EUROPE CORONA CRISIS

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.

LATEST NEWS

INNOVATION LAB  | NEW ECONOMY SHORT CUT 19 January 2022

“The New Economics: A Manifesto”

Steve Keen has written a new book where he breaks with mainstream economic modeling. In our New Economy Short Cut, Steve discussed his ideas for a new kind of economics with Ann Pettifor and Peter Bofinger. Can his proposals remedy existing shortcomings in the current system?

INNOVATION LAB 22 DECEMBER 2021

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.

INNOVATION LAB  | NEW ECONOMY SHORT CUT 19 January 2022

“The New Economics: A Manifesto”

Steve Keen has written a new book where he breaks with mainstream economic modeling. In our New Economy Short Cut, Steve discussed his ideas for a new kind of economics with Ann Pettifor and Peter Bofinger. Can his proposals remedy existing shortcomings in the current system?

INNOVATION LAB 22 DECEMBER 2021

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.

INNOVATION LAB  | NEW ECONOMY SHORT CUT 19 January 2022

“The New Economics: A Manifesto”

Steve Keen has written a new book where he breaks with mainstream economic modeling. In our New Economy Short Cut, Steve discussed his ideas for a new kind of economics with Ann Pettifor and Peter Bofinger. Can his proposals remedy existing shortcomings in the current system?

INNOVATION LAB 22 DECEMBER 2021

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.

INNOVATION LAB 7 OCTOBER 2021

Economic Change Unit creates research base for new economic concepts

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.

INNOVATION LAB 2 SEPTEMBER 2021

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.

INNOVATION LAB  | SYMPOSIUM 31 August 2021

Symposium: Prosperity in the 21st Century

In the pandemic, doubt has grown that the way we do business and deal with risks is sustainable. Corona is a wake-up call and catalyst for a restructuring of the global and German economic model. But what does that mean? What could a different way of doing business look like?

INNOVATION LAB 15 FEBRUARY 2021

Beyond Growth: Toward a New Economic Approach

Michael Jacobs writes about new goals and benchmarks for economic and social progress. The report, written for the OECD, is now available in German.

INNOVATION LAB  | NEW ECONOMY SHORT CUT 19 January 2021

On the best/ worst of Mankiw

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.

INNOVATION LAB 30 OCTOBER 2020

Robert J. Shiller on “Narrative Economics – How Stories Go Viral and Drive Major Economic Events”

The Nobel Prize-winning economist explains the idea behind his research on economic narratives and enumerates the main findings included in the book.

INNOVATION LAB 11 SEPTEMBER 2020

Beyond Growth: Towards a New Approach

The OECD has published a new report by Michael Jacobs, prepared for New Approaches to Economic Challenges (NAEC), September 2020.

INNOVATION LAB  | NEW ECONOMY SHORT CUT 4 September 2020

Angrynomics - with Mark Blyth and Eric Lonergan

In the third edition of our Short Cuts we had the pleasure of hosting Mark Blyth and Eric Lonergan to talk about their new book "Angrynomics".

OTHER 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.