CAMBRIDGE ALLEN & OVERY ANNUAL LAW LECTURE 2017: "THE EVOLUTION OF VICARIOUS LIABILITY", Simon Deakin
2017-11-08 18:00 - 20:00 UTC
This year’s Allen & Overy lecture is to be delivered by Professor Simon Deakin on the increasingly topical (and difficult) issue of vicarious liability. His lecture promises a different take on various issues in play.
“THE EVOLUTION OF VICARIOUS LIABILITY”
8 November 2017, Law Faculty, 6.00pm, followed by a drinks reception in the Atrium – all invited
Registration is essential – the link is here www.eventbrite.co.uk/e/cambridge-allen-overy-annual-law-lecture-2017-tickets-38821888313
Further details: The common law of vicarious liability has evolved rapidly in the past two decades as a result of a greater use by appellate courts across several jurisdictions of functional

Cambridge Realist Workshop – Geoffrey Hodgson - The Pathology of Heterodox Economics and the Limits to Pluralism
2017-11-13 19:30 - 21:00
Speaker: Geoffrey Hodgson
Talk Title: ‘The Pathology of Heterodox Economics and the Limits to Pluralism’
Drinks available from 7:30 pm, talk starts at 8pm.

Goldsmiths Economics Seminars: 'The King was in his counting house counting all his money'
2017-11-15 16:30 - 18:00
Speaker: Mathew Fright, University of Cambridge, UK
Date: 15-–Nov-2017, 16.30 pm
Room: Laurie Grove Baths G3, New Cross, London SE14 6NW
Title: The King was in his counting house counting all his money

Cambridge Society for Economic Pluralism – Colonial Legacies
2017-11-15 17:00 - 19:00
Title: Colonial Legacies: How does Colonialism shape today’s development challenges
Speakers: Dr Shailaja Fennell (University of Cambridge) and Dr Jason Hickel (London School of Economics)
Location: tbc

Goldsmiths Economics Seminars: ‘Preferences over allocation mechanisms’
2017-11-21 16:30 - 18:00
Speaker: Uzi Segal, Boston College, USA
Date: 21-Nov-2017, 16.30 pm
Room: Deptford Town Hall G2
Title: Preferences over allocation mechanisms

St Catharine’s Political Economy Seminar – "From austerity to immigrants as ‘significant others’, Liliana Harding
2017-11-22 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday 22 November 2017
Time: 18:00 -19:30
Speaker: Liliana Harding
Talk Title: ‘From austerity to immigrants as ‘significant others’ in economic policy changes’
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 22 November, 2017 – Liliana Harding will give a talk on “From austerity to immigrants as ‘significant others’ in economic policy changes”. 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:
Liliana Harding is a lecturer in Economics at the University of East Anglia (UEA), in Norwich. Dr Liliana Harding has a long-standing research interest in the political economy of migration, while her teaching is focussed in the areas of labour economics and European economies. She is currently the convenor of the East Anglia Research Migration Network, an interdisciplinary research group at the UEA designed to facilitate participatory action research in topics related to international migration. Her research interests further extend to the development of economic systems, regional economies and the implications of public arts and culture for wellbeing and urban economies.
Talk Overview:
In the same way as the resolution of the financial crisis has been sought through austerity across the board, migration policy beyond the Great Recession has focused on downward revisions of ‘acceptable levels’ of immigration. And as concerns about the implications of austerity on rising inequalities and general access to public services are rising, limitations to migrants’ access to the labour market and the welfare system are now sold as localised patches to society-wide challenges. In this context, this talk proposes to explore the extent to which a long period of austerity has warranted the call for more restrictive immigration policies, and explores the significance of distributional effects of immigration. It reviews the economic effects estimated for the UK from migration and its expected restriction linked to Brexit, and stresses the role of skill in the economic migration debate. Finally, the talk reflects on the significance of mass migration flows for economies experiencing it at various points in time, and makes a brief reference to the recent refugee crisis in Europe.

Please contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query.

Goldsmiths Economics Seminars: ‘The Impact of Financialisation on the Everyday Life of UK households’
2017-11-29 16:30 - 18:00
Speaker: Ariane Hillig, Open University, UK
Date: 29-Nov- 2017, 16.30 pm
Room: Laurie Grove Baths G3
Title: The Impact of Financialisation on the Everyday Life of UK households

A European Future for Brexit Britain? by Lord Roger Liddle
2017-11-29 17:00 - 19:00 | Greenwich University
29 November 2017: A European Future for Brexit Britain?
Lord Roger Liddle will discuss the current state of the Brexit negotiations; whether it is clear what Britain really wants from Brexit; a realistic set of Brexit options for Britain and Britain’s European future. The lecture is part of the University of Greenwich Big Picture Lecture Series and it is co-organised by GPERC and FEPS.
Location: University of Greenwich, King William Court room KW303.
Time: 17:00-19:00.

CBR seminar: “Japan’s corporate governance and value creation via equity spread”, Dr. Ryohei Yanagi
2017-12-05 12:00 - 14:00
Date: Tuesday 5th December 2017
Time: 12:00 noon
Venue: Ground Floor Meeting Room, 10 Trumpington Street, Cambridge, CB2 1QA
Speaker: Dr. Ryohei Yanagi
Dr. Ryohei Yanagi will give a presentation entitled “Japan’s corporate governance and value creation via equity spread”. The focus of this presentation will be the urgent need for Japanese businesses to have greater awareness of cost of capital, which traditionally has been overlooked in favour of simple operational profitability. His view is that lack of understanding of this key principle is damaging the whole Japanese economy and hindering the revival that the Abe administration seeks.
Dr. Yanagi is the CFO of Eisai, one of Japan’s leading pharmaceutical companies, which has established a reputation for its innovative corporate governance. While working as Eisai’s CFO, Dr. Yanagi holds posts at two Japanese universities as a visiting lecturer and has been campaigning for greater financial awareness among Japanese management for many years. His work as a member of various expert committees gives him a special insight into the debates underlying current efforts to refocus Japanese corporate governance practices.
Space is limited so to secure a place please email Rachel Wagstaff at r.wagstaff@cbr.cam.ac.uk

"The Economic Impact and Causes of Income Inequality- the shifting views of the international financial institutions" by John Evans
2017-12-06 17:00 - 19:00 | Greenwich University
Lecture by John Evans (Secretary General, TUAC) on “The Economic Impact and Causes of Income Inequality- the shifting views of the international financial institutions“, on the 6th of December, at 17:00-19:00 at 2017 at the University of Greenwich, King William Court, room KW303.
To find out more about our events, please visit our events page.

SOAS Money and Development Seminar: 2 papers on The International Role of the Euro
2018-01-18 17:00 - 18:30
SOAS Money and Development Seminars
Thursday 18 January at 17.00
The International Role of the Euro papers by
John Grahl (Middlesex) ‘Financial Policies: Dollar Hegemony and the Subordination of European Finance’
and
Costas Lapavitsas (SOAS) ‘Estimating the cost of currency redenomination in the EMU’.
in the Brunei Gallery Room B102
SOAS University of London
Thornhaugh Street,
London WC1H 0XG

nearest underground station: Russell Square

St Catharine’s Political Economy Seminar – ‘How Did the Economics Profession Get it Wrong on Brexit?’, Graham Gudgin & Ken Coutts
2018-01-31 18:00 - 19:30
Date: Wednesday, 31 January 2018
Time: 18:00 -19:30
Speakers: Graham Gudgin and Ken Coutts
Talk Title: ‘How Did the Economics Profession Get it Wrong on 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 31 January, 2018 – Graham Gudgin and Ken Coutts will give a talk on “How Did the Economics Profession Get it Wrong on 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.
Speakers:
Graham Gudgin is currently Honorary Research Associate at the Centre For Business Research (CBR) in the Judge Business School at the University of Cambridge. He is also Chief Economic Advisor at Policy Exchange, London, visiting Professor at the University of Ulster and Chairman of the Advisory Board of the Ulster University Economic Policy Centre. He was senior Economic Advisor at Oxford Economics from 2007 to 2015 and was director of the Northern Ireland Economic Research Centre from 1985 to 1998 when he became Special Adviser to the First Minister in the Northern Ireland Assembly until 2002. Prior to this he was economics fellow at Selwyn College, Cambridge and a member of the Cambridge Economic Policy Group under Wynne Godley. He is the author of a large number of books, reports and journal articles on regional economic growth in the UK, the growth of small firms and electoral systems. He is currently working with Ken Coutts on a macro-economic model and forecasts for the UK economy and on the economic impact of Brexit.
Ken Coutts is Honorary Research Associate at the Centre For Business Research (CBR) in the Judge Business School , Emeritus Assistant Director of Studies in the Faculty of Economics, and Life Fellow in Economics, Selwyn College, at the University of Cambridge. A member of the Cambridge Economic Policy Group in his younger career, led by the late Wynne Godley, his main interests are in macroeconomics, monetary and fiscal policy, trade, capital flows and balance of payments. He has published widely in these areas. He has also written extensively on the pricing behaviour of manufacturing industries in the UK and Australia. He is currently working with Graham Gudgin a macro-economic model and forecasts for the UK economy and on the economic impact of Brexit.
Talk Overview:
This contribution examines in detail the predictions of professional economic forecasters on the economic impact of Brexit. It shows how these were flawed, and speculates on why they are no longer quoted. It begins with the frequently repeated claim, that membership of the EEC/EU has been good for economic growth in the UK. This is followed by a brief reprise of our critique of the gravity model work of HMT and OECD. The approach of the Centre for Economic Performance at the LSE, uses a different approach, but again, in our view, is flawed. All of this work predicts that the volume of UK trade with the EU will fall substantially after Brexit, with no offsetting gains in trade with non-EU countries. Around half of the predicted declines in GDP, come from a calculation that trade losses will have a major negative knock-on impact on productivity. Our update of their evidence suggests that for advanced economies no such link exists between trade and productivity.
This is not an argument in favour of Brexit. It is instead to question the ability of the economics profession to provide high quality policy analysis on issues of national importance.
Please contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query.

SOAS Money and Development Seminar: Payments Clearing in the Occupied Palestinian Territories'
2018-02-07 17:00 - 18:30
Wednesday 7 February at 17.00
Priscilla Toffano (IMF and London School of Economics) ‘Payments Clearing in the Occupied Palestinian Territories’.
in the Alumni Lecture Theatre
Senate House Paul Webley Wing
SOAS University of London
Thornhaugh Street,
London WC1H 0XG
nearest underground station: Russell Square

St Catharine’s Political Economy Seminar – ‘Global Imbalances and Greece's Exit from the Crisis’, Dimitrios Tsomocos
2018-02-07 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday, 7 February 2018
Time: 18:00 -19:30
Speaker: Dimitrios Tsomocos
Talk Title: ‘Global Imbalances and Greece’s Exit from the Crisis’
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 07 February, 2018 – Dimitrios Tsomocos will give a talk on “Global Imbalances and Greece’s Exit from the Crisis”. 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.
Speakers:
Graham Gudgin is currently Honorary Research Associate at the Centre For Business Research (CBR) in the Judge Business School at the University of Cambridge. He is also Chief Economic Advisor at Policy Exchange, London, visiting Professor at the University of Ulster and Chairman of the Advisory Board of the Ulster University Economic Policy Centre. He was senior Economic Advisor at Oxford Economics from 2007 to 2015 and was director of the Northern Ireland Economic Research Centre from 1985 to 1998 when he became Special Adviser to the First Minister in the Northern Ireland Assembly until 2002. Prior to this he was economics fellow at Selwyn College, Cambridge and a member of the Cambridge Economic Policy Group under Wynne Godley. He is the author of a large number of books, reports and journal articles on regional economic growth in the UK, the growth of small firms and electoral systems. He is currently working with Ken Coutts on a macro-economic model and forecasts for the UK economy and on the economic impact of Brexit.
Ken Coutts is Honorary Research Associate at the Centre For Business Research (CBR) in the Judge Business School , Emeritus Assistant Director of Studies in the Faculty of Economics, and Life Fellow in Economics, Selwyn College, at the University of Cambridge. A member of the Cambridge Economic Policy Group in his younger career, led by the late Wynne Godley, his main interests are in macroeconomics, monetary and fiscal policy, trade, capital flows and balance of payments. He has published widely in these areas. He has also written extensively on the pricing behaviour of manufacturing industries in the UK and Australia. He is currently working with Graham Gudgin a macro-economic model and forecasts for the UK economy and on the economic impact of Brexit.
Talk Overview:
The global capital imbalances constituted a primary factor for the Eurozone debt crisis and amplified the divergence between the core countries and the periphery. For the case of Greece there exist three ‘alternative’ mainstream explanations of the crisis and the subsequent recession: The Greek (political and institutional inefficiency), the European (institutional incompetence and extended corruption) and the I.M.F. (debt overhang, necessity of “hard” budget constraints, public investments and expansionary monetary policy). The two academic strands that dominate the debate are the one of the importance of debt overhung and rational expectations and the one of heterogeneous general equilibrium models. We argue that the exit from the crisis warrants:
1. Debt restructuring and nationalisation of N.P.L.s
2. Reduction of public sector profligacy and institutional efficiency
3. Public investments and investments for internationally traded goods
4. Tax relief (corporate and property taxation); 5. Re-stabilisation of market expectations and creditworthiness.
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 – Łukasz Hardt – 'Classical economists as advocates of economics without laws'
2018-02-12 07:30 - 21:00 | Latimer Room, Clare College, Clare College, Cambridge, United Kingdom
Speaker: Łukasz Hardt
Talk Title: ‘Classical economists as advocates of economics without laws’
Drinks available from 7:30 pm, talk starts at 8pm.
Cambridge Realist Workshop (Lent Term) – Łukasz Hardt – Classical economists as advocates of economics without laws

Cambridge Realist Workshop – Paul Lewis - Ontology and the History of Economic Thought
2018-02-25 19:30 - 21:00 | Latimer Room, Clare College, Clare College, Cambridge, United Kingdom
Speaker: Paul Lewis
Talk Title: ‘Ontology and the History of Economic Thought?’
Drinks available from 7:30 pm, talk starts at 8pm.

St Catharine’s Political Economy Seminar – ‘Technological Unemployment: Myth or Reality’, Robert Skidelsky
2018-03-07 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday, 7 March 2018
Time: 18:00 -19:30
Speaker: Robert Skidelsky
Talk Title:‘Technological Unemployment: Myth or Reality’
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 07 March, 2018 – Robert Skidelsky will give a talk on “Technological Unemployment: Myth or Reality”. 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:
Robert Skidelsky is Emeritus Professor of Political Economy at Warwick University. His three-volume biography of John Maynard Keynes (1983,1992, 2000) won five prizes and his book on the financial crisis –Keynes: The Return of the Master – was published in September 2010. He was made a member of the House of Lords in 1991 (he sits on the cross-benches) and elected a fellow of the British Academy in 1994. How Much is Enough? The Love of Money and the Case for the Good Life, co-written with his son Edward, was published in July 2012. He is also the author of Britain in the 20th Century: A Success? (Vintage, 2014) and editor of The Essential Keynes (Penguin Classics, 2015). His most recent publications are as co-editor of Who Runs the Economy? (Palgrave, 2016) and Austerity Vs Stimulus (Palgrave, 2017).
Talk Overview:
This contribution’s starting point is Keynes’s little essay of 1930, Economic Possibilities for our Grandchildren: ‘technological unemployment…means unemployment due to our discovery of means of economising the use of labour outrunning the pace at which we can find new uses for labour’. Two questions arise: will the future be different from the past, when we were always able to absorb labour displaced by machines? There is no agreed view. There are many estimates of the jobs ‘at risk’ from automation by 2030, ranging from 30% to 50%. There is no agreement on whether, or how soon, the jobs displaced will be replaced, i.e. whether there will be a net job loss. The majority view is that there will be transitional job losses, but no permanent ones. Most of the discussion treats automation as not just desirable, but irreversible: part of the scientific momentum, which defines modern civilisation. This needs challenging, since it appears to leave the human future to machines. Second, it is generally agreed that, as in the past, automation will enable a reduction in hours worked. However, the argument that this will be consistent with maintaining or increasing median income needs to be challenged. Evidence is that median incomes have been stagnant and even falling, as most productivity gains go to the rich. Extra leisure will surely be unwanted if it means lower real incomes. The response to automation cannot be left to the market. It requires a social decision concerning the speed and type of automation, and a social response to the problems it creates.
Please contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query.

St Catharine’s Political Economy Seminar – ‘‘Bank Credit Rating Changes, Capital Structure Adjustments and Lending’’, Claudia Girardone
2018-03-14 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday, 14 March 2018
Time: 18:00 -19:30
Speaker: Claudia Girardone
Talk Title:‘Bank Credit Rating Changes, Capital Structure Adjustments and Lending’
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 14 March, 2018 – Claudia Girardone will give a talk on “Bank Credit Rating Changes, Capital Structure Adjustments and Lending”. 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:
Claudia Girardone is Professor of Banking and Finance at Essex Business School of the University of Essex. She is also Director of the Essex Finance Centre (EFiC) and the School’s Director of Research. Professor Girardone has published over 50 articles on various aspects of banking and finance in books and peer-reviewed international journals. She is a co-author of the textbook Introduction to Banking (FT Pearson Education, 2015). She is currently on the editorial board of several journals including the Journal of Financial Economic Policy and The European Journal of Finance. Her current research areas are on banking sector performance and stability, bank corporate governance, the industrial structure of banking and access to finance.
Talk Overview:
This contribution examines the causal effect of bank credit rating changes on bank capital structure decisions. Banks adjust their capital structure following a credit rating downgrade. Adjustments involve: leverage, rating sensitive liabilities and lending. Rating upgrades do not affect capital structure activities suggesting that banks target minimum rating levels. In our study, we also exploit the asymmetric impact of downgrades of banks based in Greece, Ireland, Italy, Spain and Portugal during the EU sovereign debt crisis. This asymmetric effect leads to greater capital adjustments, reductions in long-term funding and lending of banks from those countries relative to other banks. Our results are consistent with the expectation of discrete cost (benefits) associated with rating changes.
Please contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query.

The Cambridge Trust for New Thinking in Economics (CTNTE) Conference
2018-03-22 | Senior Combination Room (SCR), St Catharine’s College, Cambridge, United Kingdom
The Cambridge Trust for New Thinking in Economics (CTNTE) annual conference has a title of ‘ Inequality: trends, causes, consequences, relevant policies’
The conference will be held on Thursday 22 March, 2018 at St Catharine’s College, Cambridge, UK
The CTNTE 2018 conference will bring together a carefully selected set of eight papers by renown academics across Europe on inequalities in economic systems. Inequality has been considered a problem by many academics and policy makers for a long time now and recently there has been some evidence of increasing inequalities in the society. Our speakers will focus on the causes and consequences of inequality along with the importance of tackling inequality and recommend potential policies to reduce it, for example, tax reforms. The talks will cover different aspects of inequality – from income to gender – and explore links between inequality and economic growth or financialisaton and financial crisis.
Detailed information regarding the conference programme, speakers and papers is available online at http://www.neweconomicthinking.org/prog_March2018.htm.
The standard conference fee is £139, but a special rate of £54 is available for academics and not-for-profit organisations. We also offer a number of FREE places for postgraduate students, which are granted on first come, first served basis.
The places are limited, so please register quickly by filling in a registration form at http://www.neweconomicthinking.org/register_2018.htm

St Catharine's Political Economy Seminar - 'Why there will Never be a Complete Consensus in Macroeconomics: A Tale of Group Thinking and Paradigms’ by John McCombie
2018-04-25 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday, 25 April 2018
Time: 18:00 -19:30
Speaker: John McCombie
Talk Title: ‘Why there will Never be a Complete Consensus in Macroeconomics: A Tale of Group Thinking and Paradigms’
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 April, 2018 – John McCombie will give a talk on “Why there will Never be a Complete Consensus in Macroeconomics: A Tale of Group Thinking and Paradigms”.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:
John McCombie is Emeritus Professor in Regional and Applied Economics, and Senior Emeritus Fellow of the Department of Land Economy. He is a Fellow of the Academy of Social Sciences and a Fellow of the Regional Studies Association. John is Director of the Cambridge Centre for Economic and Public Policy; Emeritus Fellow in Economics, Downing College; Director of Studies in Land Economy, Christ’s College, Downing College and Girton College. He was formerly a lecturer in Economics at the University of Hull and at the University of Melbourne. His interests are regional economics, post Keynesian macroeconomics, the causes of variations in national and regional growth rates, income inequality, trade and economic geography and the methodological implications for macroeconomics of the Great Financial Crisis. He is a consultant to the Asian Development Bank and the World Bank and was a Special Advisor to a House of Lords Subcommittee inquiring into the EU regional funds. He was a founding co-editor of Spatial Economic Analysis and a former editor of Regional Studies. He has recently published (with Jesus Felipe) a book entitled The Aggregate Production Function and Technical Change; ‘Not Even Wrong’. This presents a fundamental criticism of one of the central concepts of neoclassical macroeconomics. He is currently researching into the economic and philosophical issues (including Rawls’ ‘Justice as Fairness’ and the concept of ‘Just Deserts’) concerning the optimal degree of income inequality..
Talk Overview:
After the acrimonious debates between the New Classical and Keynesian economists in the 1980s and 1990s, a complacent New Macroeconomic Consensus was achieved and by 2006, according to its adherents, all the major theoretical problems were deemed solved. The sub-prime crisis exposed fundamental flaws in this approach and for a time there was a return to the putatively discredited Keynesian Economics of fifty years ago. Using this as one example, this seminar looks at the broader question as to why competing schools of thought can, and have persisted, almost indefinitely in macroeconomics. This is notwithstanding the emergence of a dominant, or mainstream, approach. This contribution draws on Kuhn’s notion of the paradigm and the sociology of knowledge to understand why previous debates re-emerge and why some economists question whether there has been any meaningful progress in macroeconomics over the last thirty years. It also considers the strange case of the aggregate production function, which is at the heart of both applied and theoretical neoclassical macroeconomics. This is in spite of the fact that it is logically impossible to derive the production function from micro-foundations (the aggregation problem) and why it is always possible to obtain a near perfect statistical fit to the putative production function, although the estimates tell us nothing about the underlying economy. This raises some further important methodological issues for macroeconomics.
Please contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query.

St Catharine’s Political Economy Seminar – 'Modelling the Impacts of Brexit on Low-Income Households' by Sophie Heald, Richard Lewney &Laurie Heykoop
2018-05-30 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday 30 May 2018
Time: 18:00 -19:30
Speaker: Sophie Heald, Richard Lewney and Laurie Heykoop
Talk Title: ‘Modelling the Impacts of Brexit on Low-Income Households’
Location: Ramsden Room, St Catharine’s College
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.
Speakers
Sophie Heald is a project manager and economist in the macroeconomic modelling team at Cambridge Econometrics. She specialises in the application of large-scale econometric models for scenario analysis and has several years’ experience modelling policy scenarios using E3ME, an econometric model of the global economy. In recent months Sophie has contributed to the European Commission’s impact assessment on the macroeconomic effects of measures to improve work-life balance and, for the European Institute for Gender Equality (EIGE), she managed a project to assess the wider macroeconomic effects of measures to improve gender equality. Sophie led on the economic modelling and contributed to the scenario design for this study into the impacts of Brexit on low-income households.
Richard Lewney is Chairman of Cambridge Econometrics where he has worked since 1988. He specialises in the application of economic modelling to policy analysis, policy evaluation and forecasting, and he directed the study on which this seminar draws. He recently completed a two-year project for DG Energy to improve the treatment of innovation and finance in the macroeconomic modelling of decarbonisation policies. He led the macroeconomic modelling for DG Employment’s study on the feasibility of a pan-European unemployment benefit system. He is currently directing a project to extend and upgrade the economic modelling capability of Malta’s Ministry for Finance. He was the lead economist for the Northern Powerhouse Independent Economic Review. He is a Trustee of the Cambridge Trust for New Thinking in Economics which owns Cambridge Econometrics.
Laurie Heykoop is an economist at the Joseph Rowntree Foundation. His current areas of research include analysis of potential impacts of Brexit on low-income households, and monitoring the impact of inflation on the living standards of low-income households. Having graduated BA Economics and Politics at Manchester University in 2012, prior to his current post Laurie spent over three years as a government economist.
His work included producing official gas price projections, advising on options to reform agri-environment schemes, and producing models to enhance targeting of fuel poverty programmes. His other research interests include the economics of land, housing, and inequality.
Talk Overview
Several organisations across government, academia, and think tanks have modelled the potential economic impacts of post-Brexit trading arrangements. These have primarily focussed on economy-wide impacts. The research presented in this seminar focuses on analysis of impacts on low-income households. The research models a range of potential post-Brexit trading arrangements, producing estimates for impacts on prices, wages, and employment and then assesses the particular implications for low-income households.

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.

Post-Keynesian Economics Study Group Annual Workshop
2018-05-31 08:00 - 18:00 | Goldsmiths, University of London, London, SE14 6NW, United Kingdom
The 28th PKES annual workshop will take place at Goldsmiths, University of London (Room 306 Professor Stuart Hall Building New Cross, London, SE14 6NW) at 10.00 – 18.00 on Thursday 31 May. The programme is available at: http://www.postkeynesian.net/events/10042018-28th-pkes-annual-workshop/
Speakers include Danielle Guizzo, Marc Lavoie, Malcom Sawyer Gregor Semieniuk, Dimitris Sotiropoulos, Hanna Szymborska, Isabella Weber, Rafael Wildauer and Ariel Wirkierman.
If you are interested in participating, please register by sending an email to: G.Galanis@gold.ac.uk.
Tea and Coffee will be provided and we would be delighted if you could join us for dinner afterwards (at own expense).
The organising Committee
Giorgos Galanis, Maria Nikolaidi, Engelbert Stockhammer and Isabella Weber

15th International Conference Developments in Economic Theory and Policy
2018-06-28 - 2018-06-29
The Department of Applied Economics V of the University of the Basque Country UPV/EHU and the Cambridge Centre for Economic and Public Policy, Department of Land Economy, of the University of Cambridge, are organizing the 15th International Conference Developments in Economic Theory and Policy. The Conference will be held in Bilbao (Spain), the days 28th and 29th of June 2018.
For more information, you can contact with Jesus Ferreiro (jesus.ferreiro@ehu.eus)

Sheffield Political Economy Research Institute Conference 2018
2018-07-02 - 2018-07-04
Sheffield Political Economy Research Institute Conference 2018
Call for Proposals
Political Economy Ten Years After the Crisis
Halifax Hall, University of Sheffield
2-4 July 2018
The SPERI Conference is becoming increasingly recognised as a key forum for debating major contemporary issues in political economy in new and challenging ways. It takes place in Halifax Hall in a leafy part of Sheffield and always attracts a range of leading scholars, doctoral students and practitioners with an interest in political economy.
Our 2018 conference will take place just a few weeks before the tenth anniversary of the collapse of Lehman Brothers, an event which exemplified the early stages of the financial crisis. We invite you to submit proposals for a panel of 3-4 papers, or an individual paper, related to the following conference themes:

The unfolding impact of the crisis: the upheaval created by the 2008 crisis and subsequent recession, including Brexit and shifting global economic power; the long-term social and political consequences of the crisis; the capitalist economy’s legitimacy crisis.
Responses to crisis dynamics: moves towards ‘inclusive growth’ and the rediscovery of ‘industrial strategy’; the rise of populism on the left and the right; prospects for the renewal of global governance.
The political economy of the longue durée: the role of historical approaches in understanding contemporary capitalist development; the 2008 crisis as a historical ‘juncture’, comparable but distinct to previous crises; the ability of political economists to foresee future change, including a deepening of the present crisis.
The generational implications of crisis: differential impacts and understandings of crisis across people at different life-stages; the ‘normalisation’ of crisis imperatives in young people’s political imaginaries; apparent conflict between different age cohorts.
Institutional upheaval and continuity: the changing role of the state in relation to the capitalist economy; how institutions ‘absorb’ crisis dynamics; the emergence of a new post-crisis institutional framework for ‘managed capitalism’.

More generally, we would be interested in panel and paper proposals which address any of SPERI’s main research areas.
The opening plenary session of the conference will be addressed by Professor Adam Tooze, Professor of History at Columbia University and author of The Deluge: The Great War and the Remaking of the Global Order, 1916-1931. Professor Tooze will be speaking about his ongoing work on the history of the financial crisis. Other speakers already committed to address plenary sessions include: Helen Thompson (University of Cambridge), Richard Roberts (King’s College London), Michael Moran (University of Manchester), Ann Pettifor (PRIME Economics) and Torsten Bell (Resolution Foundation). More plenary speakers will be announced in due course.
More information about the conference can be found on the SPERI conference website.
Please submit your panel or paper proposal(s) to the conference administrator by emailing speri@sheffield.ac.uk by no later than Monday 18th December.
Please also feel free to discuss your ideas in advance with any of the conference convenors:
Colin Hay, Craig Berry and Adam Leaver

20th Anniversary Conference of the Association for Heterodox Economics
2018-07-05 - 2018-07-07 | De Montfort University, Leicester, The Gateway,, Leicester, LE1 9BH, United Kingdom
5-7th July 2018, De Montfort University, Leicester, UK
The 20th Anniversary Conference of the AHE (Association of Heterodox Economics) is being held at De Montfort University, Leicester, UK. The AHE has established a reputation as a major forum for the discussion and development of interdisciplinary and pluralistic alternatives to mainstream economics. It is committed to strengthening the community of heterodox economists, and to the development of heterodox economic theories. Recognition of failures within mainstream economics and popular discontent about economic problems are widespread. We particularly encourage submissions for streams and papers on the history of economics; finance, banking and financialisation; austerity, inequality and diversity; sustainable economics and climate change; methodology; teaching and learning; heterodox microeconomics; and other standpoints which critically examine the mainstream, such as critical management studies.
Academic Committee
Proposals for streams, papers and bursaries will be reviewed by an academic committee comprising Lynne Chester (University of Sydney), Thoralf Dassler (University of Westminster), Ioana Negru (SOAS, University of London), and Bruce Philp (Birmingham City Business School). We aim to notify successful participants and bursary winners within two weeks of the closing date. The decision of the academic committee will be final.
Please complete this form with your proposal(s): https://goo.gl/forms/gHeHpOUAGtkj6TvY2
The conference language is English. Normal sessions will be 90 minutes long and will usually consist of two or three papers with at least one discussant. You do not need to submit a paper to register. Participants should be prepared to serve as discussants and/or session chairs.
Deadlines

Proposals for complete sessions by 1st February 2018:
Abstracts for single papers (not more than 250 words) by 1st March 2018.
Draft papers for refereeing by 1st May 2018.
Normal registration by 1st May 2018.
Late registration by 1st June 2018.
Final submission of papers, for inclusion in the online programme, by 8th June 2018.

For further details, please go to: http://hetecon.net/?page=ahe_conferences&side=20th_call_for_papers

Back on the Agenda? Industrial Policy revisited Conference
2018-07-12 - 2018-07-13 | Senior Combination Room (SCR), St Catharine’s College, Cambridge, United Kingdom
The 2018 Cambridge Journal of Regions, Economy and Society Conference will be on the topic of ‘Industrial Policy’ and will be held on 12-13 July 2018 at St Catharine’s College, Cambridge.
After years of disrepute in several countries, Industrial Policy (IP) is back in vogue of late at regional, national and international levels, driven by concerns over competitiveness, globalisation, de-industrialisation, unemployment and, in the European case, by comparatively slow growth. Modern industrial policy is a broad concept and has moved beyond entailing specific industrial policies (that aim to improve the competitiveness of particular firms and sectors); rather, it is increasingly viewed as the architecture through which the state enables businesses and people to acquire new capabilities to enhance growth and socio-economic development within geographical places.
The conference themes include:

Rethinking sectoral and regional-level industrial policies
Changes in manufacturing processes
Smart Specialisation strategies
Enhancing growth and socio-economic development
Regional/International policies

CALL FOR PAPERS
The Special Issue Editors welcome papers for consideration from academics and researchers seeking to build upon recent research on industrial policy and smart specialisation.
Authors interested in publishing in the Special Issue should submit:
Abstract: Around 400 words
Email: Francis Knights fk240@cam.ac.uk
Abstract Deadline: 6 January 2018

Global Conference on Economic Geography 2018
2018-07-24 08:00 - 2018-07-28 17:00
Cologne, 24-28 July, 2018
Session: Global finance, development, and the new peripheries
Organizers: Leigh Johnson (University of Oregon); Stefan Ouma (Goethe University-Frankfurt); Patrick Bigger (Lancaster University)
This session examines the significance of financial relations and transactions in spaces of the global South that have typically been figured as “marginal” to, if not altogether excluded from, the operations of global finance. As finance relentlessly seeks to identify further spatial fixes and revenue streams, this session will probe the particularities of integration. What assemblages and legacies – (post)colonial and otherwise – characterize these spaces? What are the regional coordinates of integration, and the concrete social, political and material landscapes it produces?
The optic of “peripheries” – with its roots in dependency theory – highlights the relations of power, subordination and exploitation produced through finance’s expansion and experimentation at its frontiers. As certain places are linked to global flows of capital, they can become peripheralized in new ways. Yet as some “financial innovation” originates in the South and travels to the global North (e.g. mobile money and microfinance) and the South more generally becomes a source of capital (e.g. sovereign wealth or pension funds), existing understandings of peripheralisation must be reexamined. How can the dependent and extraverted notions of development suggested by the term “periphery” be reworked to make a place for heterogeneous forms of economic self-fashioning? How might other concepts such as extraction, dispossession, value grabbing, disarticulations and expulsion help render intelligible the new peripheral operations of finance and the place-making projects that emerge from them?
We especially invite papers making conceptual advances using empirical cases on topics including but not limited to: financial inclusion and adverse incorporation; new sites of experimentation and product development; the financialisation of development; multiple frontiers of peripheral financialisation (e.g. land, agriculture, nature, housing, manufacturing, IT…); macroeconomic policies, links between micro and macro scale finance; relationships between global and “indigenous” financial practices, institutions, and discourses; rethinking the core(s) of global finance.
Abstract Submission:
If this is of interest, please submit your abstract by filling out the embedded form and selecting this session as your first choice at: https://www.gceg2018.com/nc/call-for-sessions-and-papers/submit-an-abstract.html by 15 February, 2018.
We aim to finalize the session(s) by 1 March, a bit ahead of the conference abstract deadline.
Any questions about the session may be directed to Patrick Bigger at p.bigger@lancaster.ac.uk.

European Association of Evolutionary Political Economy (EAEPE) 30th Annual Conference
2018-09-05 08:00 - 2018-09-08 17:00
European Association of Evolutionary Political Economy (EAEPE) is having its annual conference in Nice during 6-8 September.
The 30th EAEPE Annual Conference will take place in Nice on 6-8 September 2018. The theme is to consider existing evolutionary theories and new developments in the field and the potential for putting theory in practice to cope with the complexity of the real world.
There is also a pre-conference for young scholars will be taking place during 5-6 September. Organized by a team of PhD students and currently in its 4th edition, pre-conference has an interactive format and aims at bringing motivated young scholars and established senior academics together. Content-wise, pre-conference consists of a series of workshops, a dedicated time slot for students to introduce their research projects and a dinner. It serves as a perfect venue to interact and network as well as to attend theme-specific workshops: this year pre-conference speakers are Erik Reinert, Özlem Onaran, Agnes Labrousse, and Alessandro Caiani. Apply here by May 31. Participation is free of charge for those who are registered for the main conference but participants need to submit a motivation letter. Students who are not taking part of the main conference are also welcome to apply but will need to pay a registration fee of 90 EUR. Meanwhile, a limited amount of travel stipends and tuition fee waivers is available. For further inquiries please contact pre-conference team via eaepe.preconference@gmail.com

PEF Event: Will Hutton 'Change Britain, Stop Brexit' - 9 Oct
2018-10-09 19:00 - 20:00
‘Change Britain, Stop Brexit’ by Will Hutton.
Co-hosted by Progressive Economy Forum (PEF) and SOAS
The lecture will take place on the 9th October at 7pm in SOAS’s Brunei Lecture Theatre.
To register your attendance please go to the EventBrite page.
Any questions please contact: mdavies@progressiveeconomyforum.com or go to the PEF website
The EU referendum result exposed deep economic and social divisions in our society, and this was decisive in persuading millions to vote against the status quo. Leave voters were right; this status quo is insupportable, and too many of our fellow citizens are leading lives haunted by lack of income and opportunity. But the answer was never to blame the EU and immigration, the unholy if politically adept message of Leavers. Rather, our problems have been firmly minted at home by a succession of policy failures that go back decades.
Building on the themes of his most recent book Saving Britain: How We Can Prosper in a New European Future (with Andrew Adonis), in this lecture Will Hutton sets out an agenda to repurpose British companies and the financial system, to address inequality at root by re-enfranchising workers, to remake a shattered social contract and to rebuild the British polity around the principles of decentralisation, commitment to the creation of public value and genuine accountability. Only thus can Britain full-heartedly take its place as a full member of the EU – and seize the opportunities afforded by new technologies and globalisation.

Ann Pettifor "Can a British government regain control over the financial system - a great public good? Or are we doomed to more financial crises?"
2018-10-10 17:00 - 18:30 | University of Greenwich, Park Row, London, SE10 9LS, United Kingdom
Seminar by Ann Pettifor on “Can a British government regain control over the financial system – a great public good? Or are we doomed to more financial crises?” on 10 October 2018, at the University of Greenwich, King William Court, room KW303, at 17:00-18:15.
The talk is part of the Big Picture Series of the University of Greenwich, and it is co-organised by the Greenwich Political Economy Research Centre/ Institute of Political Economy.
