The future of our economy and our prosperity: state or market?

Topic:          The future of our economy and our prosperity: state or market?

Speaker:     Prof. Oliver Budzinski, Professor of Economic Theory and Director of the Institute of Economics, TU Ilmenau

Time:          Friday, April 25, 2025, 3:00 p.m.

Place:         TU Ilmenau,Faradaybau, Weimarer Straße 32

Admission: 5 Euro

In autumn 2024, there are increasing signs of a difficult economic development: pessimistic economic forecasts, reports of a lack of competitiveness, alleged threats to our companies from Chinese state-owned companies, dependence on American digital corporations, bureaucratization, etc. As a result, more than a few are calling for the state to finance the economic turnaround through targeted investment in the "right" innovations and technologies, in infrastructure and in German and European "champion" companies.

But is this a promising strategy? What offers us better economic opportunities in the current global economic environment - should we rely on the state or the market? On global trade or on economic autonomy with a focus on domestic supply chains? What does all this mean for jobs and inflation? And for ambitious social goals in areas such as sustainability and education? In his lecture at the TU Ilmenau Citizens' Campus, Oliver Budzinski, Professor of Economic Theory and Director of the Institute of Economics at the TU Ilmenau, will explore these questions and provide answers as to whether everything is really getting worse or whether the future offers at least as many opportunities as risks.

Ursula Nirsberger
TU Ilmenau Bürgercampus
+ 49 3677 69 4794
buergercampus@tu-ilmenau.de