In his book "Exit, Voice and Loyalty," the American economist Albert O. Hirschman describes the reaction options to the decline of companies and states. Many companies, when given the choice, tend to opt for "exit." "Voice," on the other hand, plays ...

Germany could tolerate more inequality, provided it arises for the right reasons.

Die kapitalismuskritische Entwicklungsorganisation Oxfam hat sich wieder einmal für eine konfiskatorische Besteuerung von reichen Menschen auf der ganzen Welt ausgesprochen. Den ärmsten Menschen wird auf diese Weise nicht geholfen.

The German retail investor remains loyal and the inflation potential from Corona savings remains high. At the same time, beyond the aggregate data, the risk of social tensions becomes apparent.

The new Bertelsmann study polishes up the cliché of justice.

The ECB tries to keep inflation expectations under control through its communication. In its forecast models, however, it is subject to an argumentative circular argument. The time for illusional self-fulfilling prophecy is over.