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The Old Economics


International Initiative for Promoting Political Economy

“The Crisis: Scholarship, Policies, Conflicts and Alternatives”

L’Orientale, Naples, Italy
September 16-18, 2014

The Crisis: Scholarship, Policies, Conflicts and Alternatives


Call for Papers

The economic crisis that started in 2007 has become the deepest global contraction since the Great Depression, and the economic recovery has been the slowest and weakest on record. The costs of the crisis include a wave of unemployment that may take another decade or longer to clear, and higher taxes and reduced public services for working people, such as healthcare and education, in order to bail out wealthy bankers and bondholders. A whole generation, especially the youth, has been blighted by the crisis, which has had devastating consequences for hundreds of millions of people across the world. Protests and violent conflicts have flared up on several continents, in particular in Southern Europe, the Middle East and North Africa, which may develop into larger scale conflicts. From the viewpoint of political economy, the current strategy of ‘adjustment within neoliberalism’ is economically inconsistent, socially dysfunctional and politically intolerable:

It is built on the premise that neoliberal capitalism is intrinsically stable, even though every finance-driven expansion since the 1970s has ended in a crisis requiring a large state bail-out. In other words, neoliberalism is dynamic only between crises, and it depends in boom and recession on extensive, supportive government intervention.

It is built on a misguided position on the role of the government in the economy, which assumes that massive fiscal spending is appropriate to support finance in crises, while it is never appropriate for governments to spend even much smaller amounts to protect employment, incomes, living standards and public services, either in better times when obtaining government revenue would be easier or – even – as a more effective response to crises.

It is also built on the notion that economic and social provision should be subjected to the self interests of the financial system, an unacceptable proposition in itself that becomes absurd when the financial system has clearly demonstrated that it has become highly dysfunctional under neoliberalism.

The Fifth Annual Conference in Political Economy will examine the global crisis from the complementary angles of scholarship, policies,confl icts and alternatives. Papers on all aspects of poitical economy are welcome, while those on these topics are especially encouraged.

Practical Information

IIPPE welcomes the submission of (a) proposals for panels (or streams of panels) and (b) proposals for individual papers (which IIPPE will group into panels).

All proposals can be submitted to either the Working Group coordinators or directly to the Conference Programme Committee, as indicated on the application form (see below). Any papers or panels which cannot be accepted by the Working Groups will be forwarded for further consideration by the Programme Committee, without prejudice.

Each proposal must be submitted through this application form (if your browser has problems with this link, please contact Niels Hahn,

Note that an individual can normally only present only one paper at the conference, although multiple co-authorship is allowed. Please contact Al Campbell ( if there is a pressing case for someone to present more than once. On the Conference Programme only the designated presenter will be listed, and co-authors will only be listed on those papers submitted and posted on the IIPPE site.

The deadline for submission of proposals for papers and panels is 1 April 2014. Successful submissions will be confirmed by 1 May 2014. The deadline for registration for the Conference is 15 May 2014. The deadline for the submission of full papers, which will be posted on the IIPPE website, is 1 September 2014.

If you have any questions concerning your submission, please contact Al Campbell at: (

Local Organising Committee

Pietro Masina (

Michela Cerimele (

Lorenza Monaco (

Conference Programme Committee:

Alfredo Saad Filho ( ),

Al Campbell (

Niels Hahn ( (



IIPPE Financialisation Working Group

Call for Papers

The Fifth Annual Conference in Political Economy.

Università degli Studi di Napoli “L’Orientale”, Naples, Italy

16 to 18 September, 2014

Over the last three decades developed and developing economies have gone through significant structural transformations under the ever increasing influence of finance. In critical political economy, the resultant mode of accumulation, and its corresponding social effects, have been analysed under the heading of financialisation and neoliberalism.  Whether the financial crisis that started in 2008 was the end or only an interruption to financialisation  and/or neoliberalism, its costs are still borne by governments and the general public.

The International Initiative of Promotion of Political Economy (IIPPE) organises its Fifth Annual Conference in Political Economy. The conference will be held at Università degli Studi di Napoli “L’Orientale”, Naples, Italy, from 16 to 18 September, 2013 and the theme of the conference is “The Crisis: Scholarship, Policies, Conflicts and Alternatives”.

The IIPPE Financialisation Working Group intends to coordinate panels exploring the implications of financialisation on different aspects of the current crises. In our capacity as convenors of the IIPPE Working Group on Financialisation, we would like to encourage you to submit proposals for individual papers or complete panel to the Working Group for consideration for the Fourth International Conference in Political Economy. In accordance with the general call for papers, contributions could include, but are not limited to:

·       Financialisation of Middle Income Countries; the integration of Middle Income Countries into the global finance with the increasing international capital flows; manifestations and consequences of financialisation in emerging countries.

·       Financialisation of commodities; the increasing growth of commodity index investment and changes in the social relations along commodity chains.

·       Financialisaton of households and income distribution; unequal market and social power relations between classes with the increasing dependence on financial forms of meeting the needs of social reproduction.

·       Limitations of mainstream economic theory and; the role and use of alternative critical studies and methodology in financialisation theory

·       The evolution of financialisation after the crisis, the future of the Euro;  economic analysis of and policy alternatives for social policy as well as transforming financial regulations and international banking reforms

·       Financialisation, the state and conflicts across classes during the recent economic crisis and the ensuing global recession


We would particularly like to encourage the submission of panel proposals (2-4 presentations). Panels, which collectively present the work of institutions or other academic groups, provide an excellent opportunity to showcase work in a greater depth than is possible in single presentations. It is further hoped that the conference will provide an opportunity to deepen links between groups working on finance from a critical perspective.

Abstracts of individual papers (max. 500 words) or panel proposals (max. 500 words plus abstracts of the individual papers) should be submitted to by 17th March 2014.

Following the success of previous Training Workshops, the International Initiative for the Promotion of Political Economy is proud to announce TWO forthcoming training workshops in March 2014. It will run a two-day workshop on Class in London on the 24th and 25th of March 2014, at the School of Oriental and African Studies. And it will run a one-day workshop on Marx, Keynes and Economic Crises in the 20th and 21st Centuries in Leeds on the 31st of March at the LeedsUniversityBusinessSchool. For both workshops, we are seeking an audience of undergraduate and postgraduate students, junior academics and activists, who have a particular interest in acquainting themselves with the basic principles of Marxian political economy and heterodox economics more broadly. For the London workshop, participants include: Henry Bernstein, Adam Hanieh, Alfredo Saad-Filho, and Ben Selwyn, and limited funding is available to support travel costs (from within the UK). For the Leeds workshop, participants include: Andrew Brown, Gary Dymski, Annina Kaltenbrunner, Malcolm Sawyer, Gary Slater and David Spencer. If you wish to apply to attend either (or both) of these workshops, please send, before 1st of March 2014, your name and occupation, for the LONDON WORKSHOP to and for the LEEDS WORKSHOP to







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