In September 2008 the bankruptcy of Lehman Brothers was a landmark in a series of events that triggered the great financial and economic crisis. However, its roots lie much deeper: rising inequality, deregulation of financial markets, private debt and trade imbalances are discussed to play a role. Ten years later, financial markets are again reaching record highs, the world economy grows at a strong pace and major central banks are beginning to tighten their monetary policy stance. At the same time, the gains accrue largely to a small elite, even limited regulatory achievements are under attack, and right-wing populism is threatening democracy in high-income countries, while many low-income countries still struggle from war and poverty. What did societies and politicians learn from the crash? What have been theoretical achievements in orthodox and heterodox economic thinking since then? Where do we go from here?
Speakers in plenary sessions: Amit Bhaduri (Jawaharlal Nehru University), Martin Hellwig (Max Planck Institute for Research on Collective Goods, Bonn), Engelbert Stockhammer (King’s College London), Rüdiger Bachmann (University of Notre Dame, USA), Stephanie Seguino (University of Vermont, USA), Helene Schuberth (Austrian National Bank), Tom Ferguson (Institute for New Economic Thinking), László Andor (Corvinus University, Budapest).
There will be a day of introductory lectures for graduate students on 25th October prior to the opening panel, featuring the following topics in heterodox economics:
- Robert A Blecker (American University, USA): An introduction into the profit-led demand-led literature.
- Amit Bhaduri (Jawaharlal Nehru University, India): Demand-driven short-run macroeconomics.
- Stephanie Seguino (University of Vermont, USA): Macroeconomics and Intergroup Inequality?
Deadline for registration and hotel reservation is 30 September. Please be sure to register early as conference seats and hotel rooms are in limited supply. The conference language is English. We do not charge a conference fee.