“The Return of Full Employment Policy”

Speakers

03/12/2012
00:00:00 - 00:00:00
Paasitorni, Sirkussali, Helsinki
“The Return of Full Employment Policy”
55912
45-the-return-of-full-employment-policy
0

In order to give you access to our events, FEPS processes your personal data together with any other organiser of this event mentioned in the description of the event and in accordance with 'FEPS’ data protection policy.

The Return of Full Employment Policy

It is often argued that the era of full employment and Keynesian economic policy is over. Most orthodox economists claim that, in the long run, real full employment cannot be achieved with demand management policies. Active demand management is, thus, deemed to be too costly and inflationary.

Top Post-Keynesian economists James K. Galbraith and L. Randall Wray, however, argue that achieving full employment through demand management is still perfectly possible. They suggest that, in order to achieve full employment and carry out democratic economic policies, governments have to break out from the pressures of the private bond markets.

Come to hear Galbraith and Wray for the most important economic policy event of the year! The event is free and open to everyone. We ask participants to register in advance to info@sorsafoundation.fi.

The event is organised by the Foundation for European Progressive Studies with the support Kalevi Sorsa Foundation and Finnish Confederation on Trade Unions (SAK)

Draft program

14.00–14.15  Opening

14.15–15.00  A Question of Institutions: Why In Spite of Reactionary Economic Ideas the US Still Survived the Great Financial Crisis, and Europe Did Not.

– James K. Galbraith, Professor, University of Austin Texas

15.00–15.45 Modern Money, Functional Finance, and Full Employment

– L. Randall Wray, Professor, University of Missouri Kansas City:

15.45–16.15 Break

16.15–18.00  Comments and Panel Discussion

moderated by Dr. Ville-Pekka Sorsa  (University of Helsinki)

– Olli Koski (Chief Economist, SAK)

– Jukka Pekkarinen (Director, Ministry of Finance)

– James K. Galbraith

– L. Randall Wray

Network
Kalevi Sorsa Foundation
Find all related publications
Publications
15/07/2024

Climate progress in the EU and the world

FEPS Primer series - Stephen Minas
10/07/2024

Digital regulatory power but technology taker

How do we create an ecosystem for the European digital model
03/07/2024

Embracing Feminist Foreign Policy within EU strategic foresight capabilities

03/07/2024

Building Economic Democracy in Europe

Concepts, Cases and Achieving Progressive Change
Find all related news
News
04/07/2024

FEPS Delegation attends T20/C20 Midterm Conference in Brazil

27/06/2024

Join Tax the EU Billionaires Day!

25/06/2024

The EUROPAEUM delegation visits FEPS

20/06/2024

FEPS celebrates its annual General Assembly and welcomes new members

Find all related in the media
In the media

Eurozone Finance Ministers to talk belt tightening

by POLITICO 15/07/2024
FEPS Secretary General László Andor discusses the rise of supply-side progressivism following the success of the Labour Party in the UK Elections with POLITICO

NATO-bővítés sok vitával: érvek, ellenérvek és lobbik a Clinton-elnökség idején

by BBC History 07/07/2024
"The controversial NATO enlargement: pros, cons and lobbying during the Clinton presidency" This article, written by FEPS Secretary General László Andor, looks back to the 1990s when the Eastern enlargement of NATO was requested, discussed, orchestrated, and eventually completed.

Falsely historic European elections bring little change, says FEPS

by Agence Europe 18/06/2024
Agence Europe's article features an analysis of the EU election results by Ania Skrzypek, FEPS Director for Research and Training, published in The Progressive Post.

Die EU-Osterweiterung nach 20 Jahren: Kann die Konvergenz sozial und wirtschaftlich nachhaltig gestaltet werden?

by Wirtschaftsdienst 13/06/2024
'EU Eastward Enlargement After 20 Years: Socially and Economically Sustainable Convergence?' FEPS Secretary General László Andor co-authored this article of the German journal Wirtschaftsdienst