A recent lecture series at the University of Gießen (Winter Semeter 2021/22) took a look at “solutions for a just and more equitable economic order “. The series focused on rethinking the economy to achieve a more sustainable economic future.

Considering the topic, it is not surprising that Prof. Bernhard Neumärker was one of the speakers. As an ardent proponent of a New Ordoliberalism and the concept of social sustainability, Neumärker has been dealing with the feasibility of reforming the current welfare state for years. His Gießen lecture was entitled “Net Basic Income: crisis basic income as an entry point to resilient governance and welfare state reform”.

The Corona pandemic has aggravated already existing economic and social problems. Policies against the spread of the virus lead to a massive decline in earnings. So alongside the health crisis, many people have been plunged into a financial crisis as well. This is where Neumärker’s concept of a net basic income as a crisis basic income comes in. As an introductory model for resilient governance and welfare state reform, it could in the long term be transformed, step by step, into a fully-fledged basic income.

The Gießen lecture is in German, but you can find another lecture on Net Basic Income in English here.