'Does inequality hamper innovation and growth?' Alberto Russo & ‘A simple formalisation of Minsky's business cycle theory’ by Rob Jump
2017-03-22 16:00 - 18:00 UTC | Kingston University, Penrhyn Road, Kingston, Surrey, , KT1 2EE, United Kingdom
‘Does inequality hamper innovation and growth?’ by Alberto Russo (Marche Polytechnic University)
Abstract: The paper builds upon the Agent Based-Stock Flow Consistent model presented in Caiani et al. (2015) to analyze the relationship between income and wealth inequality and economic development. For this sake, the original model has been amended under three main dimensions: first, the households sector has been subdivided into workmen, office workers, researchers, and executives which compete on segmented labor markets. Conversely, firms are now characterized by a hierarchical organization structure which determines, according to firms’ output levels, their demand for each type of workers. Second, in order to account for the impact of income and wealth distribution on consumption patterns, different households classes – also representing different income groups – have diversified average propensities to consume and save. Finally, the model now embeds technological change in an evolutionary flavor, affecting labor productivity evolution in the consumption sector through product innovation in the capital sector, where firms invest in R&D and produce differentiated vintages of machineries. The model is then calibrated using realistic values for both income and wealth distribution across different income groups, and their average propensities to consume. Results of the simulation experiments suggest that more progressive tax schemes and labor market policies aiming to increase low and middle workers’ coordination, and to support their wage levels, concur to foster economic development and to reduce inequality, though the latter seem to be more effective under both respects. The model thus provides some evidence in favor of a wage-led growth regime, where improvements of middle-low levels workers’ conditions create positive systemic effects, which eventually trickle up also to high income-profit earners households.
‘A simple formalisation of Minsky’s business cycle theory’ by Rob Jump (Kingston University)
Abstract: This paper presents a simple model of Minsky’s business cycle theory. The model is based on the Phillips (1954) continuous time multiplier accelerator model, where firms have a target debt to income ratio, rather than a target capital to income ratio. Via a strategy switching mechanism, fluctuations with a smaller perceived volatility lead to firms reducing their margins of safety by moving towards higher debt to income ratios. This increases volatility, the economy is destabilised, and firms increase their margins of safety by moving towards lower debt to income ratios. Hence the cycle repeats itself, and “stability is destabilising”. The simple model relies on an approximate aggregation assumption, and we estimate the approximation bias numerically using techniques from agent based modelling.
Please join us for this event as part of the Economic Department Research Seminar Series, it is free to attend.
Booking and further information: http://www.kingston.ac.uk/events/item/2502/22-mar-2017-economics-research-seminar-with-alberto-russo-and-rob-jump/
Contact: Antoine Godin (A.Godin@kingston.ac.uk)
Venue: JG 3013
How to find us: The seminar takes place at Penryhn Road Campus (Kingston upon Thames, Surrey, KT1 2EE). Public Transport: take train from London Waterloo to Surbiton (20 mins approx.) and walk (15 mins approx.) or buses 71, 281, K2, K3 (5 mins approx.) from Surbiton Station to Kingston University. For further details and driving directions, please go http://www.kingston.ac.uk/aboutkingstonuniversity/location/howtofindus/penrhynroad/

IIPPE Training Workshop – Value and Price after Marx
2017-03-27 09:30 - 17:00
IIPPE Training Workshop – Value and Price after Marx
Mon 27 March, SOAS Brunei Gallery (room B102)
The International Initiative for Promoting Political Economy (IIPPE) announce their next Training Workshop at SOAS (room B102, in the Brunei Gallery), London on 27 March 2017 (registration from 9.30am).
Simon Mohun will lead the workshop. In the morning session (10am to 1pm), the focus will be on a Marxist approach to the understanding of value and price. The afternoon session will provide a comprehensive survey of approaches to the ‘transformation problem’, for which a prerequisite is either (and preferably) the morning session or some prior knowledge of the issues involved. In both sessions the emphasis will be on interpretation and logic, rather than any underlying mathematics.
This Workshop will appeal to undergraduate and postgraduate students, junior academics and activists who have a particular interest in acquainting themselves with core elements of Marxian political economy.
Pre-registration is essential because of room capacity constraints. Please register by completing the online form.
To learn about IIPPE, their activities, working groups and events, access www.iippe.org.

Economic Policies since the Global Financial Crisis Conference
2017-03-30 09:00 - 17:00 | Senior Combination Room (SCR), St Catharine’s College, Cambridge, United Kingdom
Economic Policies since the Global Financial Crisis Conference
This conference, organised by the Cambridge Trust for New Thinking in Economics (CTNTE), focuses on how economic policies have changed in response to the Global Financial Crisis (GFC) from the viewpoint of the ‘New Economics’, an interdisciplinary approach that is concerned with institutional behaviour, expectations and uncertainty as opposed to traditional economics with its emphasis on equilibrium, mathematical formalism and deterministic solutions.
The Conference brings together eight papers by renown academics across Europe to explore the fiscal policy responses in the immediate aftermath of the GFC changes to the economic policies and attitudes to the financial sector and its regulation the development of ‘unorthodox’ monetary policies changes to industrial policy, labour market and environmental policies the impact of growing concerns over inequality on the policy agenda.
The papers explore the fate of these policy developments at both national and supra-national level.
Registration forms and more detailed information regarding the conference programme, speakers and papers is available online http://www.neweconomicthinking.org/prog_30March2017.htm
The standard conference fee is £129, with a special rate of £44 for academics, not-for-profit organisations and placement students. Free places are available for postgraduate students.
Please email Sanna at info@neweconomicthinking.org to register or for more information.

Post-Brexit Options for the UK: Combining Legal and Economic Analysis Workshop
2017-03-30 09:30 - 17:30 | Peterhouse, Trumpington Street, Cambridge , CB2 1RD, United Kingdom
The UK government faces a major challenge in formulating a clear plan for Brexit. Its current position is that departing the EU necessarily entails leaving the European Economic Area and customs union. The Prime Minster has said that ‘no deal’ is better than a ‘bad deal’. Thus it is possible that at the end of March 2019, the UK will fall back on WTO rules. While the government may have worked out the legal and institutional implications of this scenario, it has not shared this information with the public. By its own admission, the government has not undertaken any economic analysis of the possible effects of Brexit, beyond the work carried out by the Treasury before the referendum of June 2016. In these circumstances, there is an urgent need for informed public debate on the consequences of Brexit. On 30 March 2017 the Cambridge Public Policy Strategic Research Initiative and Centre for Business Research (CBR) will be holding a Workshop to explore the legal and economic context of the momentous decision to trigger Article 50. We will be reporting the state of the art on legal issues which include the WTO option, migration, citizen’s rights, the UK’s ‘exit bill’, free movement, taxation, social policy, and the legal mechanics of leaving, including the proposed ‘Great Repeal Act’. We will also be presenting the latest results from the CBR’s economic forecasting model, UKMOD, which has earned a reputation for accuracy and even-handedness in its analysis of the effects of Brexit.
Keynote speaker
James Wolffe QC, Lord Advocate for Scotland
Legal Issues:
Migration: Catherine Barnard
The WTO Option: Lorand Bartels
Sector-specific regulation: John Bell
Social and Economic Policy: Simon Deakin
Taxation: Julian Ghosh QC
The Great Repeal Act: David Howarth
EU Citizens’ Rights: Kirsty Hughes
Free Movement: Martin Steinfeld
The UK’s ‘Exit Bill’: Michael Waibel
Economic Forecast
Economic Scenarios Post-Brexit: Graham Gudgin, Ken Coutts and Neil Gibson
Registration
Registration is free but places are limited. To reserve a place please email Rachel Wagstaff (r.wagstaff@cbr.cam.ac.uk).
Location
The Theatre, Peterhouse, Cambridge CB2 1RD
http://www.pet.cam.ac.uk
We are grateful for the support of the University of Cambridge Impact Acceleration Account.

'Forgotten Macroeconomics in Mega Trade and Investment Deal' Dr Jeronim Capaldo
2017-04-05 13:00 - 15:00 | Greenwich University
A research seminar by Dr Jeronim Capaldo, of Tufts University, on the “Forgotten Macroeconomics in Mega Trade and Investment Deals”. #
Dr Capaldo’ s talk is based on a synthesis of two papers:
– The Trans-Atlantic Trade and Investment Partnership: European Disintegration, Unemployment and Instability
– Trading Down: Unemployment, Inequality and Other Risks of the Trans-Pacific Partnership Agreement
The seminar is jointly organised by the Greenwich Political Economy Research Centre (GPERC), the Foundation for European Progressive Studies (FEPS) and the department of International Business and Economics (IBE).
It will take place University of Greenwich Queen Anne court room QA180, from 13:00 to 15:00.

Capitalism on the Edge - What can women do to change how Capitalism works?
2017-04-05 17:15 - 2017-04-06 19:00 | Murray Edwards College, Cambridge, Huntingdon Road, Cambridge , CB3 0DF, United Kingdom
Join the last event in the Capitalism on the Edge series, to hear the insightful and action-oriented views of our panel members.

Panel discussion with Dame Pauline Green, Sue Garrard, and Natasha Landell-Mills discussing what women can do to change how Capitalism works.
Sue Garrard, SVP Global Communications, Unilever
Dame Pauline Green, former President of the International Cooperative Alliance
Natasha Landell-Mills, Head of Environment, Social and Governance Research, Sarasin & Partners
17:15 – 18:30 – Lecture
18:30 – 19:00 – Drinks reception (open to all)
Booking in advance is required see:
https://www.eventbrite.co.uk/e/capitalism-on-the-edge-what-can-women-do-to-change-how-capitalism-works-tickets-30518966049

Financialisation and the Periodisation of Capitalism Discussion
2017-04-25 18:00 - 20:00
IPPE financialisation working group invites to you a discussion on:
Financialisation and the periodisation of capitalism
25th April 2017, 6-8pm,
Khalili Lecture Theatre, SOAS, University of London
As the concept gains prominence within social sciences, debates arise about situating financialisation within the history of capitalism. Is financialisation a contingent product of the economic shifts of the 1970s and 1980s? Is it a long-run tendency of capitalism?
Join us for for a discussion about these issues with Prof. Photis Lysandrou (City University of London), Prof. Simon Mohun (Queen Mary University of London), and Prof. Jan Toporowski (SOAS). The speakers will introduce their different viewpoints and discuss some theoretical implications concerning the incorporation of contextual aspects with respect to space and time, based on questions prepared by the IIPPE financialisation working group. A general Q&A session will follow. The event is open to everyone, and is chaired by Dr Ulrich Volz, head of the department of Economics at SOAS. Please register at https://www.eventbrite.co.uk/e/financialisation-and-the-periodisation-of-capitalism-tickets-33249567351.

St Catharine’s Political Economy Seminar – ‘‘Calculating the Costs of Conflict’, Ron Smith
2017-04-26 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday 26 April 2017
Time: 18:00 -19:30
Speaker: Ron Smith
Talk Title: ‘‘Calculating the Costs of Conflict’
Location: Ramsden Room, St Catharine’s College
The next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity, will be held on 26 April, 2017 – Ron Smith will give a talk on ‘Calculating the Costs of Conflict’. The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School.
Speaker:
Ron Smith is Professor of Applied Economics at Birkbeck, University of London, where he teaches statistics and econometrics. Prior to joining Birkbeck in 1976, he taught at Cambridge. He has also been visiting professor at London Business School and the University of Colorado. He has written 6 books, edited another 3 and published over 200 papers mainly in applied econometrics and defence economics. His book Military
Economics: the interaction of power and money (Palgrave 2009) was shortlisted for the 2010 Duke of Westminster’s Medal for Military Literature. He has acted as a consultant to a range of bodies including Frontier Economics and the UK National Audit Office on defence projects.
He is an Associate Fellow of the Royal United Services Institute and regularly lectures at the UK Defence Academy. He was awarded the 2011 Lewis Fry Richardson lifetime achievement award for contributions to the scientific study of militarised conflict by the European Consortium of Political Research.
Talk Overview:
Conflict has a major influence on economic development and there is a large literature on the economic costs of military conflict. This presentation uses four questions to structure a discussion of the calculation of conflict costs. The first concerns the purpose of the calculation: why is it being done? The second concerns the counterfactual: what comparison is being made? The third concerns the data: where do the numbers come from? The fourth concerns aggregation and valuation: how are the elements of costs (over outcomes, time and individuals) combined? The literature is often not clear on the answers to these questions, tending to take them for granted. However, the answers are crucial to the calculation and are not merely technical matters of economics and statistics but rest on both the underlying objective of the calculation and fundamental philosophical and ethical judgements. The presentation will draw on “On the heterogenous consequences of civil war” (with Vincenzo Bove and Leandro Elia) Oxford Economic Papers forthcoming and “The Economic Costs of Military Conflict”, Journal of Peace Research, 51(2) March 2014 pp. 245 – 256.
Please contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (m.kitson@jbs.cam.ac.uk) in the event of a query.

“Income Distribution and Stability” by Dr Michael Kumhof and a presentation of research project findings “An investment and equality-led sustainable growth strategy”
2017-05-04 17:00 - 19:30
A key note lecture by Dr Michael Kumhof, Bank of England, on “Income Distribution and Stability”.
Followed by a presentation of the findings of our new research project on “An investment and equality-led sustainable growth strategy” and a panel discussion with:
Professor Ozlem Onaran
Prof. Stephany Griffith-Jones
Dr. Ernst Stetter ( Chair)
Ms Signe Dahl
Mr Paul Sweeny
Dr. Maria Nikolaidi
Dr. Giovanni Cozzi
The details of the programme are here.
The event is co-organised by the Greenwich Political Economy Research Centre, FEPS, ECLM and TASC on 4 May at 17:00-19:30 at the University of Greenwich, Queen Anne Court room QA080.
To book a place for the conference please register here.

It will take place at University of Greenwich, Queen Anne court room QA080.
This will be followed by a dinner reception.
Places must be booked at:
https://www.eventbrite.co.uk/e/investment-and-equality-led-sustainable-growth-strategy-tickets-30189120472
For the details of the programme and papers, see:
http://www.gre.ac.uk/__data/assets/pdf_file/0006/1355883/Programme-investment-and-equality-led-sustainable-growth.pdf

Detailed information on getting to University of Greenwich can be found here.

The 27th Annual Post Keynesian Study Group Workshop
2017-06-01
The 27th Annual Post Keynesian Study Group Workshop that will be held on 1 June 2017 at the University of Greenwich. The programme is available at: http://www.postkeynesian.net/downloads/events/program_AWS_2017_June.pdf
Speakers include: Sebastian Dullien, Roger Farmer, Daniela Gabor, Rob Jump, Daniela Prates, Engelbert Stockhammer, Jan Toporowski, Daniele Tori, and Roberto Veneziani.
If you are interested in participating, please register by using Eventbrite.
For any questions please contact Maria Nikolaidi (email: M.Nikolaidi@greenwich.ac.uk).
Tea and Coffee will be provided and we would be delighted if you could join us for dinner afterwards (at own expense).

An Introduction to Post-Keynesian economics and Political Economy
2017-07-05 - 2017-07-07
Kingston University and the Political Economy Research Group are organising an introductory workshop to Post-Keynesian economics and Political Economy. The aim of the workshop is to give interested students an opportunity to learn about alternative approaches to economics beyond the neoclassical mainstream.
The program:
Wednesday, 5 July, 9.00am – 7.00pm

Engelbert Stockhammer, Kingston University: Post Keynesian Economics, Introduction & overview
Jo Michell, University of the West of England: Money in the Economy: A Post-Keynesian Perspective
Ozlem Onaran, University of Greenwich: Aggregate demand, income distribution and the causes of unemployment
Panel discussion: Post Keynesian Economic Policy

Thursday, 6 July, 9.00am – 7.00pm

Simon Mohun, Queen Mary University: Introduction to Marxian Political Economy
Antoine Godin, Kingston University: A monetary theory of production. An introduction to SFC modelling
Ewa Karwowski, Kingston University Development in Post Keynesian and Marxist theories
Panel discussion: Financial stability, development, socialism: What does it mean for economic policy?

Friday, 7 July, 9.00am – 5.00pm

Gary Dymski, Leeds University: Post-Keynesian and Marxian Approaches to Economic Policy: Can Global Capitalism be Tamed?
Student working groups preparing questions for the Concluding Panel
Concluding Panel: The state of Political Economy and progressive economic policy. Open questions of the workshop
Rethinking Economics Challenges and achievements. Panel discussion on student initiatives and heterodox economics with Rethinking Economics London, Rethinking Economics Kingston, Reteaching Economics and lecturers from the workshop

The full program can be found here: http://fass.kingston.ac.uk/downloads/PERG-Conference-2017.pdf
The registration page can be found here: https://www.eventbrite.co.uk/e/an-introduction-to-post-keynesian-economics-and-political-economy-2017-tickets-33001915618
ACKNOWLEDGEMENT: This event has been supported by the Cambridge Political Economy Society Trust.

ASSOCIATION FOR HETERODOX ECONOMICS ANNUAL CONFERENCE
2017-07-10 - 2017-07-12
ASSOCIATION FOR HETERODOX ECONOMICS 19th Annual Conference
July 10-12, 2017
SUSTAINABLE ECONOMY AND ECONOMICS
Dalton Ellis Hall, University of Manchester, UK
CALL FOR PAPERS
How to Apply
Register for the conference by 15th March 2017, by submitting your application and abstract here:
https://goo.gl/forms/jVkLfumCfCMaaO2C2 (copy and paste link to a browser)
Word limit is 250 words, excluding references. Please keep a copy.
Streams and Papers
A Stream Proposal can be one or more sessions. Each session is around 90 minutes with approximately 3 Papers. We will appoint Chairs for each session from among the participants.
The price of the conference is £190 full registration, or £130 for postgraduates, retired, unemployed, low income, or concessions. The price includes two 2 dinners, an online booklet, and lunches/refreshments over 3 days. Accommodation and conference bookings will open around 1st March. You will be informed, via your registration email address, when bookings are open. Bookings will be first come-first served.
There are Early Career Researcher bursaries and a prize.
Full details can be found here: https://drive.google.com/open?id=0B6WcIic0m806Q0dGU1RTRi1Eb0U (copy and paste link to a browser)

Globalisation in Crisis?: The Urban and Regional Challenges of the Great Instability Conference
2017-07-13 - 2017-07-14 | McGrath Centre, St Catharine’s College, Cambridge, United Kingdom
The Cambridge Journal of Regions, Economy and Society (CJRES) will be running its fourth conference, ‘Globalisation in Crisis? The Urban and Regional Challenges of the Great Instability’ on 13-14 July 2017. The crisis of neoliberal globalisation, in all its manifestations, not only poses a challenge to our existing knowledge and approaches, it also provides an opportunity to take stock and think how we might contribute to the search for a new model of economic growth that is more spatially balanced, sustainable and inclusive. These topics and other related ones will be covered in the conference programme.
This conference will be celebrating 10 years of the Cambridge Journal of Regions, Economy and Society.
This conference is also running in conjunction with an ESRC research project, ‘City Evolutions’. For more details regarding the project see: www.cityevolutions.org.uk.
CALL FOR PAPERS
There is a call for papers associated with a special issue on the topic ‘Globalisation in Crisis: The Urban and Regional Challenges of the Great Instability’, in the Cambridge Journal of Regions, Economy and Society. Authors interested in contributing to this special issue are invited to submit an abstract of up to 500 words to:
Email Francis Knights: landecon-cjres@lists.cam.ac.uk
Deadline: 1 April 2017 (please note abstracts submitted after this date will not be considered)

Association for Social Economics (ASE) 2017 Summer Workshop
2017-09-15
The forthcoming Association for Social Economics (ASE) 2017 Summer Workshop is titled “Financialisation: what is it and why it matters for social economists”..
All welcome.
Please register your interest in attending the workshop at: https://business.leeds.ac.uk/about-us/article/association-for-social-economics-2017-summer-workshop/
Association for Social Economics (ASE) 2017 Summer Workshop

When: Friday 15 September 2017, 8.30 am – 6.00 pm
Location: Leeds University Business School, TR.03 Meadow Teaching Rooms

Join the Association for Social Economics for their 2017 Summer Workshop at Leeds University Business School.
For more information, please contact Giuseppe Fontana (G.Fontana@lubs.leeds.ac.uk).
The Association for Social Economics was founded in 1941 seeking to promote high quality research in the broadly defined area of social economics. Social economics is the study of the ethical and social causes and consequences of economic behaviour, institutions, theory and policy.

Climate Change and International Development: what needs to be done? by Sam Bickersteth
2017-09-19 08:00 - 17:00
6 December 2017: Climate Change and International Development: what needs to be done?

December 2015 marked a high point of multilateralism when 190 countries came together in Paris and agreed to take action on climate change. More than ever action on climate change needs to be taken as extreme climate events become the norm and tipping points ever nearer but in 2017 increased political uncertainty has made progress on the Paris Agreement harder to implement. Sam Bickersteth will provide his perspectives on a future agenda for action in the wake of the latest UN climate talks concluding on Bonn on 17th November 2017. Sam will draws on his experiences from a career in international development and leading the Climate and Development Knowledge Network (CDKN) over the past seven years. The lecture is part of the University of Greenwich Big Picture Lecture Series and it is co-organised by GPERC and FEPS.
Location: room SL101, University of Greenwich, Stephen Lawrence Building
Time: 17:00-19:00.
No booking is required by seating will be allocated in a first-come first-serve basis.

The Complexity Approach to Post Keynesian Macro-modeling
2017-10-05 17:00 - 19:00 | Greenwich University
5 October 2017: The Complexity Approach to Post Keynesian Macro-modeling by Corrado Di Guilmi
Research seminar by Corrado Di Guilmi, University of Technology Sydney, jointly organised by GPERC and FEPS.
Location: Room: QA065, University of Greenwich, Queen Anne Court
Time: 17:00-19:00

St Catharine’s Political Economy Seminar – ‘Neoliberalism, Institutional Blending and the Governance of Rural Land’, Ian Hodge
2017-10-11 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday 11 October 2017
Time: 18:00 -19:30
Speaker: Ian Hodge
Talk Title: ‘Neoliberalism, Institutional Blending and the Governance of Rural Land’
Location: Ramsden Room, St Catharine’s College
The next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity, will be held on 11 October, 2017 – Ian Hodge will give a talk on ‘Neoliberalism, Institutional Blending and the Governance of Rural Land’. The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Cambridge Judge Business School.
Speaker:
Ian Hodge is Professor of Rural Economy in the Department of Land Economy and Fellow of Hughes Hall at the University of Cambridge, where he has worked since 1983. He was Head of Department of Land Economy between 2002-2011. His primary research interests are in rural environmental governance, policy and economics, property institutions and rural development. He has previously worked at the Universities of Queensland in Australia and Newcastle upon Tyne in the UK. He has a PhD in Countryside Planning from Wye College, University of London and a BSc from the University of Reading.
Talk Overview:
There is a large literature on neoliberalism. Over time the literature has expanded to cover a variety of different issues. It is almost universally critical and has become increasingly incoherent and contradictory. One thread within neoliberalism, focusing on property rights, casts the debate in terms of public ownership and intervention versus private enterprise and ‘free’ markets. However, this obscures a more significant trend towards new approaches in governance that fall between these extremes that we term institutional blending. This recognises the major role of civil society, reallocation of property rights, provision of assurance and of public, private and third sector partnerships. It includes a role for an interventionist state that embraces many of the mechanisms that have been developed through neoliberal approaches. These will be illustrated taking examples from rural land management. The discussion questions whether this may represent a post-neoliberal approach to public governance.
Please contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query

Cambridge Realist Workshop – Tony Lawson - What is wrong with modern economics, and why does it stay wrong?
2017-10-16 19:30 - 21:00 | Latimer Room, Clare College, Clare College, Cambridge, United Kingdom
Speaker: Tony Lawson
Talk Title: ‘What is wrong with modern economics, and why does it stay wrong?’
Drinks available from 7:30 pm, talk starts at 8pm.

Credit Failures by Professor Herakles Polemarchakis
2017-10-18 17:00 - 19:00
18 October 2017: Credit Failures
Research seminar by Professor Herakles Polemarchakis, University of Warwick, jointly organised by GPERC, FEPS and the department of International Business and Economics (IBE).
Location: Room QA065, University of Greenwich, Queen Anne Court
Time: 16:00-18:00

Cambridge Society for Economic Pluralism - Is Economics Predictable?
2017-10-19 17:00 - 18:30 | Mill Lane Lecture Rooms, Silver Street , Cambridge, Cambridgeshire, CB2 1RL, United Kingdom
19 Oct – Is Economics Predictable? – Prof Tony Lawson & Dr Jochen Runde
Room 2, Mill Lane Lecture Rooms

University of London 'Keynes's Bretton Woods vision, Global Monetary Disorder, and the US Dollar today' Joerg Bibow
2017-10-19 17:00 - 19:00
Joerg Bibow (Skidmore College and Levy Economics Institute) will speak on
”Keynes’s Bretton Woods vision, Global Monetary Disorder, and the US Dollar today’
at the Money and Development Seminar on Thursday 19 October at 17.00
in Room 116, Main Building,
SOAS, University of London
Thornhaugh Street
London WC1H 0XG

St Catharine’s Political Economy Seminar – ‘How corporate governance is central to economic policy’, Ciaran Driver
2017-10-25 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday 25 October 2017
Time: 18:00 -19:30
Speaker: Ciaran Driver
Talk Title: ‘How corporate governance is central to economic policy’
Location: Ramsden Room, St Catharine’s College
The next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity, will be held on 25 October, 2017 – Ciaran Driver will give a talk on ‘How corporate governance is central to economic policy’. The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School.
Speaker:
Ciaran Driver is Professor of Economics in the School of Finance and Management at SOAS University of London. His research interests include capital investment, industrial economics, innovation and corporate governance on which he has published widely. He has held visiting posts at the Australian National University and Stellenbosch University, has had attachments to several global business schools, and has advised various national and international public bodies. He co-authored with Paul Temple The Unbalanced Economy: a policy appraisal, Palgrave-Macmillan (2014) Beyond Shareholder Value (2013), with colleagues at the TUC and NPI; and he contributed a chapter on innovation and finance to the Sage Handbook on Corporate Governance (2012). An edited compendium on corporate governance (with Grahame Thompson) will be published by OUP in 2018. Recent journal articles deal with the effects of corporate governance on R&D (Research Policy 2012); the economics of advertising (Journal of Economic Surveys 2015) and the perverse effects of high-powered executive pay (Industrial and Corporate Change 2017). He is a Fellow of the Academy of Social Sciences and a Trustee of the New Economics Foundation. Full publications and further information can be found on Researchgate: https://www.researchgate.net/profile/Ciaran_Driver
Talk Overview:

This talk concerns the economic effects of corporate governance systems in advanced countries and how the design of governance interacts with economic policy. It starts off with a reprise of recent trends in corporate governance theory, distinguishing the arguments for shareholder value (including agency theory), from critical stakeholder perspectives such as organization theory; property rights approaches; and externalities. The implications of the governance form for the economy are then discussed in terms of forward commitments such as capital investments and R&D and the time-horizon over which these are assessed; pay-out in the form of dividends and buybacks; and effects on labour and work commitment. The evidence for corporate governance effects on macroeconomic performance is assessed with reference to country studies and the variety of capitalism literature. Changes to the corporate governance system are considered by discussing which particular problems of economic policy are responsive to chosen governance reforms, ranging over: managerial approaches; dual-class shares; engagement of investors; and stakeholder representation.
Please contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (m.kitson@jbs.cam.ac.uk) in the event of a query.

Cambridge Society for Economic Pluralism – Women as Economic Victims
2017-10-26 17:00 - 19:00 | Mill Lane Lecture Rooms, Silver Street , Cambridge, Cambridgeshire, CB2 1RL, United Kingdom
26 Oct
Speakers: Catherine Hakim & Ben Southwood
Location: Room 4, Mill Lane Lecture Rooms

Cambridge Realist Workshop – Nuno Martins - The Nature of Value: Smith, Marx and Marshall
2017-10-30 19:30 - 21:00 | Latimer Room, Clare College, Clare College, Cambridge, United Kingdom
Speaker: Nuno Martins
Talk Title: ‘The Nature of Value: Smith, Marx and Marshall’
Drinks available from 7:30 pm, talk starts at 8pm.

Growth and Income Distribution Workshop
2017-11-01 16:30 - 19:30 | Greenwich University
There is a workshop on Growth and Income Distribution at the University of Greenwich, Queen Anne Court room QA080, at 16:30 until 19:30, on the 1st of November 2017.
The event is co-organised by the Greenwich Political Economy Research Centre (GPERC) and the Foundation for European Progressive Studies (FEPS).
The Keynote Lecture will be by Professor Marc Lavoie (CEPN, Universite Paris 13).
Speakers also include:

Professor Engelbert Stockhammer (Kingston University)
Professor Ozlem Onaran (GPERC)
Dr Maria Nikolaidi (GPERC)
Dr Rafael Wildauer (GPERC)
Dr Cem Oyvat (GPERC)
Dr Sakir Devrim Yilmaz (Kingston University)

Please find here the programme and RSVP details.

Economic growth, inequality and finance in historical perspective workshop
2017-11-02 09:30 - 17:30 | Kingston University, Penrhyn Road, Kingston, Surrey, , KT1 2EE, United Kingdom
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 2nd 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)

China's shadow banking: New growth model or the next Lehman Brothers? Debate
2017-11-02 16:00 - 17:30
A debate between Christopher Balding and Daniela Gabor, moderated by Jo Michell
Thursday November 2nd, 4-5.30pm
Faculty of Business and Law building Room 2×242 UWE Bristol, Frenchay Campus All welcome, registration not required.
Since the global financial crisis, shadow banking in China has grown rapidly as a result of financial repression, macro policy, and the politics of local-central government relationships. Is this the financial Wild West, the escape valve of a financial system repressed by the long hand of the state or a carefully engineered process to bring market forces into the financial system? How successful are China¹s policies to transform shadow banking into securities-market based finance? Have they really addressed concerns about implicit state guarantees? And how do reforms fit with the need for deep and liquid securities markets if Reminibi internationalisation is to succeed?
Christopher Balding is an Associate Professor in Business and Economics at the HSBC Business School of Peking University Graduate School in Shenzhen, China. One of the leading experts on the Chinese economy and financial markets, he is a Bloomberg View contributor and advises governments, central banks, and investors around the world. He has contributed to Bloomberg, the Wall Street Journal, the Financial Times, BBC, CNBC, and Al-Jazeera. He tweets at @BaldingsWorld
Daniela Gabor is Professor of Economics and Macrofinance at UWE Bristol. Her research project ŒManaging shadow money¹, funded by the Institute for New Economic Thinking since 2015, explores shadow banking in the US, Europe and China. One of the project papers, ŒGoodbye (Chinese) shadow banking, hello market-based finance¹, will be published in Development and Change in December 2017. She is finalising a book manuscript on Shadow Money. She blogs at criticalfinance.org <http://criticalfinance.org/> and tweets at @DanielaGabor <http://twitter.com/danielagabor>
Jo Michell is Associate Professor in Economics at UWE Bristol. He has a PhD in Economics on from SOAS University of London, written about the Chinese banking and financial system. His research interests include macroeconomics, money and banking, and income distribution. He has published on macroeconomics and finance in peer reviewed journals including the Cambridge Journal of Economics and Metroeconomica. He co-edited the Handbook of Critical Issues in Finance with Jan Toporowski (Elgar, 2012).

Cambridge Society for Economic Pluralism – Behavioural Economics: The Final Frontier of Economics
2017-11-02 17:00 - 19:00
2 November
Speakers: Dr Alain Samson & David De Cremer
Location: tbc

The International Initiative for Promoting Political Economy Training Workshop
2017-11-08 10:00 - 17:00
IIPPE Training Workshop SOAS London 8 November 2017
The International Initiative for Promoting Political Economy (IIPPE) announces its next Training Workshop at SOAS (Brunei Gallery, Room B102), London on 8 November 2017 (registration from 9.30am).
The focus of the Workshop will be on *Anglo-Saxon capitalism since the financial crisis*. In the morning session, (10am to 1pm), Trevor Evans will survey economic and financial developments in the *United States*. In the afternoon session (2pm to 5pm) Simon Mohun will consider the performance of the *United Kingdom* economy in historical perspective.
This Workshop will appeal to undergraduate and postgraduate students, junior academics and activists who have a particular interest in acquainting themselves with the relevance of Marxian political economy to the contemporary world.
*Pre-registration is essential because of room capacity constraints. If you wish to attend, please send a note to that effect as soon as possible to Simon Mohun (s.mohun@qmul.ac.uk)

St Catharine’s Political Economy Seminar – 'The Political Economy of Brexit' Michael Kitson
2017-11-08 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday 8 November 2017
Time: 18:00 -19:30
Speaker: Michael Kitson
Talk Title: ‘The Political Economy of Brexit’
Location: Ramsden Room, St Catharine’s College
The next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity, will be held on 8 November 2017 – Michael Kitson will give a talk on ‘The Political Economy of Brexit’. The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School.
Speaker:
Michael Kitson is a University Senior Lecturer in global macroeconomics at the Judge Business School, Cambridge; Assistant Director of the Centre for Business Research, Cambridge; and Fellow of St Catharine’s College, Cambridge. Michael Kitson’s research interests include: economic policy, regional economics, corporate performance, innovation and the commercialisation of science. His current work is concerned with new developments in innovation policy and assessing the factors that drive regional competiveness and growth.

Please contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (m.kitson@jbs.cam.ac.uk) in the event of a query.
