Download PSSHE Programme

CALL FOR
APPLICATIONS
ECONOMIC POLICY
AND COMPLEXITY
29.09.2017-3.10.2017
Poznań University
of Economics and Business
2nd edition
The School is intended for PhD Students and early-career researchers interested in
heterodox approaches to studying complex economic phenomena. We provide an
international learning environment for those interested in deepening their knowledge
of heterodox economics or considering applying it to their own research area. Over
five days, participants will have an opportunity of attending lectures, presenting their
findings and ideas, as well as discussing them with highly competent faculty. They
will also take part in workshops or seminars that will improve their analytical skills.
This year will focus on post-Keynesian, institutional and evolutionary perspectives of
economic policy. The full programme and short description of topics can be found
below.
CONFIRMED SPEAKERS:
WOLFRAM ELSNER University of Bremen
MAGDA FONTANA University of Turin
STEVE KEEN Kingston University
ZOFIA ŁAPNIEWSKA Glasgow Caledonian University
PAOLO RAMAZZOTTI University of Macerata
LOUIS-PHILIPPE ROCHON Laurentian University, Review of Keynesian Economics
GUILLAUME VALLET University of Grenoble Alpes
The School is organized by the Poznań University of Economics and Business, in
cooperation with the European Association for Evolutionary Political Economy. For
more information, please contact the Organizing Committee through email:
[email protected] or FACEBOOK.
APPLICATION DEADLINE: MAY 15TH, 2017
ACCEPTANCE DECISION: MAY 31ST, 2017
Application form can be found HERE and should be sent to:
[email protected]
SCHOOL FEE: 150 EURO/650 ZŁ
Fees include lunches and coffee breaks. Budget accommodation can be provided by
organizers upon request.
DEADLINE FOR PAYMENT: JUNE 30TH, 2017
THE ORGANIZING COMMITTEE:
AGNIESZKA ZIOMEK Poznań University of Economics and Business
KRZYSZTOF CZARNECKI Poznań University of Economics and Business
MARCIN CZACHOR Wydawnictwo Ekonomiczne “Heterodox”
– Publishing House “Heterodox”
HOUR/DAY
29/09 FRIDAY
9:00 - 10.30
Welcome address
(RECEPTION
15:00-21:00
28/10 THU +
FRIDAY
MORNING)
Introductory lecture
Paolo Ramazzotti
Historical overview
of heterodox approaches
10:30-10:45
Coffee break
10:45-12:45** Seminar
Paolo Ramazzotti
Evolutionary economics – essential
readings
30/09 SATURDAY
1/10 SUNDAY
2/10 MONDAY
3/10 TUESDAY
Participants’ paper
presentation*
Participants’ paper
presentation*
Participants’ paper
presentation*
Participants’ paper
presentation*
Seminar
Wolfram Elsner
Introductory reading in complexity
economics
Seminar
Steve Keen
Minsky – introduc-
Seminar
Zofia Łapniewska
Investing in the Care
Economy
Seminar
Guillaume Vallet
The sociological
roots of money
tion to the model
Workshop Magda Fontana Simulation methods for institutional economics
12:45-13:45
Lunch break
13:45-14:45
Lecture
Louis-Philippe
Rochon
What’s wrong with
economic policies
today – a post-keynesian perspective
14:45-15:00
Coffee break
15:00-16:00
Q&A with a
professor (lecture
follow-up)
Louis-Philippe
Rochon
16:00-16:30
Coffee break
16:30-18:00
Open lecture ***
Steve Keen
Debunking
economics (PL) book launch and
promotion
Lecture
Steve Keen
Analysing the
impact of financial
markets on economic policy of developed countries
Lecture
Zofia Łapniewska
Feminist economics
and the ethics of
care
Lecture
Wolfram Elsner
Complexity economics as heterodoxy.
Theory and policy
implications
Closing ceremony
Q&A with a
professor (lecture
follow-up)
Steve Keen
Q&A with a
professor (lecture
follow-up)
Zofia Łapniewska
Q&A with a
professor (lecture
follow-up)
Wolfram Elsner
Open lecture
Louis-Philippe
Rochon
Monetary policy
enhancing employment and growth
Participants’ paper
presentations
Wolfram Elsner,
Louis-Philippe
Rochon
How to get published in academic
journals?
Open lecture
Zofia Łapniewska
Gender and Well-Being Budgeting
Ideas
Farewell coffee
* Participants’ presentations: 15 minutes + 15 minutes of discussion.
** Participants will be asked to choose between participating in the 5-day workshop or in the set of seminars.
*** Open lectures are addressed to wider academic audience but they are the integral part of the school programme
PAOLO RAMAZZOTTI
INTRODUCTORY LECTURE: Historical overview of heterodox approaches
Abstract The lecture will consist of three strictly connected parts:
1) A survey of institutional approaches, with special emphasis on their theoretical
and methodological differences;
2) A discussion of systemic openness and synchronic complexity, and their implications for an evolutionary approach to economic theory;
3) An outline of the specific institutional – especially monetary - characteristics of
a modern capitalist market economy.
The common thread will be how these issues affect views concerning economic policy.
SEMINAR: Evolutionary economics – essential readings
Abstract Participants will receive a list of lectures to be discussed during the seminar.
LOUIS-PHILIPPE ROCHON
LECTURE: What’s wrong with economic policies today – a post-Keynesian perspective
Abstract The recent history of monetary and fiscal policies before and after the financial crisis has both contributed to and exacerbated the crisis. From a post-Keynesian
perspective, the crisis was unavoidable. This lecture will offer an analysis of mainstream economic policies, dominated by austerity and monetary policy dominance,
and a critical analysis from a post-Keynesian perspective. It will also argue the set of
policies is based on an erroneous understanding of the real world. In the end, we are
left with a necessary return to the Master in order to make sense of the complexities
of modern capitalism, its inherent problems, its workings, and policy prescriptions.
WOLFRAM ELSNER
LECTURE: Complexity economics as heterodoxy. Theory and policy
implications
Abstract Complexity economics became a powerful research program for a real-world economics. We give an overview and argue that it is incompatible with “equilibrium”/“optimality” of the mainstream-“market”, but develops older heterodox,
including evolutionary-institutional, issues, such as “self-organization”/emergence,
path-dependence/idiosyncrasies, lock-ins, or skewed power distributions. Also,
there is space for emergent institutions through “intentionality” of agents, including
improving collective performance, reducing complexity etc. We consider Complex
Adaptive Systems through “games on networks” in an “evolution-of-cooperation”
perspective. Also, a surge of policy implications has emerged, however still rather
general. With some more specific implications derived, we again reveal similarities
with heterodoxies, namely pragmatist conceptions.
SEMINAR: Introductory reading in complexity economics
Abstract Participants will receive a list of lectures to be discussed during the seminar.
STEVE KEEN
LECTURE: Analysing the impact of financial markets on economic policy
of developed countries
Abstract I will explain why credit is an essential but neglected component of aggregate demand and income, use credit data to identify countries that are suffering from
credit stagnation today, and those that are likely to suffer a credit crisis in the near
future. Finally I will derive a complex systems model of capitalism including finance
from macroeconomic definitions of three key variables: the employment rate, the
wages share of output and the private debt to GDP ratio.
SEMINAR: Minsky – introduction to the model
Abstract Minsky is an Open Source system dynamics program with the unique feature
of using double-entry bookkeeping tables to develop stock-flow consistent differential
equations for modelling financial flows. This seminar will quickly introduce the system
dynamics modelling paradigm, show Minsky’s improvements here (support for LaTeX
formatting, direct entry of variables and operators onto the canvas, live simulation
of models with embedded plots), and then show how to quickly design a monetary
model of an economy with multiple interlocked double entry tables.
ZOFIA ŁAPNIEWSKA
LECTURE: Feminist economics and the ethics of care
Abstract Feminist economics, as one of heterodox approaches to economics, is
a criticism of and an alternative to the mainstream trend that is currently neoclassical
economics, also known as neoliberal economics. We - feminist economists - oppose
the “rational, economic man” model set at the core of economic analyses and instead
we call for the inclusion of women as subjects and objects of economic inquiries. We
focus as well on reformulating macroeconomic goals in such a way as to be guided
by the ethics of care. Therefore, the dominant individualistic perspective is changed
into a more social and collective one based on reciprocity, solidarity, and equal rights.
My lecture will introduce the participants to the main fields of interest of feminist
economics and care - both required and provided - so societies could reproduce and
everyone would have the opportunity to live a good life. SEMINAR: Investing in the Care Economy
Abstract An economy based on care is a concept recently discussed in many political
circles. The care economy is defined as a system in which care for others, especially
dependent persons, as well as for nature constitutes the basis for future production and
reproduction, exchange and consumption in the real economy. In such economy invest-
ment in social infrastructure, perceived as education, health and care services, not only
substantially contributes to economic growth and increase in employment but also reduces
gender inequalities and increases citizens’ well-being. During the seminar participants
will familiarize themselves with an economic tool based on input-output tables for estimating direct, indirect and induced effects of such investments on economic outcomes
as well as with a discussion on the value of introducing care economy accompanied by
human rights and well-being.
GUILLAUME VALLET
SEMINAR: The need for pluralism: the contribution of Sociology to Economics
Abstract In the neoclassical tradition, money is only viewed through its external functions,
especially as a medium of exchange: money exists in order to facilitate trade. Money is
considered neutral, and as Turgot stated, “every money is a good and every good is money”.
This presentation will take the opposite approach, largely influenced by sociology. Money should be defined according to its ontology, meaning the three meanings of money:
significance, direction, emotion. Above all, money refers to its ability to build social links
within a community, which is consistent with the Keynesian or Schumpeterian traditions.
I argue that relationships within the community are both stable and permanent thanks
to the unit of account function of money.
The presentation will be based on the thought of eminent scholars, such as Simmel,
Weber, Simiand, Small, Schumpeter for the historical view, and Dodd, Ingham or Zelizer
of the actual view.
MAGDA FONTANA
WORKSHOP: Simulation methods for institutional economics
Abstract The workshop focuses on agent-based modeling (ABM) as a tool to understand economic and social phenomena. The core idea is that phenomena can be effectively modeled with agents, an environment and a description of agent-agent and
agent-environment interactions: ABM is a form of computational modeling whereby
a phenomenon is modeled in terms of agents and their interactions. It is particularly
beneficial when agents are heterogeneous and interaction is non –linear. ABM helps
in figuring out aggregate patterns when we only have knowledge on how individual
elements behave. Else, it is also used when the aggregate pattern is known in order to
find the behavior of the elements that could generate it. ABM will be introduced through the discussion of several applications (social segregation, technology diffusion and
networks, economic inequalities). Participants will actively take part to the workshop by
writing elementary code in Netlogo (no prior programming knowledge is required) and
by conducting analyses on the simulated data.
WYDAWNICTWO EKONOMICZNE