CALL FOR PAPERS

The University of Missouri-Kansas City, in association with the Levy Economics Institute, the Ford Foundation, the Journal of Post Keynesian Economics, M.E. Sharpe, and New Economic Perspectives, announces a call for papers for the 11th International Post Keynesian Conference:

Reclaiming the Keynesian Revolution

September 27-29, 2012, Kansas City, MO, USA featuring plenary sessions on current Ford Foundation projects
The initial response of economists, policymakers, and central bankers to the Global Financial Crisis and subsequent Great Recession was a reversion Neo-classical synthesis Keynesianism theory and policy prescriptions. However, the real effects of the Global Financial Crisis persist in continued high unemployment levels and underutilization of productive capacity, ongoing financial turmoil, and widening income disparity. The perceived failure of the crisis response has lent its support to the widespread implantation of austerity programs in a return to pre-Keynesian economic theory and policy. In light of this, it is clear that a return to theory and policy in the tradition of Keynes unfinished revolution is necessary. Unfortunately, economists and policymakers propounding the need for a truly Post-Keynesian economics do not agree on a great deal as to what form the completion of Keynes unfinished revolution should take. This conference will address how Post Keynesian and Heterodox economists can reclaim the spirit of the Keynesian revolution by promoting economic theory and policy more suitable for needs of a modern and evolving capitalism. The 11th International Post Keynesian Conference will address all the traditional areas of theoretical, applied, and policy research covered by Post Keynesian and other Heterodox approaches to economics. We especially encourage paper or panel proposals in the following areas: The causes and consequences of and cures for the ongoing financial crisis. Central bank responses to the crisis relating to issues of democratic accountability, QE and inflation, and regulatory reform. Issues of inflation, stimulus, debt, and sustainability regarding fiscal policy responses to the crisis. Real estate prices and mortgage problems. New directions in economics in light of the Global Financial Crisis. Impacts of the Global Financial Crisis on the BRICs and the developing world. Modern Money Theory, Functional Finance, and the problems of Euroland. Surplus approach, linear production models and Post Keynesian Economics. Keynes, Post Keynesians and employment at the level of the business enterprise and industry. The Post Keynesian approach to the determination of the wage rate. Industry, unemployment, and structural change as elements of the theory of effective demand. Critical realism as a methodological foundation of the Keynesian revolution. The role of prices and price theory in the Keynesian revolution. The role of the profit markup in investment and effective demand. The relation between Post Keynesian, Marxian, Institutionalist, and Sraffian economics. What can analysis in the tradition of Veblen tell us about the role of institutions in recent financial crises, the continued financialization of the global economy, and increasing income inequality? Problems of aggregation in Post Keynesian modelingor why traditional model aggregation cannot be consistent with Post Keynesian economics.

Can the Keynesian revolution include class struggle, workplace control, and other aspects of working conditions at the job floor? Is social economics excluded from the Keynesian revolution? Does the business enterprise have any substantial role in the Keynesian revolution?

We encourage both individual and panel proposals. The paper and panel proposal deadline is June 15, 2012. Please send an abstract of no more than 150 words to Andy Felkerson at jfwc2@mail.umkc.edu. Selections will be made in early July. Registration opens June 1. For more details please visit the conference website at www.internationalpostkeynesianconference.org.