Prof. Dr Andreas Freytag (left) and Prof. Dr Uwe Cantner discuss in the science podcast EXPERTISEN.

The Role of the State for the Economy in the Corona Crisis

Are market-based incentives sufficient or does the state need to become more involved in the economy in light of the corona pandemic? Prof. Dr. Andreas Freytag and Prof. Dr. Uwe Cantner discuss this in the podcast LAUTGEDACHT.
Prof. Dr Andreas Freytag (left) and Prof. Dr Uwe Cantner discuss in the science podcast EXPERTISEN.
Image: Anne Günther (University of Jena)

Prof. Dr Uwe Cantner

Uwe Cantner is Professor of Economics/Microeconomics and Vice President for Young Researchers and Diversity Management at the Friedrich Schiller University Jena. He conducts research on innovation economics topics such as start-ups, industrial dynamics and cooperation. Since 2019, Cantner has also been chairman of the six-member Commission of Experts for Research and Innovation (EFI), which advises the German government with an annual expert report.

 

We must ask ourselves how we can get the economy moving again. And we must do so in such a way that the whole thing is not just an economic effect that briefly boosts us, but one that allows us to successfully manage social transformation. In doing so, it is not only new technologies that need to be mastered, but also their social consequences.

Prof. Dr. Uwe Cantner

Prof. Dr Andreas Freytag

Andreas Freytag is Professor of Economic Policy at the Friedrich Schiller University Jena. In his research, he mainly deals with foreign trade and development policy issues. With his expertise in these fields he supports, among others, the European Centre for International Political Economy in Brussels and the South African Institute of International Relations in Johannesburg.

 

During the crisis, there was a brief shortage of masks, which immediately caused all the bad things in governments that one can imagine. The lesson we should learn from this is that such shortages can be quickly resolved by market-based incentives. If there is a shortage, the price rises and immediately others come and say: That’s an opportunity! There is no need to control things too much.

Prof. Dr. Andreas Freytag

Information

Since November 2008, the Global Trade Alert has been reporting promptly on potentially discriminatory government measures. This initiative is coordinated by the Centre for Economic Policy Research at the University of St. Gallen under the direction of Prof. Dr Simon Evenett.

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