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Tag Archives: Julian Wells


This is advance notice of a planned stream at next year’s conference of the Association for Heterodox Economics, to be held at Nottingham Trent University.


Below is a draft of the proposal to the conference organisers.

As you will see the aim is develop the work begun by the 1991 volume edited by Paul Dunne, and recently continued by the Developing Quantitative Marxism workshops at Bristol.

Please send expressions of interest to me in the first instance.

Julian Wells

Julian Wells
Senior Lecturer in Economics
School of Economics
Faculty of Arts and Social Sciences
Kingston University
Penrhyn Road
+44 (0) 20-8417 2431


1) Appeal for submissions

This initiative aims to develop empirical Marxist analysis as an alternative perspective to the prevailing orthodoxy and to create a coherent, influential and self-sustaining research agenda.

Papers are invited on any topic in Marxist political economy that deal with empirical issues and/or use quantitative information and methods. The intention is not to debate the validity of the approach, but to use it to show the power and potential of Marxist analysis of capital.

The theme is in the tradition of the edited volume Quantitative Marxism (Dunne 1991), and the recent conferences in this field organised at Bristol (UK) (see

Papers revisiting topics covered in Dunne (1991) are welcome, as are ones in fresh areas: the key aim is to develop a comprehensive and contemporary research agenda.

Dunne, Paul (ed.) (1991) Quantitative Marxism. Cambridge: Polity Press

2) Title of panel

Developing Quantitative Marxism

3) Panel organiser

Julian Wells
School of Economics
Faculty of Arts and Social Sciences
Kingston University
Penrhyn Road
United Kingdom
+44 (0)20 8417 2285

4) Peer review process

The theme organisers hope to accept all papers that appear to relate to the theme’s scope as described in the appeal, subject to generally accepted academic standards. In the event that resource constraints compel further selection, the theme organisers will (a) give priority to individual papers whose approach demonstrates specific regard to the pluralist principles of the AHE, and (b) seek to give effect to pluralist principles in the overall programme of the theme.

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Capitalism in 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.


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


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?


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
For more information, please visit:
For directions:

Capitalist Crisis

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