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DTSTART;TZID=UTC:20191016T180000
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SUMMARY:St Catharine’s Political Economy Seminar – ‘A Democratic Measure of National Income' by Martin Weale
DESCRIPTION:Date: Wednesday\, 16 October 2019\nTime: 18:00 -19:30\nSpeaker: Martin Weale\nTalk Title: ‘’A Democratic Measure of National Income’’\nLocation: Ramsden Room\, St Catharine’s College \nAll 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:\nMartin 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.\nUntil 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. \nTalk Overview:\nNational 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.\nTo 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. \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-a-democratic-measure-of-national-income-by-martin-weale-3/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
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DTSTART;TZID=UTC:20191021T200000
DTEND;TZID=UTC:20191021T220000
DTSTAMP:20260411T144748
CREATED:20190923T100557Z
LAST-MODIFIED:20190923T100606Z
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SUMMARY:Cambridge Realist Workshop –  Tony Lawson - Really Rethinking Economics
DESCRIPTION:Speaker: Tony Lawson \nTalk Title: ‘Really Rethinking Economics’ \nDrinks available from 7:30 pm\, talk starts at 8pm. \nHeld in the Cynthia Beerbower Room at Newnham College
URL:https://politicaleconomyhub.net/event/cambridge-realist-workshop-tony-lawson-really-rethinking-economics/
LOCATION:Newnham College\, Cambridge\, United Kingdom
CATEGORIES:CRW
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BEGIN:VEVENT
DTSTART;TZID=UTC:20191030T180000
DTEND;TZID=UTC:20191030T193000
DTSTAMP:20260411T144748
CREATED:20190923T105456Z
LAST-MODIFIED:20190923T105603Z
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SUMMARY:St Catharine’s Political Economy Seminar – ‘The Evolution of Sectarianism: A Political Economy Approach’ by Sebastian Ille
DESCRIPTION:Date: Wednesday\, 30 October 2019\nTime: 18:00 -19:30\nSpeaker: Sebastian Ille\nTalk Title: ” The Evolution of Sectarianism: A Political Economy Approach”\nLocation: Rushmore Room\, St Catharine’s College \nAll 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:\nSebastian 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. \nTalk Overview\nThe 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. \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-a-democratic-measure-of-national-income-by-martin-weale-4/
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