Thomas Fricke: Where do we go from here? 1/5

The transcript discusses the emergence of new economic thinking in Germany, highlighting the challenges in economic dialogue between Germany and the US. It explores Germany's economic success and the shift in perspectives among German economists. The conclusion emphasizes the ongoing changes and future outlook for economic thinking in Germany.

Who initiated the interest in new economic thinking in Germany?

• Thomas Stauber

• Roman Freedman

• Joseph Stiglitz

• George Akerlof

What was one of the main challenges in introducing new economic thinking in Germany?

• Lack of interest from economists

• Political opposition

• Cultural differences between Germany and the US

• Insufficient funding for research

Why is it difficult for Germany to change its economic paradigm?

• Lack of skilled economists

• Political instability

• High unemployment rates

• Economic success and surplus country status

What recent development has significantly impacted German economic thought?

• Introduction of new economic policies

• Influential economists adopting new perspectives

• Increased funding for economic research

• Political changes in the government

What is the current state of economic thinking in Germany according to the conclusion?

• Stagnant and unchanging

• In the midst of a revolution

• Completely aligned with US thinking

• Focused solely on traditional methods