Princeton Economist Urges Germany to Rethink Business and Labor Policies
Princeton University's Markus Brunnermeier, a renowned economics professor, has been critical of Germany's slow adaptation to evolving industries and technologies. He suggests a shift in business administration, labor market flexibility, and economic policy resilience. Brunnermeier will share his insights at a symposium hosted by Germany’s Federal Ministry for Economic Affairs in Berlin on Monday, 11th November 2025.
Brunnermeier believes Germany should move away from narrow specialists and towards more generalists in business administration to foster adaptability. He argues that the concept of a 'job for life' is outdated and that Germany's labor market and professional roles should be more flexible to keep up with changing demands.
Brunnermeier also thinks Germany should not rely solely on exporting combustion engines, given the growing popularity of electric cars. Instead, he advocates for actively embracing innovation and new technologies. He believes that Germany's economic policy should be resilient and adaptable to shocks, learning from past crises.
At the symposium, Brunnermeier will discuss these topics alongside Carsten Schneider, the Federal Minister for Economic Affairs. Schneider is expected to emphasize the need for increased engagement from the German economy in the energy transition and strengthening supply security through innovative technologies and collaborations.
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