The main motivation behind the first research area, ‘Economic and Social Dynamics’, is to derive optimal economic policies to address current and future economic challenges, such as economic transformation driven by artificial intelligence or the pursuit of sustainable and inclusive prosperity. This area also covers traditional issues relating to public finance and optimal taxation.
The second research area focuses on the design of political institutions to maximise prosperity in societies and on how fair collective decisions can be achieved in pluralistic and increasingly polarised societies.
Methodologically, the Graz Schumpeter Centre designs and analyses theoretical economic models, draws insights from empirical analyses and numerical simulations, and – depending on the research question – supplements economic approaches with interdisciplinary research methods where appropriate.
