Posted on: 15 July, 2019
Application deadline: August 30, 2019

2nd International Conference on Heterodox Economics: 100th Birthday of Hyman Minsky and Robert Heilbroner, 13-15 November 2019, Bogota, Colombia

The School of Economic Sciences of the Universidad Nacional de Colombia is known for its critical spirit, its multidisciplinary view of the economy, and its openness to different economic traditions. In 2010, the school successfully organized the First International Conference on Heterodox Economics, which had as keynote speakers Professors Marc Lavoie Ph.D. and Malcolm Sawyer M.Sc. who gave lectures on topics of heterodox macroeconomics. This year the school is organizing a Second Conference in Heterodox Economics because 2019 is an important date for the economy as a discipline.

This year marks the 100th birth anniversary of Robert Heilbroner and Hyman Minsky. Heilbroner is an author who influenced the discipline in different subjects, but especially in the history of economic analysis with his book “The Worldly Philosophers” published in 1953, which is still a reference in the area of the history of economic thought. He also contributed to different discussions as his work on macroeconomic issues such as the deficit with his work with Peter Bernstein “The debt and the deficit: false alarms/real possibilities” (1989) among other books and articles.

On the other hand, Hyman Minsky is one of the most influential authors from the post Keynesian tradition. His books, “John Maynard Keynes” (1975) and “Stabilizing an Unstable Economy” (1986) are a reference for those interested in issues of financial macroeconomics and development. In these books and several articles, Minsky developed his theory of the “Financial Instability Hypothesis,” which presents the effects of securitizations and deregulation in the financial system. He also worked on topics related to poverty and development focusing on the importance of the State in guaranteeing jobs for those who are willing and able to work for overcoming the problems of instability and poverty in an economy.

2019 is also important because it marks the tenth anniversary of the lowest point of the economic cycle of the CFG, which was reached in June 2009. This crisis had an impact on different economic policy issues, and it also brought the discussion about the teaching of economics into question. Currently, the U.S. academia is witnessing a debate between a “new” approach within the heterodox economic analysis, the Modern Monetary Theory (MMT), and the dominant approach to economics. This debate is not only of interest to academia in the United States, but it is also crucial for developing countries. Monetary sovereign states must discuss their possibilities and realities to use the arsenal of economic policy tools to confront the different socioeconomic and environmental issues that societies currently face.

For Colombia, this discussion is also relevant, after three years of having signed the peace agreement continues to grapple with the question of how to finance the points presented in that agreement and the different economic restrictions to carry it out. A discussion from a non-conventional view is necessary for the Colombian academic circle. This event seeks to bring a new approach and to contribute to the debate on these issues for Colombia and other countries.

For this reason, this call for papers invites contributions on topics related, but not limited, to the following subjects:

  • 100th birthday of Hyman Minsky: The Financial Instability Hypothesis in developing countries.
  • 100th birthday of Robert Heilbroner: Are there still Worldly Philosophers?
  • MMT in Latin America, its possibilities and restrictions.
  • Colombia is facing a post-peace agreement era: Contributions from the heterodox economics for its socio-economic progress.
  • Gender and economics from a non-conventional perspective.
  • Ten years after the CFG: how has the teaching of economics changed?
  • The financial sector and economic development: Hyman Minsky’s insights on Community Development Banks.
  • CFS models and heterodox macroeconomics.
  • The advantages of heterodox microeconomics.
  • Advances of heterodox monetary theories.
  • Accumulation regimes and economic policies.
  • Theoretical contributions from the periphery (Currie, Cuevas, Diamand, etc.)
  • The need for interdisciplinarity in teaching economics.
  • Alternative theories of economic development.

Keynote speakers:

  • Dr. Jan Kregel, Director of research and master’s program in economic theory and policy at the Levy Economics Institute, and Head of the Institute’s Monetary Policy and Financial Structure program.
  • Dr. Yeva Nersisyan, Assistant professor, Department of Economics at Franklin & Marshall College

They will talk on topics related to Modern Monetary Theory (MMT), financial macroeconomics, and development.

Submissions of summaries of proposals for panels or articles in Spanish or English (maximum 700 words for panels that must include an abstract of the panel and the papers in it, and 250 words for individual documents) to the email dieguevarac@unal.edu.co or gcombitam@unal.edu.co. Submitted proposals must have the author’s name, contact email, and affiliation (accepted undergraduate student proposals will be presented in a special session).

Submission deadline: 30 August 2019

Committee:

  • Alvaro M. Moreno, M.Sc. (Universidad Nacional de Colombia)
  • Diego Alejandro Guevara, Ph.D. (Universidad Nacional de Colombia)
  • Gonzalo Combita, Ph.D. candidate (Universidad Nacional de Colombia)
  • Ivan Velasquez, Ph.D. candidate (University of Missouri – Kansas City)