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Tag Archives: Financial Crises

Capitalism in Crisis

BEYOND THE HEADLINES – THE POLITICAL ECONOMY OF THE CRISIS

A workshop organised by the Political Economy Research Group

Tuesday 15th June, 9.00-6.00pm
John Galsworthy building JG1005 and JG1006,
Penrhyn Road campus, Kingston University

World capitalism has entered its worst economic crisis since the inter-war period of the twentieth century. Is this crisis simply due to poor regulation of the financial sector or does it reflect an intrinsic instability in capitalism? Does it mark the end of Neoliberalism? What economic policy conclusions are we to draw from the crisis and what will the new rules for financial regulation, monetary policy and fiscal policy look like? Do we need minor reforms or is capitalism itself in question? The workshop will discuss the causes and the nature of the present crisis as well as the future of economic policy, with a special focus on Europe.

Timetable

9.00     Registration + coffee

9.30     Opening (TBA)

10.00-12.00    The causes and the nature of the crisis, chair: Julian Wells

* John Grahl, Middlesex University:  Financial causes of the crisis

* Engelbert Stockhammer, Kingston University: Neoliberalism, income distribution and the causes of the crisis

* Alan Freeman, Association for Heterodox Economics: The causes of the USA’s long-term economic decline

Lunch

13.30-15.30    The future of monetary and fiscal policy, chair: Paul Auerbach

* Victoria Chick, University College London: The return of Keynes?

* Dominique Plihon, University Paris 13: The new role of central banks in financial regulation

* Philip Arestis, Cambridge University: Current Crisis and Economic Policy Implications

16.00-18.00    The future of economic policy in Europe, chair: Engelbert Stockhammer

* Costas Lapavitsas, SOAS: Beggar your neighbour and thyself

*   Ozlem Onaran, Middlesex University:  The Crisis in Europe, East and West

* Malcolm Sawyer, Leeds University: Can the European Union ever have full employment?

Reception

The Political Economy Research Group:

The Political Economy approach highlights the role of effective demand, institutions and social conflict in economic analysis and thereby builds on Austrian, Institutionalist, Marxist, and Keynesian traditions. Economic processes are perceived to be embedded in social relations that must be analysed in the context of historical considerations, power relations and social norms.  As a consequence, a broad range of methodological approaches is employed, and cooperation with other disciplines, including history, law and other social sciences, is necessary.

Booking and further information:
Participation is free, but registration is necessary at http://fass.kingston.ac.uk/activities/conferences/register/
For more information, please visit: http://fass.kingston.ac.uk/activities/item.php?updatenum=1381
For directions: http://www.kingston.ac.uk/aboutkingstonuniversity/location/howtofindus/

Capitalist Crisis

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