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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.
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.
Booking is essential to attend this event.
For further information about this event:
Contact: Dr Engelbert Stockhammer
Directions to Room 3003, John Galsworthy building, Penrhyn Road campus, Penrhyn Road, Kingston upon Thames, Surrey KT1 2EE:
Dr Engelbert Stockhammer