The third roundtable will focus on “The Euro crisis and the need for an alternative economic policy package for the Euro area” with guest speaker Engelbert Stockhammer, Professor of Economics at Kingston University, London. It will take place on the 9th February 2012 at the European Parliament Room A3H1 from 12.30 to 14.30.
The roundtables of the next Left Economic Circle bring together progressive economists from different European institutions, from civil society organisations and the business sector, who wish to evaluate the economic theoretical corpus behind economic policy proposals. The roundtables consist of regular public meetings, co-organised by the Foundation for European Progressive Studies (FEPS) and the Global Progressive Forum (GPF) and are co-chaired by Liem Hoang-Ngoc (MEP, S&D Group at the European Parliament) and Stephany Griffith-Jones (Professor of Economics, Columbia University). They take place in the European Parliament in Brussels (translation in French and English) at lunch time. For each roundtable, a renowned economist is invited as a guest speaker.
Indeed, while unemployment is rising and several European states are on the verge of bankruptcy as financial markets refuse to roll over their outstanding debt, the policy response to the crisis has been an orthodox package of austerity and downward pressure on wages. This presentation will establish the origins of the crisis to the neoliberal economic policy regime in the EU. Neoliberalism has given rise to two different, complementary growth models: one of debt-led growth and one of export-led growth. Both are built on wage suppression, and are ultimately unsustainable. European integration has been dominated by Neoliberalism, but a European welfare state based on coordinated collective bargaining that aims at higher wage growth in trade surplus countries, speed bumps for financial flows and a European social security system would be economically viable and prevent many of the imbalances that have led to the present crisis.
Engelbert Stockhammer obtained his PhD at the University of Massachusetts at Amherst in 2000. He joined Kingston in 2010. He is presently research associate at the Political Economy Research Institute at the University of Massachusetts at Amherst and member of the coordination committee of the Research Network Macroeconomics and Macroeconomic Policy. His research areas include macroeconomics, applied econometrics, financial systems and heterodox economics. He has worked extensively on the determinants of European unemployment, the demand effects of changes in income distribution and the macroeconomics effects of financialisation. He has published numerous articles in international peer-refereed journals including the Cambridge Journal of Economics, Structural Change and Economic Dynamics, the Journal of Post Keynesian Economics, the International Review of Applied Economics and the European Journal of Industrial Relations. In 2004 he published the book The rise of unemployment in Europe (Edward Elgar); in 2009 he edited two books, one together with E. Hein and T. Niechoj on Macroeconomic policy on shaky foundations. Whither mainstream economics? (Metropolis), and the other Heterodoxe Ökonomie (Metropolis) together with J.Becker, A. Grisold, G. Mikl-Horke, R. Pirker, H. Rauchenschwandtner, O. Schwank and E. Springler.
Leaders Must Choose a Just Energy Transition and a Social Europe
by Euractiv 30/05/2022
The circular economy and green jobs
by ENCOMPASS 25/05/2022
Da Prodi a Rodrigues, domani al via la ’Terza conferenza sul futuro dell’Europa’
by La Nazione 25/05/2022
Visioni e strategie per disegnare il futuro europeo
by La Nazione 23/05/2022
XWe use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”,
you consent to the use of ALL the cookies. However you may visit Cookie Settings to provide a controlled consent. Read MoreREJECTACCEPTCookie settings
Manage consent
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-advertisement
1 year
Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
csrftoken
past
This cookie is associated with Django web development platform for python. Used to help protect the website against Cross-Site Request Forgery attacks
JSESSIONID
session
The JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application.
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Cookie
Duration
Description
__cf_bm
30 minutes
This cookie, set by Cloudflare, is used to support Cloudflare Bot Management.
S
1 hour
Used by Yahoo to provide ads, content or analytics.
sp_landing
1 day
The sp_landing is set by Spotify to implement audio content from Spotify on the website and also registers information on user interaction related to the audio content.
sp_t
1 year
The sp_t cookie is set by Spotify to implement audio content from Spotify on the website and also registers information on user interaction related to the audio content.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Cookie
Duration
Description
CONSENT
2 years
YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
iutk
session
This cookie is used by Issuu analytic system to gather information regarding visitor activity on Issuu products.
s_vi
2 years
An Adobe Analytics cookie that uses a unique visitor ID time/date stamp to identify a unique vistor to the website.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Cookie
Duration
Description
NID
6 months
NID cookie, set by Google, is used for advertising purposes; to limit the number of times the user sees an ad, to mute unwanted ads, and to measure the effectiveness of ads.
VISITOR_INFO1_LIVE
5 months 27 days
A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
YSC
session
YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
yt-remote-connected-devices
never
YouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt-remote-device-id
never
YouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt.innertube::nextId
never
This cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
yt.innertube::requests
never
This cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.