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.

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".

INNOVATION LAB 11 AUGUST 2020

Measuring What Matters – A GDP Critic

Joseph Stiglitz describes the problematic focus on GDP when measuring the well-being of societies. He advocates for the use of a dashboard with individual indicators for each country.

INNOVATION LAB 17 JUNE 2020

A Market for Values and its role in reconciling capitalism and democracy, economics and ethics

In a guest contribution for Forum New Economy, Marco Senatore, Senior Civil Servant at Italy's Department of the Treasury discusses his notion of a market for values.

INNOVATION LAB 20 MARCH 2020

OECD (NAEC) Conference – Integrative Economics

On March 5-6, 2020 our partner organization NAEC at the OECD hosted a conference on “Integrative Economics”. The event featured epidemiologist Joshua M. Epstein, Nobel Prize laureate James Heckman and many others.

INNOVATION LAB 20 MARCH 2020

Robert Shiller on Narratives and the Next Paradigm

Narratives are still underrepresented in economic research. Robert Shiller wants that to change and points to the huge influences in economic developments fueled by narratives.

INNOVATION LAB 17 MARCH 2020

Robert Shiller on Epidemics of Narratives – and the Corona-Crisis

Nobel prize laureate Robert Shiller is the expert when it comes to narratives in economics. We had the chance to talk to him this monday in an exclusive Forum New Economy seminar about his new book, important narratives and the parallels to the current crisis.

INNOVATION LAB 1 NOVEMBER 2019

Poking the purpose of paradigms: What might an economy be for, anyway

Maja Göpel, PRESENTATION to the 3rd New Economic Paradigm Workshop.

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.