Seminar
| June 12, 2015
The Hyman P. Minsky Summer Seminar
This event has ended.When
June 12, 2015 - 12:00amto
June 20, 2015 - 12:00am
Where
Blithewood Manor30 Campus Rd
12571
Organized by the Levy Economics Institute of Bard College with support from the Ford Foundation
Levy Institute
Blithewood
Annandale-on-Hudson, New York
June 12–20, 2015
The sixth Minsky Summer Seminar was held at the Levy Economics Institute in June 2015, with 53 students participating. The annual Seminar provides a rigorous discussion of both the theoretical and applied aspects of Minsky’s economics, and is of particular interest to graduate students and those at the beginning of their academic or professional careers. The Summer Seminar program is organized by Jan Kregel, Dimitri B. Papadimitriou, and L. Randall Wray, and the teaching staff includes well-known economists concentrating on and expanding Minsky’s work.
A user name and password are required for the Summer Seminar webpage; participating students may log in by clicking here.
Schedule
Friday, June 12
| 7:30−9:30 a.m. | Breakfast: Kline Commons |
| 10:45 a.m.−12:00 p.m. | Registration: Levy Institute, Blithewood (only for participants who did not register on Thursday night) |
| 12:00−1:30 p.m. | Lunch: Kline Commons |
| 1:30−2:45 p.m. | Welcome and Introduction: Minsky and the Levy Institute Dimitri B. Papadimitriou, Levy Institute |
| 2:45−3:15 p.m. | Break |
| 3:15−4:30 p.m. | General Introduction to Minsky’s Approach to Financial Macroeconomics L. Randall Wray, Levy Institute and University of Missouri–Kansas City |
| 4:30−5:30 p.m. | Welcome Reception |
| 5:00−7:00 p.m. | Dinner: Kline Commons |
Saturday, June 13
| 7:30−9:00 a.m. | Breakfast: Kline Commons |
| 9:00−10:15 a.m. | General Introduction to Minsky: Financial Instability and Financial Regulation Jan Kregel, Levy Institute and Tallinn University of Technology |
| 10:15−10:45 a.m. | Break |
| 10:45 a.m. − 12:00 p.m. | Heinz 57 Varieties: Money Manager Capitalism Éric Tymoigne, Lewis & Clark College |
| 12:00−1:30 p.m. | Lunch: Kline Commons |
| 1:30−2:45 p.m. | Minsky, Kalecki and the Profits Equation Tracy Mott, University of Denver |
| 2:45−3:15 p.m. | Break |
| 3:15−4:30 p.m. | Veblen, Minsky and Evolutionary Economics John F. Henry, University of Missouri–Kansas City |
| 4:30 p.m. | Student Activities |
| 5:00−7:00 p.m. | Dinner: Kline Commons |
Sunday, June 14
| 7:30−9:00 a.m. | Breakfast: Kline Commons |
| 9:00−10:15 a.m. | Minsky’s Big Bank – Big Government Interpretations of Postwar Stability Éric Tymoigne, Lewis & Clark College |
| 10:15−10:45 a.m. | Break |
| 10:45 a.m. − 12:00 p.m. | International Dimensions of Financial Fragility Jan Kregel, Levy Institute and Tallinn University of Technology |
| 12:00−1:30 p.m. | Lunch: Kline Commons |
| 1:30−2:45 p.m. | Minsky and Modern Money L. Randall Wray, Levy Institute and University of Missouri–Kansas City |
| 2:45−3:15 p.m. | Break |
| 3:15−4:30 p.m. | Central Bank Operations Scott Fullwiler, Wartburg College and Presidio Graduate School |
| 3:15−4:30 p.m. | Boom Bust Boom, a film by Terry Jones L. Randall Wray, Levy Institute and University of Missouri–Kansas City |
| 5:00−7:00 p.m. | Dinner: Kline Commons |
Monday, June 15
| 7:30−9:00 a.m. | Breakfast: Kline Commons |
| 9:00−10:15 a.m. | Functional Finance: Old and New Pavlina R. Tcherneva, Levy Institute and Bard College |
| 10:15−10:45 a.m. | Break |
| 10:45 a.m. − 12:00 p.m. | Minsky and Employment Guarantee Fadhel Kaboub, Levy Institute, Denison University, and Binzagr Institute for Sustainable Prosperity |
| 12:00−1:30 p.m. | Lunch: Kline Commons |
| 1:30−2:45 p.m. | Green Jobs and Guaranteed Employment (War on Poverty?) Mathew Forstater, Levy Institute, University of Missouri–Kansas City, and Binzagr Institute for Sustainable Prosperity |
| 2:45−3:15 p.m. | Break |
| 3:15−4:30 p.m. | Cost and Impact of ELR Scott Fullwiler, Wartburg College and Presidio Graduate School |
| 4:30 p.m. | New Deal Responses to the Depression: WPA John F. Henry, University of Missouri–Kansas City |
| 5:00−7:00 p.m. | Dinner: Kline Commons |
Tuesday, June 16
| 7:30–9:00 a.m. | Breakfast: Kline Commons |
| 9:00−10:15 a.m. | The Experience of ELR in Greece Dimitri B. Papadimitriou, Levy Institute |
| 10:15−10:45 a.m. | Break |
| 10:45 a.m. − 12:00 p.m. | Stock-flow Consistent Economic Models Marc Lavoie, University of Ottawa |
| 12:00−1:30 p.m. | Lunch: Kline Commons |
| 1:30−2:45 p.m. | Minsky–Godley and the Levy Model Gennaro Zezza, Levy Institute and University of Cassino |
| 2:45−3:15 p.m. | Break |
| 3:30−4:30 p.m. | Intro to Stock-flow Lab Gennaro Zezza, Levy Institute and University of Cassino |
| 4:30 p.m. | Stock-flow Lab Gennaro Zezza, Levy Institute and University of Cassino; Michalis Nikiforos, Levy Institute |
| 5:00−7:00 p.m. | Dinner: Kline Commons |
Wednesday, June 17
| 7:30−9:00 a.m. | Breakfast: Kline Commons |
| 9:00−10:15 a.m. | Financial Instability and Shadow Banking in China Yan Liang, Willamette University |
| 10:15−10:45 a.m. | Break |
| 10:45 a.m. − 12:00 p.m. | Minsky–Godley and the Financial Balances Approach Marc Lavoie, University of Ottawa |
| 12:00−2:30 p.m. | Lunch: Kline Commons |
| 1:00−6:00 p.m. | Trip to F.D.R. Memorial Library, Hyde Park |
| 6:30 p.m. | Picnic Supper: Blithewood |
Thursday, June 18
| 7:30−9:00 a.m. | Breakfast: Kline Commons |
| 9:00−10:15 a.m. | Minsky and the Theory of Investment Theory Steven M. Fazzari, Levy Institute and Washington University–St. Louis |
| 10:15−10:45 a.m. | Break |
| 10:45 a.m. − 12:00 p.m. | Greece, the Euro, and the Sovereign Debt Crisis Gennaro Zezza, Levy Institute and University of Cassino |
| 12:00−1:30 p.m. | Lunch: Kline Commons |
| 1:30−2:45 p.m. | Rethinking Fiscal Policy Pavlina R. Tcherneva, Levy Institute and Bard College |
| 2:45−3:15 p.m. | Break |
| 3:15−4:30 p.m. | Minsky and EU Financial Reform Mario Tonveronachi, University of Siena |
| 4:30−6:00 p.m. | Stock-flow Lab Gennaro Zezza, Levy Institute and University of Cassino; Michalis Nikiforos, Levy Institute |
| 6:00−7:00 p.m. | Dinner: Kline Commons |
Friday, June 19
| 7:30−9:00 a.m. | Breakfast: Kline Commons |
| 9:00−10:15 a.m. | The Minsky–Schumpeter Connection Leonardo Burlamaqui, University of the State of Rio de Janeiro |
| 10:15−10:45 a.m. | Break |
| 10:45 a.m. − 12:00 p.m. | Minsky’s Theory of Consumption Steven M. Fazzari, Levy Institute and Washington University–St. Louis |
| 12:00−1:30 p.m. | Lunch: Kline Commons |
| 1:30−2:45 p.m. | Greece: Negotiating the Survival of the Euro Dimitri B. Papadimitriou, Levy Institute Jan Kregel, Levy Institute and Tallinn University of Technology |
| 2:45−3:15 p.m. | Break |
| 3:15−4:30 p.m. | Panel: Central Banking and Extraordinary Measures: ECB QE Mario Tonveronachi, University of Siena L. Randall Wray, Levy Institute and University of Missouri–Kansas City |
| 4:30−6:00 p.m. | Stock-flow Lab Gennaro Zezza, Levy Institute and University of Cassino; Michalis Nikiforos, Levy Institute |
| 6:00−7:00 p.m. | Dinner: Kline Commons |
Saturday, June 20
| 7:30−9:00 a.m. | Breakfast: Kline Commons |
| 9:00−10:15 a.m. | Levy Institute Forecast Michalis Nikiforos, Levy Institute |
| 10:15−10:45 a.m. | Break |
| 10:45 a.m. − 12:00 p.m. | Minsky’s Economic Counterculture Frank Veneroso, Veneroso Associates, LLC |
| 12:00−1:30 p.m. | Lunch: Kline Commons |
| 1:30−3:00 p.m. | Panel: Recovery Watch-USA, EU, EMS Jan Kregel, Levy Institute and Tallinn University of Technology Frank Veneroso, Veneroso Associates, LLC |
| 3:00−3:30 p.m. | Break |
| 3:30−6:00 p.m. | Stock-flow Lab Gennaro Zezza, Levy Institute and University of Cassino; Michalis Nikiforos, Levy Institute |
| 6:30−8:00 p.m. | Closing Dinner: Blithewood Speaker: Robert J. Barbera, RJB Advisors and The Johns Hopkins University |