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DTSTART:20180101T000000
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DTSTART;TZID=UTC:20180307T180000
DTEND;TZID=UTC:20180307T193000
DTSTAMP:20260404T175429
CREATED:20180122T101743Z
LAST-MODIFIED:20180122T102237Z
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SUMMARY:St Catharine’s Political Economy Seminar – ‘Technological Unemployment: Myth or Reality’\, Robert Skidelsky
DESCRIPTION:Date: Wednesday\, 7 March 2018\nTime: 18:00 -19:30\nSpeaker: Robert Skidelsky\nTalk Title:‘Technological Unemployment: Myth or Reality’\nLocation: Ramsden Room\, St Catharine’s College \nThe 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. \nSpeaker:\nRobert 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). \nTalk Overview:\nThis 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. \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query.
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-global-imbalances-and-greeces-exit-from-the-crisis-dimitrios-tsomocos/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
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DTSTART;TZID=UTC:20180314T180000
DTEND;TZID=UTC:20180314T193000
DTSTAMP:20260404T175429
CREATED:20180122T102538Z
LAST-MODIFIED:20180122T102606Z
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SUMMARY:St Catharine’s Political Economy Seminar – ‘‘Bank Credit Rating Changes\, Capital Structure Adjustments and Lending’’\, Claudia Girardone
DESCRIPTION:Date: Wednesday\, 14 March 2018\nTime: 18:00 -19:30\nSpeaker: Claudia Girardone\nTalk Title:‘Bank Credit Rating Changes\, Capital Structure Adjustments and Lending’\nLocation: Ramsden Room\, St Catharine’s College \nThe 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. \nSpeaker:\nClaudia 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. \nTalk Overview:\nThis 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. \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query.
URL:https://politicaleconomyhub.net/event/812/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
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DTSTART;VALUE=DATE:20180322
DTEND;VALUE=DATE:20180323
DTSTAMP:20260404T175429
CREATED:20180129T123244Z
LAST-MODIFIED:20180130T113511Z
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SUMMARY:The Cambridge Trust for New Thinking in Economics (CTNTE) Conference
DESCRIPTION:The Cambridge Trust for New Thinking in Economics (CTNTE) annual conference has a title of ‘ Inequality: trends\, causes\, consequences\, relevant policies’\nThe conference will be held on Thursday 22 March\, 2018 at St Catharine’s College\, Cambridge\, UK\nThe 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. \nDetailed information regarding the conference programme\, speakers and papers is available online at http://www.neweconomicthinking.org/prog_March2018.htm. \nThe 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. \nThe places are limited\, so please register quickly by filling in a registration form at http://www.neweconomicthinking.org/register_2018.htm
URL:https://politicaleconomyhub.net/event/the-cambridge-trust-for-new-thinking-in-economics-ctnte-conference/
LOCATION:Senior Combination Room (SCR)\, St Catharine’s College\, Cambridge\, United Kingdom
CATEGORIES:Conference
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