Finance and the Macroeconomy – A Postkeynesian Perspective
26 September 2014 9:00 am
Vienna University of Economics and Business, Welthandelsplatz 1, Executive
The financial crisis of 2007, but also the crisis of the Eurozone followed by stagnation, depression and unacceptable levels of unemployment have convincingly demonstrated a) that the stability of the financial sector is of overwhelming importance for the development of the real economy and (b) that conventional, neoclassical macroeconomic thinking, based on an irrational and ideologically biased faith in the perfect rationality of human behaviour and the efficiency of (financial) markets, failed to take into account the serious stability risks associated with a deregulated financial sector. The workshop brings together some renowned researchers, which share the view that an alternative macroeconomic paradigm based on the postkeynesian tradition is needed to understand the deeper causes of the crisis and that alternative remedies and policy concepts are needed.
The workshop takes place on 26-27 September 2014 and is organized by the Institute of Labour Economics and the Institute of Sustainable Economics at the WU, in cooperation with The Vienna Institute for International Economic Studies (WIIW), and the Vienna Chamber of Labour
Please register for this event, due to limited space: Registration