An introduction to Post-Keynesian economics and political economy 2018

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Venue: Room 3003, John Galsworthy building, Penrhyn Road campus, Penrhyn Road, Kingston upon Thames, Surrey KT1 2EE
Price: £20 - £150

The Global Financial Crisis has demonstrated the limitations of mainstream economic theory and neoliberal economic policy. This workshop will introduce Post-Keynesian Economics as an alternative to orthodoxy. Post Keynesian Economics has at its core the concepts of effective demand and distributional conflict: individuals face fundamental uncertainty about the future; there is a central role for ‘animal spirits' in the determination of investment decisions; inflation is the result of unresolved distributional conflicts; money is an endogenous creation of the private banking system; unemployment is determined by effective demand on the goods markets; financial markets are prone to periodic boom-bust cycles. Post Keynesian theory is part of a broader Political Economy approach highlights the social conflict and power relations such as the between classes such labour, capital and finance and social groups stratified along the lines of gender and ethnicity. Economic analysis should thus be rooted in a historic and institutional analysis.

The workshop is aimed at students of economics and social sciences. As the aim of Post Keynesian Economics and Political Economy ultimately is to provide the foundation for progressive economic policies, it may of interest for a broader audience.

View the full programme and see further information.

To join the Post-Keynesian Study Group please visit the website and click on ‘Join PKSG'. Any current university student is eligible for membership at £10 per annum.

For further information about this event:

Contact: Dr Engelbert Stockhammer
Email: e.stockhammer@kingston.ac.uk