A Chair of Political Economics is rare in Germany. At the same time the title is irritating when compared to English-language chairs with this name: this chair is not a place of the criticism of globalization, but the attempt to build on older German traditions (without falling for them): to think of and academically analyze state, politics, and economics systematically as interdependence.
The chair is oriented towards institutional economics (modern institutional economics), without giving up micro- and macroeconomics, public choice, evolutionary economics, and system theory. Added to this is a pronounced interest in policy and politics research. Without knowledge of political processes, constitutional issues (constitutional economics), political concepts, and political management, the complex field of politics/economics interaction cannot be understood.
The aim of the research at the chair is a new economic theory of the state, mainly in the context of globalization, the knowledge, and the service society.
Not only in Eastern Europe but also in the West do we experience large-scale transformational processes with restructuring: due to overburdening the state is giving up public duties and responsibilities which society itself has to take on. The welfare states have created financing crises, the demographic development encounters infrastructures that do not fit, radical changes into the knowledge society encounter educational systems that do not prepare for this society, social systems no longer provide what politics has promised etc. Here we are facing partly completely new challenges that can no longer be appropriately met by the means and objectives of older concepts of state. Not only politics is turning into (permanent) reform politics, but also the theories have to be checked whether they are not part of the problem. Therefore, methodical questions are highly relevant.
The research field is transdisciplinary. That is why, in addition to specific topics, the chair always works on methodological questions (integration of networks, communication, complexity, etc. into economic theoretical possibilities). The chair is open towards other disciplines and actively looks for research cooperations: political science, sociology, constitutional law, administrative science, history, philosophy, etc.