Introduction to the History of Economic Thought - Masterclass at the University of Basel

In cooperation with Dr. Andrea Franc, Prof. Dr. Dres. h.c. Bertram Schefold contributed a video lecture on the history of economic thought to a masterclass at the University of Basel. In his lecture he discusses the development of economic theory from the acient times until the present. 

Link to the video:

Appointment as an Honorary Professor at the Peking University (PKU)

After his two-month stay as an distinguished visiting professor at the PKU in the previous year, Prof. Dr. Dres. h.c. Bertram Schefold was appointed as an honorary professor by the School of Economics of the PKU. 

Article of the Faculty of Economics and Business

The Pandemic and Europe

In light of the current Covid-19 crisis, Prof. Dr. Dres. h.c. Bertram Schefold  discussed possible economic policy solutions for Europe on the Frankfurter interdisziplinäre Debatte. He argues in favor of a compromise between an Ordoliberal and Keynesian approach in order to ensure Europe's future economic and political system, showing that a mutual understanding between the European south and north is necessary. 

The Frankfurter interdisziplinäre Debatte is a platform for interdisciplinary discussions on current challenges. The aim is to provide a scientific comprehensive perspective on current socio-political topics.

Link to the article:

Engagement in China and Japan

In light of ongoing projects, Prof. Dr. Dres. h.c. Bertram Schefold had been at universities in China and Japan. 

FAZ-Article: Der Neo-Fisher-Effekt. Die historische Alternative zur Nullzinspolitik – Nominalzins und Realzins

6th of July 2019 - FAZ No. 154, p. 27

In his article on the Neo-Fisher effect Prof. Dr. Dres. h.c. Bertram Schefold focuses on the zero interest rate policy of the European central bank. He discusses present challenges and presents the Neo-Fisher effect as a possible alternative to the current monetary policy.  

To the articel (German)

Link to the article: 

Letter of Recommendation

If you need a letter of recommendation, please feel free to contact me. However, most universities do not ask for a recommendation letter anymore but just for a letter of motivation. Anyone who attended a seminar of mine or had a longer conversation with me may write my name in a letter of motivation after having asked for my consent. 

Regarding a letter of recommendation, I would like to point out that a letter of recommendation must be justified. General letters of recommendation are not particularly effective and are therefore only rarely authorized by me. It must be clear whether the person, whom the referring person knows well, belongs to the particular course of study or position.

If you need a letter of recommendation, you can contact me via mail so that we can carry out the next steps. Please add your grades and CV to the mail. 

Both volumes "Great economic thinkers" are available as E-Books

Dear students,

GDPR Your data

The commencement of the General Data Protection Regulation (GDPR) obliges the chair to obtain an approval for the use of personal information on its web page. Unfortunately we do not have the contact information of every person. If you wish that your information (e.g. your name and the topic of your thesis) is removed from our web page, simply contact us by mail: a.biermann[at]wiwi.uni-frankfurt[dot]de

Chinese and European History of Economic Thought in Comparison

Since 2017, Prof. Dr. Dres. h.c. Bertram Schefold is a senior fellow at the Forschungskolleg Humanwissenschaften. Together with Prof. Dr. Iwo Amelung he researches on the Chinese and European history of economic thought in comparison

In light of this project, they organised a conference in 2019. 


Damien Nega makes 3rd place in competition for Fraport academic prize

Damien Nega, participant of last year's bachelor seminar "Von Gustav Schmoller zur modernen Institutionenökonomik", made third place in the 2017 competition for the Fraport academic prize awarded by the alumni association "Frankfurter Wirtschaftswissenschaftliche Gesellschaft" (fwwg). 

His paper titled "Die Entstehung der historischen Schule" ["The Emergence of the Historical School"] is therefore counted among this year's distinguished bachelor term papers.

The prize had first been awared in 2004 by the fwwg. 

Image source:

More information on the fwwg's academic award here.


Senior professorship

Ever since March 1974 Professor Dr. Dres. h.c. Bertram Schefold has held a professorship at the Goethe University's Faculty of Economics and Business Administration, which has now been turned into a senior professorship. The Chair of Economic Thought will continue to offer a range of highly qualified courses and to improve its supervisory relations to students and degree candidates. We are glad to retain at the University of Frankfurt Prof. Schefold as professor emeritus, who will attend to the courses "Einführung in die Volkswirtschaftslehre" and "Theoriegeschichte" during the summer term 2012.

(published on May 7th 2012)

Prof. Dr. Dres. h.c. Bertram Schefold awarded the Guggenheim Prize

Prof. Dr. Dres. h.c. Bertram Schefold has been awarded the Guggenheim Prize 2010 in Beer Sheva, Israel. With the "Thomas Guggenheim Prize in the History of Economics", the Israeli Ben Gurion University of the Negev honors Prof. Schefold for his life's work as scholar of the history of economic thought. Prof. Schefold is the the first awardee.

The top photo shows late chancellor Prof. Weinblatt, Prof. Schefold and the prize sponsor Prof. Thomas Guggenheim (from left to right) during the ceremonial distinction of the awardee in December 2010. The photo below shows the award.

First Italian-German double doctoral graduation distinguished

The dissertation by Carlo d'Ippoliti, which has been supervised amongst others by Prof. Dr. Dres. h.c. Bertram Schefold, has received two awards for outstanding academic achievement. Having been honored with the "History of Economic Thought Young Scholar Award" of the American History of Economics Society, as well as with the "Storep Young Scholar Awards" of the Italian Association for the History of Political Economy, it is the first Italian-German double doctoral graduation. It was finalized in October 2009 with the involvement of the Goethe University's Faculty of Economics and Business Administration.

Along with Prof. Dr. Dres. h.c. Bertram Schefold, Professoressa Marcella Corsi (PhD) from the University "La Sapienza" in Rome has supervised Carlo d'Ippoliti's dissertation. Secondary referees were Prof. Annamaria Simonazzi of Rome and Prof. Dr. Rainer Klump of Frankfurt. A double doctoral graduation permits the candidates to acquire one doctoral degree in Frankfurt in addition to another at a foreign university by means of a single ordinary procedure.  

Carlo d'Ippoliti's dissertation titled "Diversity and Economics" has been graded summa cum laude and deals with economic discrimination on grounds of one's gender. It is based on the one hand on an investigation of John Stuart Mill and Gustav Schmoller against the background of the history of economic thought. On the other hand Carlo d'Ippoliti analyzes with the help of empirical methods the situation of women in the Italian labor market. The approach linking the history of economic thought and empirical methods is combined with a critical examination of the framework in which the gender-discrimination problem is treated by the neoclassical mainstream in modern economics. An attempt is made to develop an heterodoxical approach to analyzing the special role of women in the labor market by means of a recourse to the works and insights of older branches of theory.


The dissertation has now been published in bookform:

D'Ippoliti, Carlo: Economics and Diversity. Abington and New York: Routledge 2011.