Mathias Binswanger

Mathias Binswanger (2008)

Mathias Binswanger (born October 10, 1962 in St. Gallen ) is a Swiss economist . He is professor of economics at the University of Applied Sciences Northwestern Switzerland in Olten , private lecturer at the University of St. Gallen and a publicist .

activities

Binswanger began his academic career at the ETH Zurich with a degree in chemistry, which he broke off after two semesters, whereupon he began to study economics at the University of St. Gallen and graduated with a licentiate . He received his doctorate from the University of Kassel and completed his habilitation again at the University of St. Gallen. In 1998 he was appointed professor by the Northwestern Switzerland University of Applied Sciences.

Binswanger was visiting professor, lecturer and lecturer at various universities, for example at the University of Basel , at the Technical University of Freiberg in Germany, at the Qingdao Technological University and Lanzhou University in China and at the Banking University in Ho Chi Minh City , Vietnam .

His main research interests lie in the fields of macroeconomics , financial market theory , environmental economics, and research into the relationship between happiness and income . In addition, like his father Hans Christoph Binswanger , he advocates the thesis of a forced growth in the money economy . His models of the economic cycle sparked a controversy on the subject of forced growth (→ Stock-Flow Consistent Model ). The thesis of the compulsion to grow is presented in detail in the book The Compulsion to Grow - Why the Economy Must Keep Growing, Even When We Have Enough .

Mathias Binswanger publishes in specialist journals as well as in the press. From 2011 onwards, he wrote a column every two months in the marketplace section of the Swiss Month magazine , and until 2015 he wrote a column on economic trends for the Bilanz magazine . Since 2019 he has been writing regular articles for the blog Never mind the markets , which u. a. appears in the Tagesanzeiger , Berner Zeitung and Basler Zeitung . He is the author of the book Die Tretmühlen des Glücks, published in 2006 , which became a bestseller in Switzerland. In September 2010 pointless competitions appeared , in March 2015 the book Money from Nowhere and in 2019 The Compulsion to Grow . According to the Economists Influence Ranking of the Neue Zürcher Zeitung , Mathias Binswanger has been one of the most influential economists in Switzerland for years and was cited most often by politicians as a source of inspiration in 2019.

Mathias Binswanger is the son of the economist Hans Christoph Binswanger . The well-known psychiatrist and founder of Daseinanalysis Ludwig Binswanger is his great-uncle .

Publications (selection)

Books

• Information and entropy . Ecological perspectives of the transition to an information economy . Dissertation. Campus-Verlag, Frankfurt / New York 1992, ISBN 3-593-34774-1 .
• Stock Markets, Speculative Bubbles and Economic Growth . Edward Elgar, Cheltenham 1999, ISBN 1-84064-071-5 .
• The treadmills of happiness . We always have more and we don't get happier. What can we do? Herder, Freiburg 2006, ISBN 978-3-451-05809-7 .
• Globalization and agriculture. More prosperity through less free trade . With a foreword by Hermann Knoflacher . Picus-Verlag, Vienna 2009, ISBN 978-3-85452-583-7 .
• Pointless competitions. Why we produce more and more nonsense. Herder, Freiburg 2010, ISBN 978-3-451-30348-7 .
• Money out of nowhere. How banks enable growth and cause crises. Wiley-VCH, Weinheim 2015, ISBN 978-3-527-50817-4 .
• The need to grow - why the economy has to keep growing, even when we have enough . Wiley-VCH, Weinheim 2019, ISBN 978-3-527-50975-1 .
• More prosperity through less free trade in agriculture - agriculture and globalization . Picus-Verlag, Vienna 2020, ISBN 978-3-7117-2094-8 .

Important articles in trade journals

• From Microscopic to Macroscopic Theories: Entropic Aspects of Ecological and Economic Processes. In: Ecological Economics. 8, 1993, pp. 209-233.
• The Finance Process on a Macroeconomic Level from a Flow Perspective: A New Interpretation of Hoarding. In: International Review of Financial Analysis. 6, 1997, pp. 107-131 ( PDF; 2.09 MB )
• Stock Market Booms and Real Economic Activity: Is This Time Different? In: International Review of Economics and Finance. 9, 2000, pp. 387-415 ( PDF; 140 kB )
• Technological Progress and Sustainable Development: What about the Rebound Effect? In: Ecological Economics. 36, 2001, pp. 119–132 (PDF; 122 kB)
• How Important Are Fundamentals? Evidence from a Structural VAR Model for the Stock Markets in the US, Japan and Europe. In: Journal of International Financial Markets, Institutions & Money. Vol. 14, No. 2, April 2004, pp. 185–201, doi: 10.1016 / j.intfin.2003.06.001 ( PDF; 144 kB )
• Why Does Income Growth Fail to Make Us Happier? Searching for the Treadmills Behind The Paradox of Happiness. In: Journal of Socio-Economics. Vol. 35, No. 2, April 2006, pp. 366–381, doi: 10.1016 / j.socec.2005.11.040 ( PDF; 168 kB )
• Is there a Growth Imperative in Capitalist Economies? A Circular Flow Perspective. In: Journal of Post Keynesian Economics. Vol. 31, No. 4, 2009, pp. 709–730, doi: 10.2753 / PKE0160-3477310410 ( PDF; 679 kB )

Web links

• Literature by and about Mathias Binswanger in the catalog of the German National Library
• Mathias Binswanger's website with curriculum vitae
• “Rewards are enemies of curiosity” , interview with Susan Boos in WOZ Die Wochenzeitung , No. 49, December 9, 2010
• Prosperity: “We must never be satisfied” , Interview with Peer Teuwsen in der Zeit , No. 34, August 18, 2011
• The banks create money out of nothing , Interview in der Zeit Online , February 19, 2016
• The critics are wrong - we always have to keep growing Interview in Der Standard , July 24, 2019

Videos

• Money creation; Growth; Speculation. Lecture at the University of Bayreuth, May 7th, 2013.
• More videos on Mathias Binswanger's YouTube channel .

Individual evidence

1. ^ Mathias Binswanger: Is there a growth imperative in capitalist economies? a circular flow perspective . In: Journal of Post Keynesian Economics . tape 31 , no. 4 , 2009, p. 707-727 , doi : 10.2753 / PKE0160-3477310410 . Preprint as work report No. 1 of the FHNW School of Business .
2. ^ Mathias Binswanger: The growth imperative revisited: a rejoinder to Gilányi and Johnson . In: Journal of Post Keynesian Economics . tape 37 , no. 4 , May 2015, p. 648-660 , doi : 10.1080 / 01603477.2015.1050333 .
3. ↑ Mathias Binswanger, Guido Beltrani, Robert Kölbl: Why must grow modern money economies? In: Hans Peter Aubauer, Hermann Knoflacher , Klaus Woltron (eds.): Capitalism tamed? Social prosperity within the boundaries of nature . Peter Lang, Vienna 2010, ISBN 978-3-631-58919-9 , pp. 203-231 .
4. ↑ Oliver Richters, Andreas Siemoneit: Consistency and Stability Analysis of Models of a Monetary Growth Imperative . In: Ecological Economics . tape 136 , June 2017, p. 114–125 , doi : 10.1016 / j.ecolecon.2017.01.017 . Preprint: VÖÖ Discussion Paper 1, February 2016, hdl : 10419/144750 .
5. ^ A. Reeves Johnson: Response to "Comment on Johnson's creating dimensional stock-flow inconsistency in Binswanger's model" . In: Journal of Post Keynesian Economics . 2018, doi : 10.1080 / 01603477.2018.1458631 .
6. ↑ Never mind the markets , tagesanzeiger.ch, accessed on September 30, 2019.
7. ↑ Stefan Häberli: These economists are heard - the NZZ ranking 2019 . The power of economists in federal Bern is overestimated . In: Neue Zürcher Zeitung , 21./22. September 2019.