Political economy and the outlook for capitalism
Call for papers
The collapse of Lehman Brothers on 16 September 2008 has opened a new stage of economic history, ushering in the world’s worst recession since WWII. The trajectory of global capitalism has been diverse but, after three years of deep crisis, protracted economic problems persist and are even intensifying, notwithstanding accelerated growth in a number of large developing countries.
In the global North, policies implemented in the aftermath of the crisis of financialised capitalism have neither ended the neoliberal agenda nor curbed the demands of a resurgent financial sector. Instead, after a diluted Keynesian moment centred on “quantitative easing”, the governments of the richest countries have launched a new set of neoliberal reforms characterised by harsh austerity measures. From 2009 onwards, this new neoliberal wave has spread progressively from peripheral European countries to theUK, the Eurozone, and now theUSA. Along with surging unemployment rates, this economic onslaught, on those who are in no way perceived as accountable for the crisis and slump, promises a period of major social disruption in welfare provision and institutions, pressures on wages and working conditions and, in response across a growing number of countries, multitudes of spontaneous and, occasionally, mass actions as macroeconomic prospects deteriorate.
In the global South, the forces putatively driving catch-up remain limited and highly uneven, with the issue of global imbalances often placed at the forefront in deference to theUS’s compromised if continuing hegemonic role. In contrast, not least in the face of the ongoing ecological disruption, the idea of a new frontier for social and economic development and thought is being promoted by a large spectrum of actors, ranging from proponents of no-growth or slow growth through to governments, international institutions and corporations who envisage a revival of capitalism thanks to and in pursuit of the green economy. These initiatives are indicative of an intellectual and material crisis but offer little by way of solution for which, as observed, a savage renewal of neoliberalism serves as the default option.
The scientific issues raised by the corresponding range of problems are formidable, but the blindness and reductionism of mainstream economics prevents them from being tackled within the discipline which has scarcely been disturbed by the acute exposure of its inadequacies by the crisis.
Taking pluralism as the means for bringing together the community of critical economists, this joint conference, called by two major international and one of the largest national networks of political economy and social scientists, will breathe fresh air into an otherwise moribund intellectual atmosphere. It is a major event that will bring together scholars from all strands of political economy and heterodox economics in order to discuss their future and the recent developments in the global economy and in economic science following the global economic crisis.
Association for heterodox Economics (AHE),
French Association of Political Economy/ Association Française d’Economie Politique (fape)
International Initiative for Promoting Political Economy (iippe)
Joint Conference – Paris, 5-8 July 2012
Submissions of individual abstract or panel proposals along the following non-exclusive themes are welcomed.
- Critical Realism in Economics
- Feminist economics
- Green economics
- Institutional economics
- Marxist political economy
- Post-Keynesian economics
- Social Economics
- Global economic crisis
- Austerity in the global north
- The crisis of the Eurozone
- Economic crisis and the developing world
- Chinaand the world economy
- Economics and the Arab world
- Ecology: global capitalism and climate change
- The global shift of capitalism / Global economy towards a multipolar world
- International Financial Institutions
- Labour markets
- Economics and intradisciplinarity: crossing the disciplinary boundaries
- Economic methodology
- Economics and philosophy
- The ethics of economics
- History of economic thought
- Mainstream economics: not fit for purpose
- Pluralism and economic education
Deadline for abstracts: 31st January (Authors will be notified about our decision by the 15th of March)
Deadline for registration (with reduced fee): 14th May
Deadline for full refereed papers: 14th May
Deadline for non-refereed full papers: 1st June