Rethinking Economics

Economics between Industry and Science

January 23rd/24th, 2012
Tower 185, Friedrich-Ebert-Anlage 35-37, Frankfurt am Main, Germany

During a jointly organised Conference, the Stifterverband and the Handelsblatt discussed what contribution economics can make to addressing the challenges that have arisen since the financial and economic crisis. What are the consequences of the new demands in practice for research and teaching?

Ökonomie neu denken (Logo)For some years now, traditional approaches have been questioned in economics. There are growing demands for research to demonstrate more openness towards alternative concepts and review the focal contents of teaching.

Furthermore, economics ought to address concrete social and practice-relevant challenges more strongly than it has done in the past.

Important input for the discussion surrounding the tasks ahead and a possible reorientation of economics can be expected from a more in-depth dialogue between science and representatives of industry and society. Here, the Stifterverband seeks to fulfil its role as a platform for cooperation and exchange between science and industry and shed light on the economy from the perspective of scientific reflexion and practice.

Approx. 250 scientists, business representatives and politicians as well as some 30 high-ranking junior economists who participated via a fellowship programme attended the conference.


January 23rd, 2012

Welcome Addresses
  • Prof. Dr. Andreas Schlüter (General Secretary, Stifterverband)
  • Lutz Roschker (Partner, PricewaterhouseCoopers)

Event Hosts:
  • Dirk Hinrich Heilmann (Chief Economist, Handelsblatt)
  • Olaf Storbeck (International Economics Correspondent, Handelsblatt)

Key Note: Do economic crises reflect crises in economics?
  • Diane Coyle, Ph.D., OBE (Managing Director of Enlightenment Economics, Vice Chair of the BBC Trust and Visiting Professor at the University of Manchester, UK)

Session 1: New standards for economic policy.
Sovereignty of consumers versus soft paternalism?
  • Armin Falk (Professor of Economics and Director of the Center for Economics and Neuroscience and the Laboratory for Experimental Economics at Bonn University (BonnEconLab), University of Bonn)
  • Prof. Dr. Michael Hüther (Director and Board Member of the Institut der deutschen Wirtschaft Köln)

Lunch Break

14.15 h
Session 2: New standards for measuring wealth.
Do we need an alternative to the GDP?
  • Dr. Paul Schreyer (Deputy Head of the National Accounts Division, Deputy Chief Statistician of the OECD, Paris)
  • Dr. Stefan Bergheim (Founder and Director of the Center for Societal Progress, Frankfurt/Main)
  • Dr. Jörg Mayer-Ries (Head of Division, General and Fundamental Aspects of Environmental Policy, Environmental Protection and Sustainability Strategies, Supervisor, Federal Environment Agency, Federal Ministry of Environment, Nature Conservation and Reactor Safety, Berlin)

Coffee Break

16.30 to 18.00h
Session 3: New standards for political action.
How is policy advice given by economics?
  • Philippe Legrain (Principal Adviser and Head of the Analysis Team at the Bureau of European Policy Advisers)
  • Prof. Dr. Markus Brunnermeier (Edwards S. Sanford Professor of Economics at Princeton University's Bendheim Center for Finance, New Jersey, USA)

19.30 to 22.00h
Evening Reception


January 24th, 2012

Keynote: The Challenges of Economic Thinking in Practice
  • Thomas Mayer (Chief Economist, Deutsche Bank AG, Frankfurt/Main)

Round Table Talks "Rethinking Economics"

Coffee Break

Key Note
  • Kenneth Rogoff (Professor of Economics, Harvard University, and Deutsche Bank Prize-winner 2011, Cambridge, USA

Session 4: New standards for academic action
What does higher education teach? Is it (still) appropriate? What kinds of economists do we need? What are teaching (and research) conditions like in higher education? (Panel Discussion)
  • Prof. Dr. Tomás Bayón (Academic Dean, Professor of Marketing and Service Management, German Graduate School of Management and Law [GGS], Heilbronn)
  • Prof. Dr. Justus Haucap (Professor of Economics, Heinrich Heine University, Düsseldorf)
  • Dr. Thomas Hueck (Chief Economist, Robert Bosch GmbH)
  • Robert Johnson, Ph.D. (Executive Director of the Institute for New Economic Thinking and Senior Fellow and Director of the Global Finance Project for the Franklin and Eleanor Roosevelt Institute, New York, USA)
  • Linda Kleemann (Research Assistant, Kiel Institute for the World Economy, Kiel)
  • Prof. Dr. Andreas Suchanek (Dr. Werner Jackstädt Chair for Business and Corporate Ethics, Leipzig Graduate School of Management)

Concluding dialogue of the hosts
Perspectives for economics: What (new) approaches are needed in research and teaching? How can new approaches be promoted? Which new issues have resulted from the Conference? Where is there a need for action?
  • Dirk Hinrich Heilmann (Chief Economist, Handelsblatt)
  • Olaf Storbeck (International Economics Correspondent, Handelsblatt)

End of Conference | Lunch Buffet | Departure of Participants


Conference Booklet

Program, hosts, speakers, fellows and sponsors

PDF download


Ann-Katrin Schröder-Kralemann

Schröder, Ann-Katrin

Programme manager
+49 201 8401-140

Contact by e-mail