For decades, climate economists and policymakers have favored market-driven solutions with minimal government intervention, advocating carbon pricing as the primary climate policy instrument. The Inflation Reduction Act (IRA), enacted in 2022, represents a fundamental departure from this...

Driften die Vermögen in Deutschland auseinander? Und hat das Gefälle Ausmaße erreicht, die wirtschaftlich wie gesellschaftlich problematisch sind? Diese Fragen lösen in Deutschland seit Jahren emotional geführte Streits aus. Dabei schien es lange Zeit selbst unter Wissenschaftlern und...

Starting from a world in which resources have become scarce and planetary boundaries have been reached or exceeded, the paper discusses how these changes affect our understanding of (economic) progress and sustainable development. In doing so, the paper addresses three important points in the...

Arguments about the possibility and desirability of exponential economic growth have animated the environmental movement for half a century, since the publication of the Club of Rome report The Limits to Growth in 1972. The debate has been revived in recent years as the climate crisis has...

The COVID-19 crisis is both an enormous challenge and a shock that has prompted many to rethink the status quo. The socio-political effects of the pandemic go far beyond the economy and health care system, touching on many aspects of people's lives and societies' communal fabric, from jobs to...

This paper first describes the basic idea of Helicopter Money and the context in which it evolved from Milton Friedman’s famous 1969 essay until today. We discuss the challenges facing advanced economies, to which Helicopter Money has been proclaimed a possible solution. The paper provides a...

Given how controversially inequality is still being discussed by both academics and policy makers in Germany, we discuss methodological issues related to the measurement of inequalities and review the literature and empirical estimates of different forms of inequality. One important issue is the...