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
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.
The New Paradigm Papers of the Month of August
Once a month the Forum New Economy is showcasing a handful of selected research papers that lead the way towards a new economic paradigm.
The New Paradigm Papers of the Month of July
Once a month the Forum New Economy is showcasing a handful of selected research papers that lead the way towards a new economic paradigm.
The New Paradigm Papers of the Month of June
Once a month the Forum New Economy is showcasing a handful of selected research papers that lead the way towards a new economic paradigm.
The New Paradigm Papers of the Month of May
Once a month the Forum New Economy is showcasing a handful of selected research papers that lead the way towards a new economic paradigm.
The New Paradigm Papers of the Month of April
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 Forum Website - What's New
Two and a half years after our launch, we are giving our content a makeover. Here's an overview of the most important changes.
The New Paradigm Papers of the Month March
Once a month the Forum New Economy is showcasing a hand full of selected research papers that lead the way towards a new economic paradigm.
Review and outlook for 2022
We take a look at what the past year has meant for us as a Forum, and for us all - and give you a glimpse of the exciting projects we are planning for 2022.
A Manifesto for a New Economics
How to make economics fit for the 21st century. Steve Keen has written a book on "The New Economics".
Bidenomics – Bringing a new paradigm into practice?
Some voices claim Joe Biden has kindled a new era in policymaking that may stimulate fiscal changes also in Germany. At our IX New Paradigm Workshop, Barry Eichengreen argues that while public beliefs have transformed, congressional attitudes still lag behind.
On designing a new overall economic paradigm
During our IX New Paradigm Workshop, we spoke to Diane Coyle and Michael Jacobs about why economics needs to change and what it takes to design an overarching economic paradigm.
IX New Paradigm Workshop - A new economy, where are we?
Cornwall Consensus, Bidenomics, established economists calling for a new social contract - many things point to a change of course. But where do we really stand in the fall of 2021? This is the leading question of our IX New Paradigm Workshop.
A new economy – where are we?
Cornwall Consensus, Bidenomics, established economists calling for a new social contract - many things point to a change of course. But where do we really stand in the fall of 2021? This is the leading question of our IX New Paradigm Workshop.
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.