Microbes and Macroeconomics: Understanding the Pandemic and the Global Slump

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Dies ist eine Kooperationsveranstaltung zwischen Heinrich-Böll-Stiftung, Finanzwende Recherche und der Universität Witten-Herdecke. Mit: - Joscha Wullweber, Heisenberg-Professor für Politische Ökonomie, Transformation und Nachhaltigkeit an der Universität Witten-Herdecke - Rainer Voss, Ex-Investmentbanker und Finanzwende-Fellow - Ulrike Roy, Abteilungsleiterin, Deutsche Bundesbank Begrüßung und Moderation: Jörg Haas, Referent Internationale Politik, Heinrich-Böll-Stiftung

In this radio program, the anthropologist David Graeber, explores the history of debt in (currently) 12 episodes. The program is based on his book Debt: The First 5000 Years. First, Graeber asks the questions of how debt and money are characterized, which meaning and roles they had in different historic episodes and how they were interrelated. In the most recent episodes, Graeber elaborates on how debt shaped society. He argues that debt had a different moral status in different times of history, one session analyses the current financial and economic crisis and the role of credit in this historical context.

In this webinar, Dr. Grieve Chelwa, Dr. Cecilia Lanata Briones and Professor Jayati Ghosh discuss what is meant by “Decolonising Economics”.

Yao Graham, coordinator of Third World Network- Africa, reflects on lessons learned from past Economic Partnership Agreements (EPAs), specifically as they relate to the Post-Cotonou Agreement.

In this paper the main developments in post-Keynesian macroeconomics since the mid- 1990s will be reviewed. For this purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox economics will be reiterated and an overview over the strands of post-Keynesian economics, their commonalities and developments since the 1930s will be outlined. This will provide the grounds for touching upon three important areas of development and progress of post-Keynesian macroeconomics since the mid-1990s: first, the integration of distribution issues and distributional conflict into short- and long-run macroeconomics, both in theoretical and in empirical/applied works; second, the integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical circumstances, like the process of financialisation; and third, the development of full-blown macroeconomic models, providing alternatives to the mainstream 'New Consensus Model' (NCM), and allowing to derive a full macroeconomic policy mix as a more convincing alternative to the one implied and proposed by the mainstream NCM, which has desperately failed in the face of the recent crises.