Economic growth, inequality and finance in historical perspective

Thursday, 2 Nov 2017, 9.30-17.20

Kingston University, Penrhyn Road Campus, JG3010

This workshop is part of the INET project ‘Income Distribution, Asset Prices, and Aggregate Demand Formation, 1850-2010: A Post-Keynesian Approach to Historical Macroeconomic Data’ and is organised by the Political Economy Research Group and CResCID. The project utilizes long-run macroeconomic and financial data (100+ years) to explore the interactions of inequality, distribution between capital and labour, growth regimes, asset prices, and debt.

The workshop will take place on Thursday 2^nd November at Kingston University, London. The aim is to create an opportunity for thorough discussion on the possibilities of historical data and historical perspectives in macroeconomic analyses of the nexus of inequality, economic growth and the financial sector. This is a growing and promising field and we believe that to gather a small group of researchers active on those themes, will facilitate advances in the field, cross-fertilization of research projects, and branch new research ideas.

Registration is required. Register here http://www.kingston.ac.uk/events/item/2818/02-nov-2017-economic-growth-inequality-and-finance-in-historical-perspective/

9.30-10.00: Registration and coffee (room 3013)

Engelbert Stockhammer & Erik Bengtsson – Introduction to the workshop + project

 10.00-12.00: Session I

Erik Bengtsson (Lund University): “Wage-led and profit-led growth in Scandinavia since 1875” (co-authored with Engelbert Stockhammer)

Eoin McLaughlin (St Andrews): “A Sustainable Century?: Genuine Savings in developing and developed countries, 1900-2000” (co-authored with Matthias Blum and Cristián Ducoing)

 12.00-13.00: Lunch

13.00-15.00: Session II

Engelbert Stockhammer (Kingston University): The effects of income distribution and private wealth on consumption and investment, 1855-2010 (co-authored with Joel Rabinovich and Niall Reddy)

Lucio Baccaro (Max Planck Institute for Study of Societies), “Unhinged: Industrial Relations Liberalization and Capitalist Instability” (co-authored with Chris Howell)

15.00-15.20: Coffee

15.20-17.20: Session III

Natacha Postel-Vinay (LSE), “The Impact of Fiscal Policy on Interwar British Growth: A Narrative Approach” (co-authored with James Cloyne and Nicholas Dimsdale)

Giorgos Gouzoulis (Kingston University): Testing Minsky’s business cycle theory with historic data: The cases of USA (1929-2015) and UK (1850-2015) (co-authored with Engelbert Stockhammer)