Download Program - Center for Full Employment and Price Stability

POST KEYNESIAN WORKSHOP — KNOXVILLE, TN JUNE 23-28
FRIDAY JUNE 23, 2000
8:30 - 10:30 SESSION 1
CHAIR: BARKLEY ROSSER
SANDY DARITY
CROSS NATIONAL COMPARISONS OF INTERGROUP
INEQUALITY
JUAN CARLOS
MORENO-BRID
INTEREST PAYMENTS, CAPITAL MOVEMENTS AND
BALANCE OF PAYMENTS CONSTRAINED GROWTH.
SERGIO PARINELLO
INSTITUTIONAL FACTOR IN INTERNATIONAL TRADE
THEORY: NEW VS. OLD TRADE THEORIES
10:30 - 10:45
COFFEE BREAK
10:45 - 12:45 SESSION 2
CHAIR: BASIL MOORE
PHILIP ARESTIS AND
F. SKUSE
THE RELEVANCE OF KALECKI’S ‘POLITICAL ASPECTS
OF FULL EMPLOYMENT’ TO THE 21ST CENTURY.
GARY DYMSKI
KALECKI’S ‘OTHER’ EMPLOYMENT CONSTRAINT:
SOCIAL SEGMENTATION AND THE EROSION OF
ACTIVIST POLICY.
TRACY MOTT
KALECKI’S THEORY OF LIQUIDITY PREFERENCE.
MALCOLM SAWYER
KALECKI ON MONEY AND FINANCE.
1:00 - 2:00 LUNCH
HILTON HOTEL
2:30 - 4:00 SESSION 3
CHAIR: SERGIO PARINELLO
ROBERT BLECKER
LIMITS OF EXPORT-LED GROWTH STRATEGY IN
DEVELOPING COUNTRIES.
BARKLEY ROSSER,
MARINA V. ROSSER
AND EHSAN AHMED
INCOME DISTRIBUTION IN THE TRANSITION
ECONOMIES.
CLIFFORD POIROT
RUSSIAN FINANCIAL CRISIS.
4:15 - 5:45 SESSION 4
CHAIR: RANDY WRAY
THE PALESTINIAN SOLUTION
WARREN MOSLER AND
PAVLINA TCHERNEVA
A DEVELOPMENT PLAN FOR PALESTINE.
7:00PM DINNER
FOUNDRY RESTAURANT
SATURDAY JUNE 24
8:30 - 10:30 SESSION 5
CHAIR: STEVE FAZZARI
L. RANDALL WRAY AND
MARC-ANDRE PIGEON
DEMAND CONSTRAINTS AND ECONOMIC GROWTH.
PAUL DALZIEL
WRAY’S CHARTALIST THEORY OF MONEY AND TAXES:
A PROCESS ANALYSIS.
NICOLA THERON
MONEY SUPPLY ENDOGENEITY IN DEVELOPING
COUNTRIES.
HELMUT ELSENHAUS
WORLDWIDE KEYNESIANISM IN AN ERA OF
GLOBALIZATION
10:30-10:45
COFFEE BREAK
10:45-12:45 SESSION 6
CHAIR: GARY DYMSKI
JAMES GALBRAITH
WAGE AND PROFIT INCOME IN THE US VIA REGIONAL
INEQUALITIES
TOM PALLEY
THE BACKWARD BENDING PHILLIPS CURVE:
DISEQUILIBRIUM AND NEAR RATIONALITY
HUBERT HIEKE
A VAT REDUCTION FOR LABOR INTENSIVE SERVICES: A
STIMULUS TO EMPLOYMENT IN GERMANY
JESUS FELIPE
UNEMPLOYMENT AND PROFITABILITY IN SPAIN
1:00 - 2:00 LUNCH
FOUNDRY RESTAURANT
2:30 - 4:15 SESSION 7
CHAIR: TRACY MOTT
ED WILLIAMS
A FRESH LOOK AT THE EFFICIENT MARKET HYPOTHESIS:
HOW THE INTELLECTUAL HISTORY OF FINANCE
ENCOURAGED A REAL “FRAUD-ON-THE-MARKET”.
DAVID DEQUECH
CONFIDENCE AND ALTERNATIVE KEYNESIAN METHODS
OF DETERMINING ASSET CHOICES.
JOSE LUIS OREIRO
A POST KEYNESIAN THEORY OF ASSET PRICE BUBBLES.
4:25 - 6:00 SESSION 7
CHAIR: PHILIP ARESTIS
LUIZ CARLOS BRESSER
PEREIRA
INTEREST AND COMPETENCE
JAMES K. GALBRAITH
DISCUSSING COMPETENT POLICIES
PAUL DAVIDSON
DISCUSSING COMPETENT POLICIES
7:00 PM DINNER
RIVERSIDE TAVERN
SUNDAY JUNE 25
8:30 - 10:30 - SESSION 9
CHAIR: DAVID DEQUECH
FERNANDO FERRARI
THE REAL CRISIS AND THE PERSPECTIVE OF BRAZIL’S
ECONOMY IN THE BEGINNING OF THE MILLENNIUM.
LUIZ CARLOS BRESSER
PEREIRA
COMPETENCE ALSO MATTERS (BESIDES INTERESTS) WHEN
EVALUATING POLICY DECISIONS AND MACROECONOMIC
OUTCOMES.
FERNANDO CARVALHO
THE IMF AND ITS CRITICS.
ALFREDO SAAD FILHO TRADE AND FINANCIAL LIBERALIZATION FISCAL DISEQUILIBRIUM
AND MACROECONOMIC INSTABILITY: THE CASE OF BRAZIL
10:30 - 10:45
COFFEE BREAK
10:45 - 12:40 SESSION 10
CHAIR: ALICE GIRON
MAT FORSTATER
FULL EMPLOYMENT POLICIES MUST CONSIDER EFFECTIVE
DEMAND AND STRUCTURAL AND TECHNOLOGICAL
CHANGE.
PHILIP ARESTIS AND
MALCOLM SAWYER
ECONOMICS OF A NEW LABOUR: AN ASSESSMENT.
JESUS FERREIRO AND
FELIPE SERRANO
THE SPANISH THIRD WAY: BETWEEN THE LIBERALIZATION
OF THE EIGHTIES AND THE CLASSIC SOCIAL DEMOCRACY.
1:00-2:00 LUNCH
CALHOUN’S RESTAURANT
2:30-4:30 SESSION 11
CHAIR: FERNANDO CARVALHO
LUIGI PASINETTI
THE PRINCIPLE OF EFFECTIVE DEMAND.
DAVID COLANDER
EFFECTIVE SUPPLY VERSUS EFFECTIVE DEMAND.
PAUL DAVIDSON
THE PRINCIPLE OF EFFECTIVE DEMAND: ANOTHER VIEW.
4:30 - 6:00 SESSION 12
CHAIR: JAMES GALBRAITH
MARK SETTERFIELD
FINANCIAL FRAGILITY AND THE BUSINESS CYCLES IN
A SHIFTING EQUILIBRIUM MODEL OF EFFECTIVE DEMAND.
SVEN LARSON
COMPLETING THE THEORY OF EFFECTIVE DEMAND.
FRED LEE +ANDREW TRIGG
KEYNES AND THE PASINETTI PURE PRODUCTION MODEL.
7PM DINNER
CALHOUNS
MONDAY JUNE 26
8:30-10:30 SESSION 13
CHAIR: STEPHEN DUNN
ANDREA BOITANI AND
DOMENICO DELLI GATTI
MARKET IMPERFECTIONS, EFFECTIVE DEMAND AND
COORDINATION FAILURES.
MARC LAVOIE
WAGES.
THE SIMPLE ANALYSIS OF EFFECTIVE DEMAND AND REAL
MARIO POSSAS
EFFECTIVE DEMAND, INVESTMENT AND DYNAMICS: THE
RELEVANCE OF KALECKI FOR THEORY.
10:30 - 10:45
COFFEE BREAK
10:45 - 12:45 SESSION 14
CHAIR; PAUL DALZIEL
STEPHEN DUNN
BOUNDED RATIONALITY IS NOT FUNDAMENTAL
UNCERTAINTY: A POST KEYNESIAN APPROACH.
GIUSEPPE FONTANA
HOW TO MAKE SENSE OF MONEY: MODELING TIME IN A
POST KEYNESIAN PERSPECTIVE.
HASSAN BOUGRINE
MONEY, INSTITUTIONS, AND ECONOMIC GROWTH
1:00 - 2:00 LUNCH
REGAS RESTAURANT
2:30- 4:25 PM SESSION 15
CHAIR: SVEN LARSON
SAVINGS, INVESTMENT AND INCOME DISTRIBUTION
BASIL MOORE
SAVING AND INVESTMENT: THE THEORETICAL CASE FOR
LOWER INTEREST RATES
DAVID BUNTING
KEYNES’S LAW, FRIEDMAN’S WORLD AND BLINDER’S
PROBLEM: THE DETERMINATION OF AGGREGATE
SPENDING BEHAVIOR.
JEFF KONZ
KALECKI AND KEYNES ON THE BUSINESS CYCLE
4:30-6:00 SESSION 16
CHAIR: GUISEPPE FONTANA
JOHN MCCOMBIE
WHAT DOES THE AGGREGATE PRODUCTION FUNCTION
TELL US?
BERNARD VILLAGEAS
THE CIRCUIT ANALYSIS, THE MONETARY ECONOMY OF
PRODUCTION AND THE MULTI SECTORIAL ANALYSIS
PROPOSALS FOR A.S.N.A. BUILT ON INCOME VALUES.
KEVIN SEQUEIRA
PROPERTY RIGHTS AND INTERNATIONAL RELATIONS.
7PM DINNER
THE ORANGERY
TUESDAY JUNE 27
8:30 - 10:30 SESSION 17
CHAIR: MALCOLM SAWYER
ALICIA GIRON
ECONOMIC DEVELOPMENT, FINANCIAL INNOVATION
AND FOREIGN DEBT.
EUGENIA CORREA
NEW ARCHITECTURE FOR A CONGLOMERATE FINANCIAL
WORLD.
PENELOPE HAWKINS
FINANCIAL CONSTRAINTS AND THE SMALL OPEN
ECONOMY.
10:30 - 10:45
COFFEE BREAK
10:45 -12:40 SESSION 18
CHAIR: MARK SETTERFIELD
MYRON GORDON
THE SOCIAL COST AND BENEFIT OF COMPETITIVE
ADVANTAGE.
FERNANDO NORIEGA
EMPLOYMENT, WAGES AND DISTRIBUTION IN AN
OPEN SMALL ECONOMY
JAMES JUNIPER
A KEYNESIAN CRITIQUE OF RECENT APPLICATIONS OF
RISK-SENSITIVE STOCHASTIC CONTROL THEORY
1:00 - 2:00 LUNCH
2:30 - 4:15 SESSION 19
CHAIR: LOUIS-PHILLIPE ROCHON
STEVE SUSANTO
REGRETTABLE EXISTENCE OF THE LAWS OF SUPPLY AND
DEMAND
ETELBERTO ORTIZ
JULIO LOPEZ AND
GUADALUPE MANTEY
EXTERNAL AND DOMESTIC DISEQUILIBRIUM IN
AN ECONOMY IN A PROCESS OF STRUCTURAL REFORM
THE ROLE OF INSTITUTIONAL FACTORS IN THE
TRANSMISSION MECHANISM OF MONETARY POLICY IN
EMERGING ECONOMIES: MEXICO AND KOREA
4:30 - 6:00 SESSION 20
CHAIR: MATT FORSTATER
ELENI PALIGINIS
NATIONAL ECONOMIC POLICIES AND THE MULTINATIONAL
ENTERPRISES IN THE EU PERIPHERAL COUNTRIES
KEVIN NELL
IMPORTED INFLATION IN SOUTH AFRICA: AN EMPIRICAL
STUDY
LONG RUN MONETARY FACTS OF THE UNITED STATES
H. SOMMEZ ATSEGLOU
7:00PM DINNER
CALHOUN’S RESTAURANT
WEDNESDAY JUNE 28
8:30-11:00 SESSION
CHAIR: FERNANDO FERRARI
JAMES KAHN, JUDITH ANN
MCDONALD AND CYNTHIA
TUBBS
THE MACROECONOMICS OF THE ENVIRONMENT: A
CRITICAL SURVEY.
MASSIMO RICOTILLI
INNOVATIVE CHANGE, SEARCH AND THE DIVISION OF
LABOR
JOAS SANTOS AND
PEDRO LEAO
WHY DOES THE INCOME VELOCITY OF MONEY MOVE
PRO-CYCLICALLY?
ROGERIO STUDART
PENSION FUNDS IN BRAZIL:RECENT TRENDS AND THEIR
POTENTIAL ROLE IN FINANCIAL ECONOMIC DEVELOPMEN
11:30 -1:00 LUNCH
HILTON HOTEL