The Corona Crisis: Macroeconomic Implications and Policies for Sustainable Recovery
2020-10-28 - 2020-10-30
The Forum for Macroeconomics and Macroeconomic Policies (FMM) organizes an annual conference that seeks to promote an exchange between competing theoretical paradigms and covers present debates on macroeconomic theories and issues. This year’s conference will be replaced by an online event The Corona Crisis: Macroeconomic Implications and Policies for Sustainable Recovery on the dates of 28 till 30 October 2020 with online presentations and discussions by experts in the field. A total of nine moderated panel discussions will be held, covering topics ranging from the role of China in the global economy, across issues of economic growth and sustainability, to the debate about Modern Monetary Theory. Among others Frances Coppola, Steven Fazzari, Bettina Kohlrausch, José Antonio Ocampo, Dani Rodrik, Margit Schratzenstaller-Altzinger and Joseph Stiglitz will be speakers at the online conference. There will be no call for papers, but you can listen to the speakers and engage in debate in the online panels. For the full program, more information and for free registration please refer to the conference web page.
Link: https://www.imk-boeckler.de/de/aktuelle-veranstaltungen-15386-24th-fmm-online-conference-the-corona-crisis-21870.htm

Spatial Policy for the Post-Crisis Era Conference - cancelled
2020-07-09 08:00 - 2020-07-10 17:00 UTC | McGrath Centre, St Catharine’s College, Cambridge, United Kingdom
The seventh conference hosted by the Cambridge Journal of Regions, Economy and Society will take place on 9-10 July 2020, at St Catharine’s College, Cambridge. The conference topic is ‘Spatial Policy for the Post-Crisis Era’.
The Call for Papers is open, for this and other conference details please see the conference webpage:
www.cpes.org.uk/events/cjres2020

St Catharine’s Political Economy Seminar - "The Economics of Getting to Net Zero " Richard Lewney
2020-03-11 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday, 11 March 2020
Time: 18:00 -19:30
Speaker: Richard Lewney
Talk Title: “The Economics of Getting to Net Zero ”
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 March 2020. Richard Lewney will give a talk on “The Economics of Getting to Net Zero “. 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:
Richard Lewney is Chair of Cambridge Econometrics. Over the past four years Richard Lewney has directed two major research projects for DG Energy to improve the methods of modelling the macroeconomic impacts of low-carbon policies. These have included a better treatment of the roles played by finance and innovation, of regional and income distribution impacts, and also of the relevance of other megatrends to the low-carbon transition. Over 2017-19 Richard Lewney has directed projects for the European Climate Foundation examining: (i) the technological costs and economic impacts of alternative pathways to a net-zero GHG emissions European economy by 2050 and (ii) the economic impacts of decarbonising road freight and car transport. Richard Lewney has previously directed a modelling analysis of the economic impact of environmental degradation to inform an assessment of the role that environmental risk factors could play in sovereign credit risk assessments (and for the UNEP Finance Initiative).
Talk Overview:
The past year has seen some striking examples of extreme climatic events of the kind that scientists expect to grow in frequency and severity as global temperatures increase. It has also seen a strengthening of political activism in the climate strike movement and a flurry of activity among financial institutions seeking to understand their exposure to physical and transition risks. Neoclassical economics recognises environmental degradation as a classic example of an externality and frames its response in terms of correcting that market failure, but the limitations of its marginal cost-benefit approach have been exposed in the climate change debate. This seminar explores the role that the key insights of Post-Keynesian and Schumpeterian economics (such as path dependence, radical uncertainty, heterogeneous actors, the role of money and finance, stock-flow consistency and endogenous technical change) are playing in forming an analysis of environmental policy that is better adapted to the challenge of tackling global warming. The seminar will discuss what a net zero energy system and economy might look like in 2050, the policies needed to get there, how to assess the economic impacts and what the key obstacles are that need to be overcome.
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 - Jana Bacevic - Valuation, Epistemic Positioning, and Inequalities
2020-03-09 19:30 - 21:30
Speaker: Jana Bacevic
Talk Title: ‘Ontology and the History of Economic Thought’
Drinks available from 7:30 pm, talk starts at 8pm.
Held in the Cynthia Beerbower Room at Newnham College

St Catharine’s Political Economy Seminar - "The role of government policy to incentivise technology innovation to meet the climate change challenge" Professor Laura Diaz Anadon
2020-03-04 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday, 4 March 2020
Time: 18:00 -19:30
Speaker: Laura Diaz Anadon
Talk Title: “The role of government policy to incentivise technology innovation to meet the climate change challenge”
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 4 March 2020. Professor Laura Diaz Anadon will give a talk on “The role of government policy to incentivise technology innovation to meet the climate change challenge”. 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:
Laura Diaz Anadon is Professor of Climate Change Policy at the University of Cambridge. She joined the Centre for Environment, Energy and Natural Resource Governance (C-EENRG) at the Department of Land Economy in September 2017 after a year in the Department in Politics and International Studies and three years as an Assistant Professor of Public Policy at the Harvard Kennedy School of Government. Professor Anadon is a lead author of the Intergovernmental Panel on Climate Change
(IPCC) Working Group on Climate Mitigation. She was selected as a member of the Innovation Caucus to advise INNOVATE UK, and has engaged with policymakers throughout the world. She has also contributed to UN, IEA, EU, World Bank and OECD reports. The recipient of many awards and scholarships, including the Fundacion Banco Sabadell Award for the Best Spanish Economics researcher under 40 in 2018. Professor Anadon sits on various editorial boards, including the Nature Energy.
Talk Overview:
Professor Diaz Anadon’s research cuts across traditional disciplines, aiming to help governments to make effective technology choices, develop impactful policies and build institutions which tackle climate change. Her team researches energy and environment-oriented technological innovation, identifying and quantifying the diverse benefits that derive from policies designed to promote it; mapping the complex factors that contribute to it; and creating tools for policymakers and analysts to manage the systemic uncertainties that accompany it. Professor Diaz Anadon will discuss her research on public innovation institutions in the climate and energy space, which has included in-depth studies in the United States, China and India. She will discuss the extent to which, empirically, different types of R&D funding mechanisms, partnerships with cleantech startups, and deployment subsidies for renewable energy have led to better low carbon energy technologies, new capabilities, and new firm growth opportunities. She will discuss how can we build and resource effective, empowered institutions able to tackle climate change more rapidly in a changing world in terms of industrial competitiveness, with a particular role on the role of China.
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 – Stephen Pratten - Money, Social Positioning and Trust
2020-02-24 19:30 - 21:30 | Newnham College, Cambridge, United Kingdom
Speaker: Stephen Pratten
Talk Title: ‘Money, Social Positioning and Trust’
Drinks available from 7:30 pm, talk starts at 8pm.
Held in the Cynthia Beerbower Room at Newnham College

St Catharine’s Political Economy Seminar - "The institutional capture of IPCC economics by neoclassical ideology" Terry Barker
2020-02-12 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday, 12 February 2020
Time: 18:00 -19:30
Speaker: Terry Barker
Talk Title: “The institutional capture of IPCC economics by neoclassical ideology”
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 12 February 2020 Terry Barker will give a talk on “The institutional capture of IPCC economics by neoclassical ideology”. 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:
Terry Barker was a Coordinating Lead Author in the IPCC reports AR3 and AR4, 1996-2006, writing the chapters for sectoral mitigation. He was also a member of the team preparing the Synthesis Report for AR3, covering climate science, adaptation and mitigation. He led the writing group of scientists answering the question: “What are the most robust findings and key uncertainties … regarding model projections of …
costs and benefits of mitigation and adaptation options?” He is the Founder and Director of the Cambridge Centre for Climate Change Mitigation Research (4CMR) in Land Economy. He is now a Senior Departmental Fellow in Cambridge and holds an Honorary Chair in The School of Environmental Sciences, University of East Anglia. He is also Founder and Director of Cambridge Econometrics Ltd. He has written extensively on Post Keynesian economics and climate change mitigation policies for the UK, the EU, and at the global scale.
Talk Overview
The Assessment Reports (AR) of the Intergovernmental Panel on Climate Change (IPCC) bring together scientists from across disciplines to assess the literature on climate change, adaptation and mitigation.
Most of the reports are reviews of the literature, which Terry Barker will not discuss, but the IPCC authors also instigate substantial interdisciplinary exercises with climate and energy-economy models to make and report projections involving the policies and their economic costs required to achieve climate stabilisation. Terry Barker asserts that the economics behind the projections in AR5, Mitigation of Climate Change, 2014, appear scientific but are the outcome of ideological assumptions about the economy, typically based only on one year’s data.
The economic models used all involve General Equilibrium. Many are based on the premise that the global economy is in long-term optimal equilibrium, such that any deviation from that equilibrium, e.g. in the form of regulations and/or carbon taxes, will _ipso facto_ lead to economic costs. Terry Barker will assess this and other aspects of this approach and the implications for the costs of radical cuts in emissions.
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 – Simon Deakin - The Ontology of the Corporation
2020-02-10 19:30 - 21:30 | Newnham College, Cambridge, United Kingdom
Speaker: Simon Deakin
Talk Title: ‘The Ontology of the Corporation’
Drinks available from 7:30 pm, talk starts at 8pm.
Held in the Cynthia Beerbower Room at Newnham College

St Catharine’s Political Economy Seminar – A Planner’s Perspective – The Use of Spatial Analysis for Policy Making in Border Regions’ Franziska Sielker
2020-01-29 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday, 29 January 2020
Time: 18:00 -19:30
Speaker: Franziska Sielker
Talk Title: ‘A Planner’s Perspective – The Use of Spatial Analysis for Policy Making in Border Regions’
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 29 January 2020 –Franziska Sielker will give a talk on “A Planner’s Perspective – The Use of Spatial Analysis for Policy Making in Border Regions”. 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:
Franziska Sielker is a Lecturer, Planning and Housing, at the University of Cambridge in the Department of Land Economy. Before taking up the Lectureship, Dr Sielker has been Lead Researcher on a project of ‘Future Cities in the Making- Overcoming Barriers to Information Modelling’, funded by the Centre for Digital Built Britain and a British Academy Newton International Postdoc Fellow for a project on power relationships in European spatial policies. Frannziska Sielker has been Interim Professor and Acting Chair of the Chair of ‘International Planning Studies’ in the academic year 2018/2019 at the TU Dortmund University, Germany. Her PhD was at the University of Erlangen-Nuremberg in Human Geography. Her research interests cover European cohesion policies and spatial governance, cross-border regions, influences of foreign direct investments, such as the Belt and Road Initiative, on national planning processes and digitalisation in planning. Dr Sielker has published in terms of her research interests.
Talk Overview
How do spatial planners make use of economic data? What are the differences in understanding spatial analysis? The Land Economy course is a genuine interdisciplinary course, in which links between economic research and planning are crucial. Against this background, my aim is threefold. First, I introduce the differences in how planners and economists’ approach, understand and use the same concepts and terms.
Second, I outline how planners make use of economic indicators as one aspect within ‘spatial analysis’ to build narratives feeding into policy making. Third, I illustrate regional development perspectives in the example of border regions, understood as national, regional and local borders. Traditionally, cross-border integration is associated with an increasing economic integration. Yet, often borders act ‘as a resource’
(Sohn Christophe, 2014). The talk illustrates how economic disparities and economic similarities can both play important roles in fostering cross-border spatial integration. In this talk, I build on a development study of the Bavarian-Czech border, as well as on the results of various research projects conducted between 2013 and 2019.
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 - The Nature of Social Reality
2020-01-27 19:30 - 21:30 | Newnham College, Cambridge, United Kingdom
Speaker: Tony Lawson
Title: The Nature of Social Reality
Drinks available from 7:30 pm, talk starts at 8pm.
Held in the Cynthia Beerbower Room at Newnham College

Cambridge Realist Workshop - Paul Lewis - Ontology and the History of Economic Thought
2019-12-02 19:30 - 22:00 | Newnham 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.
Held in the Cynthia Beerbower Room at Newnham College

St Catharine’s Political Economy Seminar – ‘Policies to promote low-carbon technological development’ by Hector Pollitt
2019-11-27 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday, 27 November 2019
Time: 18:00 -19:30
Speaker: Hector Pollitt
Talk Title: “Policies to promote low-carbon technological development”
Location: Ramsden Room, St Catharine’s College
Speaker:
Hector Pollitt is the head of modelling at Cambridge Econometrics. He is a post-Keynesian economist with specific expertise in macro-sectoral economic modelling. He is currently researching linkages between post-Keynesian economics and complexity theory. At Cambridge Econometrics, Hector Pollitt oversees the application of the E3ME macro-econometric model, which treats the economy as a dynamic system that both shapes and is influenced by technological development. Using the E3ME model, he has carried out high-level policy analysis for public authorities at UK, EU and global levels. He has worked with the European Commission for over ten years and provided inputs to the recent assessment of the EU’s long-term decarbonisation strategy. His other recent work has shown how the development of low-carbon technologies could lead to long-run economic benefits. For example, his modelling for the 2018 New Climate Economy report suggested that limiting global temperature change to 2°C could create $26trn of additional wealth by 2030.
Talk Overview
The challenge to decarbonise the global economy is primarily one of technology development and diffusion. Policies that are popular with economists, such as carbon taxes, will not be effective at reducing emissions levels if consumers do not see affordable alternatives to fossil fuels. Furthermore, without new technology options, these policies are likely to cause social unrest. The solar revolution has given us conclusive proof that policy can influence both the direction and speed of technological development. This finding has important implications for policy makers and suggests that a much broader portfolio of measures is needed than basic carbon pricing measures.
However, successful innovation policy requires an understanding of the innovation chain, right through from basic laboratory research to final commercialisation of products. Accelerating this process requires interventions at each point in the innovation chain. This seminar discusses the role of innovation policy in combating climate change. It will discuss the role of research in the private and public sectors, and the interaction of incentives to innovate with other climate policies.
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 - Dave Elder-Vass - The Nature of Value and price
2019-11-18 19:30 - 22:00 | Newnham College, Cambridge, United Kingdom
Speaker: Dave Elder-Vass
Talk Title: ‘The Nature of Value and price’
Drinks available from 7:30 pm, talk starts at 8pm.
Held in the Cynthia Beerbower Room at Newnham College

St Catharine’s Political Economy Seminar – ‘The End of History: The Political Economy of Post-Liberal Capitalism’ by Aleksandr Buzgalin
2019-11-13 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday, 13 November 2019
Time: 18:00 -19:30
Speaker: Aleksandr Buzgalin
Talk Title: ‘The End of History: The Political Economy of Post-Liberal Capitalism’
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.
Speaker:
Aleksandr Buzgalin is professor at the department of Political Economy and director of the Center for Modern Marxist Studies at Lomonosov Moscow State University, Russia, and Editor in Chief of Questions of Political Economy (Russian bilingual academic journal). He is also vice president of the World Association for Political Economy (WAPE). Buzgalin is the author of more then 400 publications, including 23 books, translated into a number of languages. His areas of research focus on methodological and fundamental aspects of political economy, in particular contradictions of the late capitalism, caused by the new technological transformations and new qualities of market, money and capital in the era of creative revolution. Results of his research were published in Cambridge Journal of Economics, Science & Society and other journals. He is also the author of books and articles in the sphere of development studies, comparative analysis of economic systems and nature of Russian economy.
Talk Overview
Thirty years ago, Francis Fukuyama in his article ‘The End of History?’ formulated a thesis about the final victory of the neoliberal model of capitalism. But history does not stop. Two hundred years after the birth of Marx, The Economist wrote that the millenial generation chooses socialism, and the experts who prepared the report to the US president described socialism as the main threat. Alexander Buzgalin shows that the cause of these fears is the crisis of the existing system of economic relations and institutions of late capitalism. He systematizes the evidences of this crisis and shows, that dominant political and economic elite is looking for a way out of the impasse on the paths of ‘neoliberal conservatism’ that integrates further de-socialization and deregulation in the economy with conservative-authoritarian trends in politics and ideology. At the end of the contribution, Alexander Buzgalin reveals a number of ways of socialization, humanization and ecologization of capitalism, objectively conditioned by the progress of technologies and practices of civil society actors, which differ from the existing social democratic projects that have proved to be of little effectiveness
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 – Stephen Medema - The Utility of Fictional Models for coming to grips with Reality
2019-11-04 19:30 - 22:00 | Newnham College, Cambridge, United Kingdom
Speaker: Stephen Medema
Talk Title: ‘The Utility of Fictional Models for coming to grips with Reality’
Drinks available from 7:30 pm, talk starts at 8pm.Held in the Cynthia Beerbower Room at Newnham College

St Catharine’s Political Economy Seminar – ‘The Evolution of Sectarianism: A Political Economy Approach’ by Sebastian Ille
2019-10-30 18:00 - 19:30
Date: Wednesday, 30 October 2019
Time: 18:00 -19:30
Speaker: Sebastian Ille
Talk Title: ” The Evolution of Sectarianism: A Political Economy Approach”
Location: Rushmore 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.
Speaker:
Sebastian Ille is a Senior Lecturer in Economics at the New College of the Humanities and Editor-in-Chief of International Social Science Journal. His areas of expertise and interest focus on the impact of different types of rationality and interaction patterns on the dynamics defining institutions under decentralized decision-making. He also studies the elements of conflict, especially the factors leading to revolutions and new social contracts. His fields of research include Institutional Economics, Behavioural Economics, Development Economics, Identity Economics, Evolutionary Game Theory, Complex Systems and Agent-Based Modelling. He has published on various topics, including theoretical papers on stochastic stability and meta-rationality, and interdisciplinary research on identity economics, rational atrocities and ISIS, as well as forced private tutoring in Egypt. He is currently working on topics related to the Arab Spring in Egypt and on a textbook for social scientists on various mathematical approaches to modelling social systems and social change.
Talk Overview
The tendency of humans to cooperate for reasons other than self-interest has long intrigued social scientists, leading to a substantial literature in recent years. However, its complement – sectarianism – has not received much attention in the economics literature despite its significant economic impact, its growing importance in recent years and its socio-economic fundamentals. Based on an evolutionary approach, the talk illustrates under which conditions sectarianism and sectarian conflict constitute an evolving property of a social system. The underlying model shows in which manner actions, preferences, economic institutions and sectarian identities co-evolve and suggests an extended constructivist perspective while contesting classical primordial or instrumentalist perspectives. Contrary to common perception, I argue that sectarianism and sectarian conflict are not necessarily driven by a conflict over religious ideologies, but by socio-economic and political grievances. Additionally, the history of interaction and external exertion of influence are key to explaining the tendency for bigotry and hostility.
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 - Really Rethinking Economics
2019-10-21 20:00 - 22:00 | Newnham College, Cambridge, United Kingdom
Speaker: Tony Lawson
Talk Title: ‘Really Rethinking Economics’
Drinks available from 7:30 pm, talk starts at 8pm.
Held in the Cynthia Beerbower Room at Newnham College

St Catharine’s Political Economy Seminar – ‘A Democratic Measure of National Income' by Martin Weale
2019-10-16 18:00 - 20:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday, 16 October 2019
Time: 18:00 -19:30
Speaker: Martin Weale
Talk Title: ‘’A Democratic Measure of National Income’’
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.
Speaker:
Martin Weale is Professor at King’s College, London. He joined King’s College in 2016 after completing two three-year terms as a member of the Monetary Policy Committee of the Bank of England. He had previously been the Director of the National Institute of Economic and Social Research from 1995 to 2010. In 2011 Queen Mary, University of London appointed him a part-time Professor of Economics – a position he held until 2016.
Until 1995 he was a lecturer in Economics at the University of Cambridge and a Fellow of Clare College (B.A. 1977, Sc.D. 2006). He was a member of the Statistics Commission from 2000 to 2008 and of the Board for Actuarial Standards from 2006 to 2011. Weale was appointed CBE for his services to Economics in 1999 and was elected an Honorary Fellow of the Institute of Actuaries in 2001. City University awarded him an honorary doctorate in 2007.
Talk Overview:
National income per capita is widely used as the basis for comparing living standards in different countries. But conventional measures of national income growth are plutocratic. The growth in the incomes of people with initially high income had more influence on the aggregate than does the growth of the incomes of people with initially low income. This paper argues the case for constructing a democratic measure of national income growth, the growth rate of the geometric mean of income per household – one which gives equal weight to the growth experience of each household, whether its initial income is high or low.
To do this means allocating the whole of national income to households, and a method of doing this is suggested. While the Living Conditions and Food Survey is the primary source, issues of under-reporting have to be addressed. This is done by means of stochastic imputation on the basis of covariates. In order to produce a democratic measure of real income growth, it is necessary to compute a democratic deflator – based on the average of each household’s expenditure shares rather than shares in total consumption. Deflation of the geometric mean of each household’s income by this deflator makes it possible to calculate a democratic measure of real income growth. As a result of declining household income inequality since the economic crisis this measure of real income has grown slightly faster than the plutocratic measure since 2006.
Please contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query

EAEPE Conference 2019
2019-09-12 08:00 - 2019-09-15 17:00
The 31st Annual EAEPE Conference 2019
30 years after the fall of the Berlin wall – What happened to Europe/Where does Europe stand today? What is new in economics?
Warsaw, Poland
12-15 September 2019
Keynote Speakers
Geoffrey M. Hodgson, Loughborough University London
Smita Srinivas, The Open University UK & University College London
For further details see:
https://eaepe.org/?page=events&side=annual_conference&sub=eaepe_2019_cfp
Young Scholars Pre-conference
11 – 12 September 2019, in Warsaw, Poland
The pre-conference will be organised in a series of workshops aiming at generating interactive discussions and, therefore, the participants are expected to actively contribute to the discussions. The workshops will last from three to six hours. Participants will be able to attend 2-3 workshops from a list.
Further details for them young scholars pre-conference event are:
https://eaepe.org/?page=events&side=annual_conference&sub=eaepe2019_preconference

Rethinking the Political Economy of Place Conference
2019-07-11 - 2019-07-12 | McGrath Centre, St Catharine’s College, Cambridge, United Kingdom
Rethinking the Political Economy of Place: Challenges of Productivity, Inclusion and Power Conference
This is the sixth Cambridge Journal of Regions, Economy and Society Conference and it will be held on 11-12 July 2019 at St Catharine’s College, Cambridge.
The shifting landscape of concerns and concepts in economic politics in places around the world, calls for a rethinking of the political economy of place. Two of the key challenges – currently faced by cities, regions, nations and supranational institutions around the world – are improving productivity and fostering inclusion. This conference is looking to shed new light on these challenges, in particular when these two challenges are taken in conjunction. We furthermore aim to set these challenges in a broader context. Relating these challenges to the implicit and explicit power structures and processes, prevailing at various scales within contemporary capitalism.
The conference welcomes contributions and has a Call for Papers open.

8th PKES Summer School - Introduction to Post-Keynesian Economics and Political Economy
2019-06-26 - 2019-06-28 | Greenwich University
8th PKES Summer School – Introduction to Post-Keynesian Economics and Political Economy
University of Greenwich
Room None, Park Row, SE10 9LS, London.
26 Jun 2019 9:30 a.m. –28 Jun 2019 4:30 p.m.
This three-day summer school at the University of Greenwich introduces Post-Keynesian Economics as an alternative to mainstream neoclassical economic theory and neoliberal economic policy. Key assumptions in Post Keynesian Economics are that individuals face fundamental uncertainty about the future; there is a central role for ‘animal spirits’ in the determination of investment decisions; inflation is the result of unresolved distributional conflicts; money is an endogenous creation of the private banking system; unemployment is determined by effective demand on the goods markets; financial markets are prone to periodic boom-bust cycles.
Post Keynesian theory is part of a broader Political Economy approach which highlights the social conflict and power relations between classes such as labour, capital and finance and social groups stratified along the lines of gender and ethnicity. Economic analysis should thus be rooted in a historic and institutional setting.
The summer school is aimed at students of economics and social sciences. As the aim of Post Keynesian Economics and Political Economy ultimately is to provide the foundation for progressive economic policies, it may be of interest for a broader audience.
Program
Wednesday, 26 June, 9.30am – 6.30 pm

Welcome and opening
Post Keynesian Economics, Introduction & Overview
(Engelbert Stockhammer, King’s College London)
Effective Demand vs Says Law in Marx, Keynes and Kalecki
(Tomas Rotta, University of Greenwich)
Economic Policy in Europe
(Özlem Onaran, University of Greenwich)
Panel Discussion: Post Keynesian Economic Policy
(Engelbert Stockhammer, Tomas Rotta, Özlem Onaran)

Thursday, 27 June, 9.30am – 6.00pm

Development in Post Keynesian and Marxist theories
(Christina Wolf, Kingston University)
Money in the Economy: A Post-Keynesian Perspective
(Jo Michell, University of the West of England)
Distributional and Ecological Challenges to our Economic System
(Rafael Wildauer, University of Greenwich)
Student Working Groups

Friday, 28 June, 10.30am – 4.30pm

Post-Keynesian and Political Economy Approaches to Economic Policy: Can Global Capitalism be Tamed?
(Gary Dymski, Leeds University)
Student working groups in preparation of the Concluding Panel
Concluding panel: The State of Political Economy and Progressive Economic Policy. Open questions from the workshop
(Engelbert Stockhammer and Gary Dymski)

In order to book tickets please use the online store.
There is a reduced fee if you become a member of PKES (See the the membership section here. Any current university student is eligible for membership at £10 per annum).
NOTE: there are only 20 tickets including accommodation available which will be sold on a first-come first-served basis.
Ticket categories:

Workshop only (no accommodation): £25 (PKES members) / £45 (non-PKES members)
Workshop + accommodation for 3 nights (Wed-Thu, 25/06-27/06). Early Bird registration until 26 May: £60 (PKES members) / £80 (non-PKES members)
Workshop + accommodation for 3 nights (Wed-Thu, 25/06-27/06). After 26 May: £95 (PKES members) / £110 (non-PKES members)

Organising committee
This event is co-organized by the Post-Keynesian Economics Society (PKES), the Institute of Political Economy, Governance, Finance and Accountability(PEGFA) and Rethinking Economics Greenwich. Vital financial support has been received from the Cambridge Political Economy Society Trust.
The organising committee consists of Christina Wolf, Kingston University; Engelbert Stockhammer, King’s College London; Rafael Wildauer, Alexander Guschanski, Ines Heck and Thomas Rabensteiner, all University of Greenwich and Jo Michell, University of the West of England.

29th PKES Annual Workshop
2019-05-29 10:00 - 18:00 | Goldsmiths, University of London, London, SE14 6NW, United Kingdom
The 29th PKES annual workshop will take place at Goldsmiths, University of London (Room LG01 Professor Stuart Hall Building New Cross, London, SE14 6NW) at 10.00 – 18.00 on Wednesday 29 May. The provisional programme is available at: http://www.postkeynesian.net/event/29032019-29th-pkes-annual-workshop
Speakers include: Aurelie Charles, Andreas Joseph, Sue Konzelmann, Maria Nikolaidi, Özlem Onaran, Walter Paternesi Meloni, Hector Pollitt, Sara Reis and Ron Smith.
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 and Engelbert Stockhammer

The 11th Post Keynesian Economics Society (PKES) Annual PhD Student Conference
2019-05-28 19:00 - 21:00 | Goldsmiths, University of London, London, SE14 6NW, United Kingdom
The Post Keynesian Economics Society (PKES) is calling for participants to its 11th Annual PhD Student Conference on 28 May 2019, 9am-7pm. Presenters will be PhD students in their second and third year who are currently enrolled in a PhD programme, and are working on topics relevant to Post Keynesian economics and political economy.
The aim is to give an opportunity to students to present a draft paper out of their PhD dissertation and receive feedback from senior researchers, as well as other students. We invite submission of novel contributions at the stage of pre-publication. Thus, we expect completed dissertation chapters or papers for submission rather than literature reviews. Note that we usually do not accept dissertation outlines or papers based on Master theses for presentation.
Please submit an abstract of a paper (about 250 words) and a brief cover letter describing your research interests, dissertation and the name and email address of a potential referee (who could be your PhD supervisor) by email to g.galanis@gold.ac.uk. The deadline for submissions is 31 March 2019. Applicants will be informed by mid-April. Please also note that we will ask for full papers on 6 May, so please submit an abstract only if you can meet the deadline for the full paper.
The PhD Student Conference will be followed by the Annual PKES Workshop at Goldsmiths on 29 May 2019. All students are welcome to attend. The programme of the Annual Workshop will be available on http://www.postkeynesian.net/ index.html in due course.
Please note that there is no participation fee.
Location
Goldsmiths, University of London, SE14 6NW
Deptford Town Hall, Room B
Accommodation
We are unable to make arrangements for accommodation. The closest hotel to the venue is the Staycity Aparthotel Deptford Bridge. Please arrange your own booking.
Conference organising committee:
Dr Giorgos Galanis, Goldsmiths, University of London
Dr Nina Kaltenbrunner, University of Leeds
Dr Christina Wolf, Kingston University

St Catharine’s Political Economy Seminar – ‘Industrial Policy in the UK' by Diane Coyle
2019-04-24 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday, 24 April 2019
Time: 18:00 -19:30
Speaker: Diane Coyle
Talk Title: ‘Industrial Policy in the UK’
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.
Speaker:
Diane Coyle was previously Professor of Economics at the University of Manchester and has held a number of public service roles including Vice Chair of the BBC Trust (2006-2014), member of the Competition Commission (2001-2009), and member of the Migration Advisory Committee (2009-2014).
Diane Coyle is currently a member of the Natural Capital Committee, an expert adviser to the National Infrastructure Commission and a member of the Council of Economic Advisers. Diane Coyle was awarded a CBE for her contribution to the public understanding of economics in the 2018 New Year Honours. Diane Coyle is heading research in the fields of public policy economics, technology, industrial strategy and global inequality.
Diane Coyle is currently the Bennett Professor of Public Policy, and Fellow of Churchill College, University of Cambridge.
Talk Overview:
The disparity between the least and most productive regions in the UK is wide by the standards of many other OECD economies. While there are many contributory factors to the poor economic outcomes of many UK regions, this paper argues that the concentration of public investment is in and around London and the South East. The appraisal process for infrastructure investment projects follows the methodological set out in the Treasury’s Green Book, with major funding allocation decisions almost wholly centralised. In this paper, Diane Coyle argues that this methodology has reinforced the regional imbalance of the UK economy; that recent changes to the appraisal methods are welcome but unlikely by themselves to redress the London bias in infrastructure decisions; and that although evidence-based appraisal is important, infrastructure investments also need to be based on a strategic view about economic development for the whole of the UK.
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.

St Catharine’s Political Economy Seminar – ‘The Global Commodity System in the 21st Century’ by Photis Lysandrou
2019-04-17 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday, 17 April 2019
Time: 18:00 -19:30
Speaker: Photis Lysandrou
Talk Title: ‘The Global Commodity System in the 21st Century’
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.
Speaker:
Photis Lysandrou is Research Professor at City University Political Economy Research Centre (CITYPERC), Department of International Politics, City University of London. His current research interests are in the areas of the global finance, shadow banking, corporate governance and the political economy of Europe. His recent journal publications include “The Colonisation of the Future: An Alternative View of Financialisation and its Portents”, Journal of Post Keynesian Economics, December 2016, and “The Explosive Growth of the US ABCP Market Between 2004 and 2007: A Search for Yield Story” (co-author, Mimoza Shabani), Journal of Post Keynesian Economics, March, 2017. His most recent book is ‘Commodity: The Global Commodity System in the 21st Century’ published by Routledge.
Talk Overview:
The purpose of this contribution is to provide a generalising into the contemporary global economic condition. To this end, it deploys an analytical framework whose basic unit of analysis is the commodity principle as defined by Karl Marx. During Marx’s lifetime that principle was only dominant in a few regions and even then merely encompassed the labour power and capital capacities in addition to their material outputs. By the end of the 20th century the commodity principle had not only been stretched to encompass the entire globe and but also deepened to encompass the public capacity of government in addition to the private capacities and financial securities in addition to material goods and services. Thus the contemporary global economic condition is viewed from the standpoint of this newly emergent global commodity system. The seminar will first discuss the structure, genesis and operation of the global commodity system before concluding with some proposals for controlling the system. The key proposal will be a call for the establishment of a global tax authority charged with the dual responsibility of coordinating national tax regimes and of implanting a global wealth tax.
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.

Frontiers of Heterodox Macroeconomics Policies Conference
2019-03-28 09:00 - 17:30
In the past few decades and intensified since the global financial crises of August 2007, heterodox macroeconomics has developed apace and its scope has broadened in a number of directions. The purpose of The Cambridge Trust for New Thinking in Economics’ next conference is to review the ‘state of the art’ in heterodox macroeconomics, its strengths and weaknesses and future directions. Heterodox macroeconomics has broadened its scope through gender macroeconomics, ecological macroeconomics and further incorporated income distribution and inequality into macroeconomics analysis. New macroeconomic models, especially the stock-flow consistent modelling have become widely used modes of analysis. Money and finance, monetary policy and fiscal policy as well as other policies have been discussed widely. The focus of this conference will be on all these issues and other as necessary.
This conference is being run by The Cambridge Trust for New Thinking in Economics.

Cambridge Realist Workshop - Christos Pitelis - The Ontology of Organisations, Markets, Business Ecosystems and Entrepreneurship
2019-03-11 19:30 - 21:00 | Newnham College, Cambridge, United Kingdom
Speaker: Christos Pitelis
Talk Title: ‘ The Ontology of Organisations, Markets, Business Ecosystems and Entrepreneurship’
Drinks available from 7:30 pm, talk starts at 8pm.

St Catharine’s Political Economy Seminar - 'Trade and Development: Why a 'No Deal' Brexit Would be an Economic Catastrophe' by Terry Barker
2019-03-06 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday, 6 March February 2019
Time: 18:00 -19:30
Speaker: Terry Barker
Talk Title: ‘’Trade and Development: Why a ‘No Deal’ Brexit Would be an Economic Catastrophe’’
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.
Speaker:
Terry Barker is Professor and Founder of the Cambridge Trust for New Thinking in Economics and a Senior Department Fellow in the Department of Land Economy, University of Cambridge. He holds an Honorary Chair in the School of Environmental Sciences in the University of East Anglia, UK. He has written on various aspects of trade, including the variety hypothesis for international trade, international competitiveness, effective protection, the import content of UK final demand categories, and foreign trade in multi-sectoral models. See: https://econpapers.repec.org/RAS/pba547.htm
Talk Overview:
Trade is a feature of economic growth and development over location and time. The import function is a critical component in Keynesian theory for open economies. Banking and insurance historically developed in response to the gains and risks from intercity and international trade. Underlying the UK’s trade and development are the networks of institutions, known as the Single European Market, and many regulations and instruments at the EU level. A no-deal Brexit would inflict major damage on the UK’s trade and development and threatens the effectiveness and efficiency of the UK’s environment and energy policies. The seminar will address why the no-deal threat is so serious in terms of the fundamental question of how markets evolve to generate public and private goods and protect the environment. A no-deal damages the process of British specialisation and regulation of production, weakening innovation and raising polluting emissions. A lower exchange rate to offset weaker exporting will shift the economy away from high-value quality products and jobs towards more price-competitive goods and services. It will increase inequalities by raising food and energy prices. It will further concentrate activity in the south-east and lead to unemployment in areas relying on manufacturing for export.
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.

St Catharine’s Political Economy Seminar - 'Why Did Economists Fail to Predict the Arab Uprisings?’ by Hassan Hakimian
2019-02-27 18:00 - 19:30 | Ramsden Room, St Catharine’s College, St Catharine's College, Cambridge, cb21rl, United Kingdom
Date: Wednesday, 27 February 2019
Time: 18:00 -19:30
Speaker: Hassan Hakimian
Talk Title: ‘Why Did Economists Fail to Predict the Arab Uprisings?’
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.
Speaker:
Hassan Hakimian is Director of the London Middle East Institute and a Reader in Economics at SOAS, University of London. He has published on Middle Eastern economies with a special focus on Iran as well as on human resources and labour markets. His most recent book (co-edited with Parvin Alizadeh) is Iran and the Global Economy: Petro Populism, Islam and Economic Sanctions (Routledge, 2014). His current research is focused on inclusive growth in the MENA region and the economics of Arab uprisings. Hassan Hakimian is a Founding member and currently the President of the ‘International Iranian Economic Association (IIEA)’ and a Research Fellow and member of the Advisory Committee of the ‘Economic Research Forum (ERF)’ in Cairo. He is the Founder and Series Editor for the ‘Routledge Political Economy of the Middle East and North Africa’, which he launched in 2003 and is currently editing the Routledge Handbook on the Middle East Economy.
Talk Overview:
Economists have a less than happy record of predicting economic crises. Forecasting political upheavals is arguably even more of a challenge. This is partly conceptual since the mainstream economics’ focus on the equilibrium-seeking behaviour of homo economicus guided by rationale choice is ill-equipped to deal with social and political ruptures and uprisings. It is also partly empirical. Economists’ interest in economic fundamentals may miss out important points about mass welfare and material conditions of the population at large. From this perspective a raft of pertinent questions arises in the context of the unforeseen but tumultuous uprisings that rocked Arab countries after 2010/11: Were economists oblivious (not looking)? Were they focused on the wrong indicators? Perhaps weak inferences led them astray? Were the data flawed or did their framework lack sufficient analytical insight?
This talk questions the link between political and economic cycles.Hassan Hakimian argues that as with the Iranian Revolution of 1979, the decade before the Arab uprisings experienced growth – not recession or stagnation – in both cases buoyed by favourable international oil prices. By formulating the case for understanding ‘inclusive growth’ in the region, Hassan Hakimian questions the popular perception that posits the roots of uprisings in economic downturns and immiserisation.
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 Realist Workshop - Beatrice Sasha Kobow, Trevor Wedman and Bahar Araz - A Panel Discussion on 'The Nature of Value'
2019-02-25 19:30 - 21:00 | Newnham College, Cambridge, United Kingdom
Speaker: Beatrice Sasha Kobow, Trevor Wedman and Bahar Araz
A Panel Discussion on ‘The Nature of Value’
Drinks available from 7:30 pm, talk starts at 8pm.
