Fricke, Xhulia Likaj, Maren Buchholtz, Sonja Hennen, Tom Krebs, David Kläffling
Modern Climate Policy: Moving Beyond the Market-Liberal Paradigm
by Tom Krebs
Proactive regional policy: What a new policy to avoid socio-economic disruptions could look like
by Jens Südekum
From Planetary Emergency to Regenerative Economies - Accounting for Nature in Measures of Sustainable Development
by Jana Stöver and André Reichel
Narrative Economics: Europe as a "Transferunion" or "Risikogemeinschaft"? An empirical analysis
by Doris Neuberger and Edoardo Beretta
Growth, Degrowth or Post-growth? Towards a synthetic understanding of the growth debate
By Xhulia Likaj, Michael Jacobs & Thomas Fricke
Well-being at the Heart of Policy: Lessons from National Initiatives Around the OECD
by Nicola Brandt, Carrie Exton & Lara Fleischer
From a Better Understanding of the Drivers of Populism to a New Political Agenda
by Robert Gold
New perspectives on monetary policy
by Moritz Schularick
Failure and Need for Reform of German Financial Supervision
by Martin Hellwig & Gerhard Schick
Debating Central Bank Mandates
by Adam Tooze
Inequality in Germany – Policy measures to reverse the trend
by Stefan Bach, Markus M. Grabka and Marc C. Adam
The Prudence Principle – A New Framework for Eurozone Fiscal Policy
by Marc Blyth & Eric Lonergan
Public financing of climate and other investments into the future
by Tom Krebs, Janek Steitz & Patrick Graichen
Public financing requirements for climate investments in the period 2021-2030
by Tom Krebs & Janek Steitz
A new fiscal policy for Germany
by Philippa Sigl-Glöckner, Max Krahé, Pola Schneemelcher, Florian Schuster, Viola Hilbert & Henrika Meyer
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.
the role of
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.