Volume 60
September/October 2025 · Number 5

Editorial

• Winning Back the Future – Preparing for a Comeback of Democracy

  Thomas Fricke

Forum

• Policy Innovation for a New World Order

  • Towards the Next World Order – Lessons from History

    Adam Tooze

  • Beyond Trade Wars and Economic Nationalism – Towards a Cooperative Global Governance

    David Kläffing, Thomas Fricke

  • A Migration Bargain

    Ian Goldin

  • It Should Be About the Economy – Are Voters Stupid?

    Robert Gold

  • Beyond the Fixation on Carbon Pricing: A New Framework for Designing Climate Policy

    Isabella Wedl, Eric Lonergan

Articles

• Other Revenue for the EU Budget – Status Quo and Potential

  Margit Schratzenstaller, Philipp Heimberger, Veronika Kubeková, Margarita Sanz

• Structural Change in Germany: Challenges for Growth and Productivity

  Thilo Kroeger, Claudia Schaffranka, Monika Schnitzer

• Europe’s Critical Raw Materials: Balancing Strategic Needs with Environmental Protection

  Vitor Correia, Eberhard Falck

Letter from America

• A Digital Payment System for European Monetary Autonomy

  Nicholas Creel