Abstract
In 2013, the German Council of Economic Experts advised the then future German government to pursue a decisively market-oriented economic reform agenda in the fields of labour market and pension policy, tax policy and climate policy. Yet, policy makers have ignored this advice, basically disregarding the foreseeable demographic transformation. Meanwhile, new additional challenges have emerged, which require a seriously revitalised German economy. Thus, the next German government should shift to a market-oriented course in its economic policy, particularly by unleashing entrepreneurial motivation.