Internationale Fachtagung

The State of Economics after the Crisis

Veranstalter: Macroeconomic Policy Institute (IMK) at the Hans-Boeckler-Foundation, Research Network Macroeconomics and Macroeconomic Policies (FMM)

Ort: Berlin, Best Western Premier Hotel Steglitz International

vom: 25.10.2012, 09:00 Uhr

bis: 27.10.2012, 20:00 Uhr

It is obvious that the experience of the global economic crisis, now commonly referred to as the “Great Recession”, will also change economics as a discipline. The mainstream textbook economics, based on the fiction of rational economic agents and efficient markets, have clearly failed to foresee the crisis and cannot explain its underlying causes. But although various deviant schools of thought have always been critical of the free market economics, the “Great Recession” came as a big surprise also to many heterodox economists. Moreover, a new mainstream economics has not yet emerged from the intellectual bankruptcy of the previous dominant paradigm. This year’s FMM conference asks the question: What is, and what should be, the state of economics after the crisis?

Speakers in plenary sessions: Robert Frank (Cornell University), John King (La Trobe University), Richard Koo (Nomura Research Institute), Michael Kumhof (International Monetary Fund), Tom Stanley (Hendrix College), Achim Truger (Berlin School of Economics).

The submission of papers in the following areas is encouraged: 

  • The relationship between microeconomics and macroeconomics 
  • Implications of experimental and behavioural microeconomics for alternative macroeconomics 
  • Towards a more coherent post-Keynesian paradigm 
  • Institutional impediments for a scientific revolution in economics

For the open part of the conference the submission of papers on the general subject of the Research Network is encouraged as well. We also ask for the submission of papers for graduate student sessions on both the specific topic of this conference and the general subject of the FMM. Hotel costs will be covered for participants presenting in the graduate student sessions.

The deadline for paper proposals is 4 June 2012. Please send an abstract (one page) to Decisions will be made in early July. Registration forms for the introductory lectures and the conference will be made available online in mid July. Accepted papers should be sent in by 15 October to be posted on the conference web page. Selected papers will be published after the conference. Conference language is English.

Registration no longer possible

Organising committee of the conference:
Sebastian Dullien
Eckhard Hein 
Till van Treeck

Coordinating Committee of the Research Network:
Sebastian Dullien (HTW Berlin),
Trevor Evans (Berlin School of Economics and Law)
Jochen Hartwig (KOF/ETH Zürich)
Eckhard Hein (Berlin School of Economics and Law)
Hansjörg Herr (Berlin School of Economics and Law)
Camille Logeay (HTW Berlin)
Özlem Onaran (Westminster University)
Torsten Niechoj (Rhine-Waal University of Applied Sciences, Kamp-Lintfort)
Jan Priewe (HTW Berlin)
Engelbert Stockhammer (Kingston University London)
Claus Thomasberger (HTW Berlin)
Achim Truger (Berlin School of Economics and Law)
Till van Treeck (IMK, Düsseldorf)

More on the Research Network:

Conference programme (pdf)

Call for Papers (pdf)

Introductory workshop for graduate students and young researchers (pdf)

Papers for Download


1st: Welcome and introduction
Till van Treeck, IMK Düsseldorf and University of Duisburg-Essen, Germany


2nd: Plenary session I: The state of economic theory
Should Post Keynesians make a behavioural turn?
John King, La Trobe University, Australia


3rd: Plenary session I: The state of economic theory
The Two Economies: Understanding the Economics of Credit and Debt
Michael Hudson, University of Missouri (KC)


4th: Plenary session I: The state of economic theory
What does it take to falsify theory? A Meta-Regression Revolution
Tom Stanley, Hendrix College, USA


5th: Plenary session II: The state of economic policy
Modelling challenges for the near future: Income inequality, financial systems, and exhaustible resources
Michael Kumhof, International Monetary Fund


6th: Plenary session II: The state of economic policy
Balance sheet recession as the other half of macroeconomics
Richard Koo, Nomura Research Institute, Japan


7th: Plenary session II: The state of economic policy
Austerity in Europe: The German debt brake as a shining example?
Achim Truger, Berlin School of Economics and Law, Germany


8th: Panel discussion: The state of economic policies in Europe
Chair: Sebastian Dullien, HTW Berlin, Germany
Michael Burda, Humboldt University Berlin, Germany
Gustav Horn, IMK Düsseldorf, Germany


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