Thomas Mayer (Economist)

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Thomas Mayer (born January 3, 1954 in Backnang ) is a German economist . In January 2010 he became chief economist at Deutsche Bank . Mayer left this position on May 31, 2012 and has since headed the Flossbach von Storch Research Institute think tank for the Flossbach von Storch AG asset management company in Cologne .

resume

Mayer did research for his doctorate 1978-1982 at the Institute for World Economics in Kiel . In 1982 he received his doctorate from the Christian Albrechts University in Kiel . From 1983 to 1990 he held various positions at the International Monetary Fund in Washington. Then he switched to the private sector. From 1990 to 1991 he worked for Salomon Brothers , between 1991 and 2002 for the investment bank Goldman Sachs in London. In 2002 he passed the Chartered Financial Analyst exam . From 2002 to 2009 he was "Chief European Economist and Co-Head of Global Economics" at Deutsche Bank in London.

As the successor to the retired Norbert Walter , Mayer became "Chief Economist" of the Deutsche Bank Group and Head of Deutsche Bank Research in 2010 . In the course of the transfer of power from Josef Ackermann to Anshu Jain and Jürgen Fitschen , Mayer announced his resignation. His successor on June 1, 2012, was David Folkerts-Landau , who until then was head of the “Markets Research” department at Deutsche Bank.

Thomas Mayer published numerous articles on international and European economic topics and commented on them in the media. He is a member of the jury for the Ludwig Erhard Prize for Business Journalism from the Ludwig Erhard Foundation .

Mayer is chairman of the board of trustees of the Prometheus think tank - the freedom institute of the FDP politician Frank Schäffler .

In 2015 the University of Witten / Herdecke appointed Mayer honorary professor .

Positions

In 2014 he published the book The New Order of Money - Why We Need a Monetary Reform , in which he criticized what he considered to be too frivolous lending by banks and the support of this practice by the central banks . The resulting Cantillon effect only benefits borrowers and leads to an increasing unequal distribution of financial assets. This factor is more important than the causes highlighted by Thomas Piketty .

Like representatives of the Austrian School , Mayer calls for the amount of money to be limited, but not by coupling it to the gold reserves of the states, but by depriving banks and states of any access to the creation of new money .

Mayer criticizes the European single currency: “The euro destroys all principles of the EU. Freedom and democracy are being replaced by foreign rule by the bureaucracy. The rule of law has long since degenerated into a farce due to permanent rule breaking. "( Mein Jahr 2016 )

In May 2018, together with Dirk Meyer , Gunther Schnabl and Roland Vaubel , he initiated the appeal The euro must not lead to the liability union! . This was supported by over a hundred economists.

In April 2019 he published a column in which he warned against a "Japaneseization of Europe": the EU, like Japan, has been caught in a vicious circle of low growth, even lower interest rates and low inflation for many years. The western industrialized countries caught up with the Japanese development through a real estate boom between 2003 and 2007 and the financial crisis in 2007/2008.

Books

  • Europe's unfinished currency: what's next for the euro? Wiley, Weinheim 2013, ISBN 978-3-527-50723-8 .
  • The New Order of Money - Why We Need Money Reform. FinanzBook Verlag, Munich 2014, ISBN 978-3-89879-840-2 .
  • The new art of investing money: Better portfolio management with Austrian Finance. FinanzBook Verlag, Munich 2016, ISBN 978-3-89879-986-7 .
  • The order of freedom and its enemies: On the revolt of the abandoned against the rule of the elites. FinanzBook Verlag, Munich 2018, ISBN 978-3959721271 .

Essays, articles (selection)

Interviews with Mayer (selection, chronological)

Web links

Individual evidence

  1. ^ Deutsche Bank: Thomas Mayer becomes chief economist . In: Manager Magazin , November 29, 2009
  2. ↑ "Germany has to ask itself whether it wants the euro" . Interview on wallstreetjournal.de.
  3. ^ A b Stefan Kaiser: Deutsche Bank dropout Thomas Mayer: Top banker fights against the monetary system , Spiegel Online, October 13, 2014.
  4. ↑ dbresearch.de
  5. ^ Deutsche Bank chief economist Mayer becomes an advisor to the bank . In: financial.de, April 13, 2012
  6. ^ Resignation: Chief economist of Deutsche Bank Thomas Mayer goes - FOCUS Online
  7. ↑ ludwig-erhard-stiftung.de: Members of the jury (accessed on August 26, 2014)
  8. ↑ www.uni-wh.de
  9. ↑ Thomas Mayer: The true cause of inequality. In: FAZ.net, September 27, 2014.
  10. ↑ Economists call: Europe must not lead in a liability union on faz.net (accessed on May 23, 2018)
  11. ↑ The Japaneseization of Europe: Zero interest rates and weak growth: What Japan has known for a long time, Europe is now also experiencing. That doesn't bode well , in: Frankfurter Allgemeine Sonntagszeitung , April 21, 2019 online
  12. ↑ Print version: Frankfurter Allgemeine Sonntagszeitung, November 16, 2014, page 36.
personal data
SURNAME Mayer, Thomas
BRIEF DESCRIPTION German economist
DATE OF BIRTH January 3, 1954
PLACE OF BIRTH Backnang