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
Should We All Work Less?
In most economies, people today work as much as they did decades ago, despite increases in productivity. Why is that the case? We invited leading researchers to our New Paradigm Workshop to discuss the answers.
Should We All Work Less?
In most economies, people today work as much as they did decades ago, despite increases in productivity. Why is that the case? We invited leading researchers to our New Paradigm Workshop to discuss the answers.
“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?
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.
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.
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.
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?
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.
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.