skip to primary navigationskip to content

St Catharine's Political Economy Seminar - The Economics of Austerity series

When Mar 13, 2013
from 06:00 PM to 07:30 PM
Where Ramsden Room, St Catharine's College
Contact Name
Add event to calendar vCal

Lord Desai will give a talk on 'What kind of Economics for Austerity?'.

MEGHNAD DESAI is Professor Emeritus at LSE and a member of the House of Lords. Lord Desai is the author of Marxian Economics, Testing Monetarism, two volumes of Selected Essays - Macroeconomics and Monetary Theory and Poverty Famine and Economic Development. He has also published over 150 articles in refereed journals.

CONTENT: The Great Recession has now lasted for five years. The previously accepted Keynesian cure is no longer being seen as relevant or likely to be effective. Do we need to rethink macroeconomics to explain the onset and the persistence of the recession? The shortcomings of the Keynesian framework-closed economy,a flow-flow model ignoring stocks, concern with oversaving while the problem is undersaving,ignoring the intertemporal aspects of public debt - will be explored. The ideas of Marx and Hayek will be explored as an alternative. Stock dlsequilibria need to be modelled as well as the global interdependence of an oversaving Asia and an undersaving West.

« August 2019 »

RSS Feed Latest news

Winners of the Best Student Paper Award 2018 announced

Aug 21, 2018

Cambridge Finance is proud to announce the winners of the Best student Paper Award for 2017-2018

View all news

Upcoming events

Cambridge Finance Workshop - Gerardo Ferrara

Oct 17, 2019

KH107, Keynes House, Judge Business School

Previous events

Upcoming events