GLOBALIZATION

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.

LATEST NEWS

NEW PARADIGM 9 JANUARY 2023

Inflation as Distributional Conflict?

Where does inflation come from? On a simple question without a simple answer.

NEW PARADIGM 5 JANUARY 2023

The New Paradigm Papers of the Month of January

Once a month the Forum New Economy is showcasing a handful of selected research papers that lead the way towards a new economic paradigm.

NEW PARADIGM 22 DECEMBER 2022

Looking Back on the Year and Forum Outlook for 2023

We take a look at what the past year has meant for us as a Forum and for all of us, and provide a glimpse into the exciting projects we are planning for 2023.

NEW PARADIGM 9 JANUARY 2023

Inflation as Distributional Conflict?

Where does inflation come from? On a simple question without a simple answer.

NEW PARADIGM 5 JANUARY 2023

The New Paradigm Papers of the Month of January

Once a month the Forum New Economy is showcasing a handful of selected research papers that lead the way towards a new economic paradigm.

NEW PARADIGM 22 DECEMBER 2022

Looking Back on the Year and Forum Outlook for 2023

We take a look at what the past year has meant for us as a Forum and for all of us, and provide a glimpse into the exciting projects we are planning for 2023.

KNOWLEDGE BASE
NEW PARADIGM

The Crisis of a Former Paradigm

As a sign of a missing paradigm that holds societies together, liberal democracies today are facing their most serious crisis since World War II.

What Went Wrong

An ever-growing mountain of empirical evidence indicates that large parts of today’s crises are to be linked to the late effects and collapse of the market-liberal paradigm that has guided policymaking in most of the world since the 1970s.

New Economy in Progress

Since the critical financial crisis in 2008, the search for a new paradigm much more adequate than the former market-preference to rise to today’s challenges has accelerated. And, while a coherent new paradigm is not yet ready, a lot of new answers and actors have emerged.

IN-DEPTH CONTENT

NEW PARADIGM 1 NOVEMBER 2020

Paradigm shifts in major global institutions

A major study on what has already changed in important institutions around the world since the high-time of market-liberalism.

NEW PARADIGM 2 NOVEMBER 2019

Berlin orthodoxy? What do Germans really think

A poll among Germans reveals deep scepticism regarding economic orthodoxies officially defended in the country.

NEW PARADIGM 2 NOVEMBER 2019

Starting a Berlin-based Forum to promote new economic approaches

Climate change, dangerously high inequality, unstable financial markets and the looming crisis of globalization – all these challenges require fundamentally new answers — by Thomas Fricke and Simon Tilford.

NEW PARADIGM 1 NOVEMBER 2020

Paradigm shifts in major global institutions

A major study on what has already changed in important institutions around the world since the high-time of market-liberalism.

NEW PARADIGM 2 NOVEMBER 2019

Berlin orthodoxy? What do Germans really think

A poll among Germans reveals deep scepticism regarding economic orthodoxies officially defended in the country.

NEW PARADIGM 2 NOVEMBER 2019

Starting a Berlin-based Forum to promote new economic approaches

Climate change, dangerously high inequality, unstable financial markets and the looming crisis of globalization – all these challenges require fundamentally new answers — by Thomas Fricke and Simon Tilford.

NEW PARADIGM 9 JANUARY 2023

Inflation as Distributional Conflict?

Where does inflation come from? On a simple question without a simple answer.

NEW PARADIGM 5 JANUARY 2023

The New Paradigm Papers of the Month of January

Once a month the Forum New Economy is showcasing a handful of selected research papers that lead the way towards a new economic paradigm.

NEW PARADIGM 22 DECEMBER 2022

Looking Back on the Year and Forum Outlook for 2023

We take a look at what the past year has meant for us as a Forum and for all of us, and provide a glimpse into the exciting projects we are planning for 2023.

NEW PARADIGM 2 DECEMBER 2022

The New Paradigm Papers of the Month of December

Once a month the Forum New Economy is showcasing a handful of selected research papers that lead the way towards a new economic paradigm.

NEW PARADIGM 22 NOVEMBER 2022

The End of the Bidenomics Saga and Brits in Retro Mode

If it had needed one more proof of how much governments are currently stuck between the old paradigm of the market-liberal era and something new: The Americans and the British are currently providing some illustrative material.

NEW PARADIGM 14 NOVEMBER 2022

How the Market Liberal Paradigm Rose to Dominance — And Why It Crumbles

A new book by historian Gary Gerstle traces the forces that led to the rise and fall of the market liberal political order and outlines what this means for the politics of the moment.

NEW PARADIGM 4 NOVEMBER 2022

Failed Bidenomics? From Thatcher and Reagan to Truss and Trump

Is it a coincidence that democratic functioning is so deeply disturbed in precisely those two countries that were celebrated forty years ago as economic liberal role models?

NEW PARADIGM 3 NOVEMBER 2022

The New Paradigm Papers of the Month of November

Once a month the Forum New Economy is showcasing a handful of selected research papers that lead the way towards a new economic paradigm.

NEW PARADIGM 17 OCTOBER 2022

Directed Technological Change and Good Jobs

Is it time to direct technological change in a labour friendly way? This question was discussed by Anton Korinek, Elisabeth Reynolds, and Ana Dujić.

NEW PARADIGM 17 OCTOBER 2022

The New Paradigm Papers of the Month of October

Once a month the Forum New Economy is showcasing a handful of selected research papers that lead the way towards a new economic paradigm.

NEW PARADIGM 28 SEPTEMBER 2022

Top Economists Worry About New Thinkers at OECD

Some of the world's best-known economists have written a letter of protest to the Secretary-General of the OECD. The background is the fear of a significant downgrading of the OECD initiative "New Approaches to Economic Challenges" (NAEC).

OTHER MAIN TOPICS

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.