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SUMMARY:Talk by Gary Dymski: “The Neoclassical Sink and the Heterodox Sp
 iral: Why the Twin Global Crisis has not Transformed Economics” - Profes
 sor Gary Dymski\, Professor and Chair in Applied Economics at Leeds Busine
 ss School\, University of Leeds
DTSTART:20121120T163000Z
DTEND:20121120T180000Z
UID:TALK41598@talks.cam.ac.uk
CONTACT:Shinjini
DESCRIPTION:A crisis that started as an apparent textbook case of how fina
 ncial and asset markets can spin out of control without adequate public ov
 ersight has transmuted in four years into a crisis of irresponsible sovere
 igns\, such that restoring prosperity only requires restraining government
  spending\, unburdening enterprise\, and reining in rent-seeking public em
 ployees.\n\nWhy has this explanatory reversal occurred? Why has the neolib
 eral approach to financial governance and macroeconomic policy not been re
 pudiated by an economics mainstream whose collective reputation is clearly
  at stake amidst the warning signs of a looming global depression? And wha
 t does this turn of events mean for the future of heterodox economic theor
 y? This seminar aims to address these important questions.
LOCATION:Room 2\, Central Lecture Block\, Sidgwick Site
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