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When politics meet economics: WZB-Mitteilungen analyzes the crisis
31 August 2012
Social Science Research Center / Wissenschaftszentrum Berlin fuer Sozialforschung
Regulation is the linchpin of discussion about ways out of the current financial, European, and climate crises. Whether from economic, legal or sociological perspectives—contributions in the September issue of the WZB Mitteilungen sound out the scope within which national and international institutions can maneuver.
To illustrate the failure of the Euro states, Kurt Biedenkopf uses the case of Greece as an example: effective European governance is lacking. Only a fiscal and banking union could guarantee the primacy of democratically responsible politics over financial markets, states Mattias Kumm. The unexplored possibilities of market interventions is examined in three articles: Roni Mann laments the EU commission’s half-heartedness in arguing in favor of an introduction of a financial transaction tax; Pieter Dietsch and Thomas Rixen design a more just international taxation system; and Sebastian Botzem warns of losing the ecological control effect of emissions trade through speculator influence.
Apart from the focus theme financial crisis, other contributions are included in the issue about: the specific German discourse about creditors, the recent development of private equity, and the risks and chances of the new culture of protest. The WZB Mitteilungen is published quarterly in an edition of 11,000 copies; subscriptions are free. The texts are mainly in German, partly in English.