PKES Summer School Greenwich Political Economy Research Centre

9th PKES Online Summer School – Introduction to Post Keynesian Economics and Political Economy

23rd-26th of June 2020

Due to the Coronavirus pandemic the summer school is taking place online this year. Participation is free of charge, but registration is necessary to receive the reading package and the online invitation. Please make sure to register in advance to allow sufficient time to access the readings. To register please follow this link.

Overview


This four-day summer school introduces Post Keynesian Economics as an alternative to mainstream neoclassical economic theory and neoliberal economic policy. Key assumptions in Post Keynesian Economics are that 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 which highlights the social conflict and power relations between classes such as 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 setting.

The summer school 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 be of interest for a broader audience.

Program 

(Presentation slides can be found via the links below)

Tuesday 23 June 2020: Introduction to Post Keynesian Economics

  • 14.00-14.30: Welcome and opening
  • 14.30-15.30: Post Keynesian Economics, Introduction & Overview
    (Engelbert Stockhammer, King's College London)
  • 15.30-15.45: Break
  • 15.45-16.45: Money in the Economy: A Post-Keynesian Perspective
    (Jo Michell, University of the West of England)
  • 16.45-17.00: Break
  • 17.00-18.00: Distribution and Growth in PK
    (Özlem Onaran, University of Greenwich)
  • 18.00-19.00: Online Pub Quiz 
    (Rethinking Economics Greenwich)

Wednesday 24 June 2020: Topics in Post Keynesian Economics and Political Economy I

Thursday 25 June 2020: Formal Modelling in Post Keynesian Economics

Friday 26 June 2020: Topics in Post Keynesian Economics and Political Economy II

  • 14.00-15.00:The Political Economy of Income Distribution
    (Alexander Guschanski, University of Greenwich)
  • 15.00-15.15 Break
  • 15.15-16.15:The financialisation of almost everything
    (Ewa Karwowski, Hertfordshire Business School)
  • 16.15-16.30 Break
  • 16.30-17.30: Post-Keynesian and Political Economy Approaches to Economic Policy: Can Global Capitalism be Tamed?
    (Gary Dymski, Leeds University)

Booking

Due to the Coronavirus pandemic the summer school is taking place online this year. It is free of charge, but registration is necessary to receive the reading package and the online invitation. To register please follow this link. We do encourage participants to support the summer school by becoming members of the Post Keynesian Economic Society. To join PKES follow this link. Any current university student is eligible for membership at £10 per annum. Membership comes with several benefits, such as free online access to all issues of European Journal of Economics and Economic Policies: Intervention and Review of Keynesian Economics and the right to submit unpublished papers for inclusion in our Working Paper Series.

Organisation and Acknowledgement


This event is co-organised by the Post-Keynesian Economics Society (PKES), the Institute of Political Economy, Governance, Finance and Accountability (PEGFA) and Rethinking Economics Greenwich. Vital support has been received from the Cambridge Political Economy Society Trust.

The organising committee consists of Christina Wolf, Kingston University; Engelbert Stockhammer, King's College London; Rafael Wildauer, Alexander Guschanski, Thomas Rabensteiner and Ben Tippet, all University of Greenwich and Jo Michell, University of the West of England.

For help please contact Alexander.Guschanski@greenwich.ac.uk