Paradigm Lost
Sessions
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Challenging the Foundations of Economic Thinking
Apr 11, 2012 | 06:25—07:45
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Which Way Forward? Reflections on Global Turmoil and the Role of Markets, Governments, and Civil Society
Apr 11, 2012 | 09:20—11:30
The global economy is in turmoil. Societies are unstable and not anchored by faith in the system or social order.
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What Can Economists Know? Rethinking the Foundations of Economic Understanding
Apr 11, 2012 | 11:00—02:00
The economics profession stands on the fragile foundation of presuppositions adopted by professional agreement rather than as a result of empirical observation.
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Human Decisions
Apr 11, 2012 | 03:00—04:45
The human brain relies on three devices for its decisions: emotion controls; addictive learning; and intellectual processing. Understanding the conditions under which the three devices are engaged is essential for conscious decision-making.
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The Challenge of De-leveraging and Overhangs of Debt I : Inflation and Austerity
Apr 12, 2012 | 03:45—05:55
After an era of vigorous expansion a downturn can reveal a large stock of debt relative to the economy’s capacity to service it.
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The Challenge of De-Leveraging and Debt Overhangs II : The Politics and Economics of Restructuring
Apr 12, 2012 | 06:15—08:05
When the very fabric of society is threatened by prolonged austerity or a financial sector collapse, a deliberate re-structuring of debt may be necessary to restore the hopes of renewed prosperity.
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Is Mercantilism Doomed to Fail? China, Germany, and Japan and the Exhaustion of Debtor Countries
Apr 12, 2012 | 10:00—12:10
A country that produces goods of high quality at a competitive price is likely to be rewarded for its ingenuity with a trade surplus. Small countries often achieve great development success through export-led growth. At the same time, the entire economic system must be balanced.
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The Future of Europe
Apr 12, 2012 | 12:30—02:40
What has been learned now that the Euro zone’s fault lines have been revealed? Where are Europe and the Euro zone today?
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What Matters: Fundamental Challenges and Self inflicted Wounds
Apr 12, 2012 | 03:30—05:10
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Reflections on the Politics of Deficit Reduction
Apr 12, 2012 - Apr 12, 2013 | 09:35—11:00
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Managing the Global Commons: Growth, Inequality, and New Thinking for Sustainable Economics
Apr 13, 2012 | 03:45—05:35
How can we distribute growth globally when the developed world needs growth to emerge from debt overhangs and inequality between nations is still quite formidable?
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The Impact of Inequality on Macroeconomics Dynamics
Apr 13, 2012 | 06:55—08:45
Does greater inequality produce more fragile economic dynamics? Does concentration of wealth and income make societies more prone to crisis? If so, why?
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Taking Stock of Complexity Economics: Which Problems Does it Illuminate?
Apr 13, 2012 | 06:55—08:45
Complexity economics represents a different vision of the economic process and has the capacity to illuminate different systems of behavior.
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How Can We Create a Financial System That Is Socially Useful?
Apr 13, 2012 | 06:55—08:45
Many feel that due to its size and scale the financial system has become a burden on society rather than a servant to it. What are the key elements of a productive financial sector?
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Instability in Financial Markets: Sources and Remedies
Apr 13, 2012 | 10:00—12:05
What creates instability in financial markets? How does the weight of debt, the structure of expectations, or radical uncertainty contribute to instability?
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Does The Effectiveness of Fiscal Stimulus Depend on The Context? Balance Sheet Overhangs, Open Economy Leakages, and Idle Resources
Apr 13, 2012 | 10:15—12:05
The effectiveness of fiscal stimulus in promoting economic recovery appears to depend upon many factors.
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New Economics, Climate Change, and New Models of Growth
Apr 13, 2012 | 10:15—12:05
Evidence of climate change is widely accepted by scientists.
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Inequality and The Challenge of Employment
Apr 13, 2012 | 12:25—02:15
Inequality has been growing and destabilizing confidence in many countries in recent years.
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Overhangs, Uncertainty and Political Order: Where Do We Go From Here?
Apr 13, 2012 | 03:15—05:15
Leading thinkers from outside the developed countries look to the future, spotlighting the pitfalls and opportunities thatawait us.