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INET Guide to the 2017 EEA Meeting

Feb 23–26, 2017 Download .ics

New York City |

A reference guide to all Institute for New Economic Thinking (INET) community presentations at the Eastern Economic Association's (EEA) 2017 annual meeting

(INET community members are bolded)

Friday, February 24, 8:00-9:20

Work, Earnings and Race during the Great Recession (JEL Code J, I)

Session Chair: Thomas Masterson, Levy Economics Institute 

Session Organizer: Thomas Masterson, Levy Economics Institute

The Great Recession and Retirement Saving:  What Can We Learn About Pre-Retirement “Raids” on Retirement Accounts from the Michigan Recession and Recovery Study?
Ngina Chiteji, New York University Gallatin School of Individualized Study & Wagner School of Public Service; Sheldon Danziger, Russell Sage Foundation

Earnings Risk Across the Earnings Distribution
Michael D. Carr, University of Massachusetts Boston; Emily E. Wiemersy, University of Massachusetts Boston

Revising the Racial Wage Gap: The Impact of Mass Incarceration
Jeannette Wicks-Lim, Political Economy Research Institute

African American Labor Market Engagement during the Great Recession
Thomas Masterson, Levy Economics Institute of Bard College 

Friday, February 24, 8:00-9:20

Exchange Rates (JEL Code F)

Session Chair: Luiza Nassif Pires, New School for Social Research 

Session Organizer:  Michalis Nikiforos, Levy Economics Institute

Terms of Trade and Output Fluctuations: The Tax Structure Matters
Gonzalo Hernández, Universidad Javeriana;  María Alejandra Prieto, Universidad Javeriana,.

Nominal Exchange Rate Shocks and Inflation in an Open Economy
Eduardo Bastian, IE-UFRJ; Mark Setterfield, New School for Social Research

Real Exchange Rate and Export Performance in Argentina 2002-2008
Gabriel Palazzo, University of Buenos Aires; Martín Rapetti, University of Buenos Aires

Discussants: Martín Rapetti, University of Buenos Aires; Eduardo Bastian, IE-UFRJ; Gonzalo Hernández, Universidad Javeriana

Friday, February 24, 8:00-9:20

The Economic History of Poverty and Inequality (JEL Code B) 

Session Chair: Goncalo Fonseca, Institute for New Economic Thinking 
Running in Place: Racial Income Inequality in the US and Brazil, 1960-2010 
Justin Bucciferro, Eastern Washington University 
 
Macroeconomic Implications of Inequality and Household Debt: European Evidence 
Jonathan Perraton, University of Sheffield 
 
Thomas Robert Malthus: False Prophet, Misconstrued Genius or Something in Between 
Yeva Aleksanyan, Colorado State University; Steven Pressman, Colorado State University and Monmouth University 
 
The New American Way: How Changes in Labor Laws are Affecting Inequality 
Mark Stelzner, Connecticut College 
 
Discussants: Goncalo Fonseca, Institute for New Economic Thinking; Steven Pressman, Colorado State University and Monmouth University; Neil Boyle, New School for Social Research; Mark Silverman, University of Massachusetts Amherst 

Friday, February 24, 9:30-10:50

Themes in Macroeconomics (JEL Code E)

Session Chair: Michalis Nikiforos, Levy Economics Institute 

Session Organizer:  Michalis Nikiforos, Levy Economics Institute

Long-run Variation in Capacity Utilization in the Presence of a Fixed Normal Rate
Mark Setterfield, New School for Social Research

Distribution-utilization Interactions: The Global Perspective
Codrina Rada, University of Utah

A Theory of Economic Policy Lock-in and Lock-out via Hysteresis: Rethinking Economists’ Approach to Economic Policy
Tom Palley, AFL-CIO

Discussants: Tom Palley, AFL-CIO; Mark Setterfield, New School for Social Research; Codrina Rada, University of Utah

Friday, February 24, 11:00-12:20

Political Economy (JEL Code P)

Session Chair:  Jonathan Cogliano, Dickinson College

Session Organizer:  Michalis Nikiforos, Levy Economics Institute

The Role of Autonomous Non-Capacity Creating Expenditures in Recent Kaleckian Growth Models: An Assessment from the Perspective of the Sraffian Supermultiplier Model
Leandro Fagundes, Federal Rural University of Rio de Janeiro; Fabio Freitas, Federal University of Rio de Janeiro

Autonomous Demand, Harrodian Instability and the Supply Side
Peter Skott, UMass Amherst

The Principle of Social Scaling
Paulo L dos Santos, New School for Social Research

Discussants:  Peter Skott, UMass Amherst;  Fabio Freitas, Federal University of Rio de Janeiro; Greg Hannsgen, Greg Hannsgen’s Economics Blog and Levy Economics Institute

Friday, February 24, 1:00-2:20

Roundtable on The Future of Neoliberalism (JEL Code B)

Session Chair:  Esteban Pérez-Caldentey, ECLAC Chile

Session Organizers: Matías Vernengo, Bucknell University; Esteban Pérez-Caldentey, ECLAC Chile

Roundtable Panelists

Robert Blecker, American University
Orsola Costantini, INET
Matías Vernengo, Bucknell University
Kim Phillips-Fein, New York University
Mark Weisbrot, CEPR

Friday, February 24, 1:00-2:20

20th Century Economic History (JEL Code N, D)

Session Chair: Mary Eschelbach Hansen, American University 

Session Organizer:  Mary Eschelbach Hansen, American University

The WWII Banking Curse
Andrew Bossie, New Jersey City University

Copper Commodity Price Action as a Global Transmission Channel of the London Financial Stringency in 1907
Mary Tone Rodgers, SUNY Oswego

The Effect of Federal Regulation on Local Bankruptcy Rates: The Consumer Credit Protection Act of 1968
Mary Eschelbach Hansen, American University; Bradley A. Hansen, University of Mary Washington

Discussants: Mary Eschelbach Hansen, American University; Bradley A. Hansen, University of Mary Washington;  Mary Tone Rodgers, SUNY Oswego

Friday, February 24, 1:00-2:20

Growth and Distribution (JEL code E)

Session Chair: Ellis Scharfenaker, University of Missouri Kansas City 

Session Organizer:  Michalis Nikiforos, Levy Economics Institute

Two Class Distribution of Income in India: Evidence from 2012-13 Tax Data
Rishabh Kumar, New School for Social Research

Horizontal Inequality, Intersectionality, Growth and Distribution
Amitava K. Dutt, University of Notre Dame

Keeping up with the Joneses: Social Preferences and Growth
Daniele Tavani, Colorado State University;  Luke Petach, Colorado State University

Discussants: Daniele Tavani, Colorado State University; Rishabh Kumar, New School for Social Research;  Amitava K. Dutt, University of Notre Dame

Friday, February 24, 1:00-2:20

Designing a Heterodox Curriculum (JEL Code B)

Sixth of Eighteen Sessions Sponsored by the Union for Radical Political Economics (URPE)

Session Chair: Ron Baiman, Benedictine University 

Session Organizer:  Ron Baiman, Benedictine University

The Profound Implications of Continuing to Teach ‘Supply and Demand’ Instead of ‘Demand and Cost’ in Intro Economics Courses - an Unequal Exchange Application
Ron Baiman, Benedictine University

Developing Heterodox Economics Curriculum
Geert Dhondt, John Jay College of Criminal Justice

Can We Teach an Alternative Introduction to Microeconomics?
Gerald Friedman, University of Massachusetts Amherst

A Classical Political Economy Curriculum
Anwar Shaikh, New School for Social Research

Discussants: Scott Carter, University of Tulsa; Zoe Sherman, Merrimack College; Fatma Gul Unal, Hobart and William Smith Colleges

Friday, February 24, 2:30-3:50

History of Economic Thought (JEL Code B) 

Chair: James Marshall, Muhlenberg College 
 
Conceptions of the Natural and the Normative in Walras’s System 
Mark Silverman, University of Massachusetts Amherst 
 
Entrepreneurial Labor, Production Labor, Knowledge Labor: An Expanded Labor Theory of Value is Developed to Predict Market Prices 
Neil Boyle, New School for Social Research 
 
The Catena Reconsidered: Understanding Jevons’s Theory of Exchange and Production Goncalo Fonseca, Institute for New Economic Thinking 
 
Two Landmark Intellectual Developments in the Year 1749 
Farhad Rassekh, University of Hartford


Friday, February 24, 4:00-5:20

Agent-Based Computational Economics: Macroeconomic Networks (JEL Code E, C)

Fourth of Seven Sessions Sponsored by the New York City Computational Economics & Complexity Workshop

Session Chair: Leanne Ussher, University of Massachusetts Boston 

Session Organizer: Leanne Ussher, University of Massachusetts Boston

Network Structure and Market Risk in the European Equity Market
Germán Creamer, Stevens Institute of Technology

Interconnectedness in the Global Financial Market
Matthias Raddant, Kiel Institute for the World Economy; Dror Y. Kenett, U.S. Department of the Treasury

Helicopters and the Neutrality of Money: An Essay in Loanable Fundamentalism
Cameron Harwick, George Mason University

Trade Credit Networks and Sample Statistics
Leanne Ussher, University of Massachusetts Boston 

February 24, 4:00-5:20

Behavioral Entropy Models and Non-Parametric Inference (JEL Code C)

Session Chair:  Rudi von Arnim, University of Utah

Session Organizer:  Michalis Nikiforos, Levy Economics Institute

Quantal Response Equilibria in Economic Models
Ellis Scharfenaker, University of Missouri Kansas City; Duncan Foley, New School for Social Research

An Estimation of the Innovation Possibilities Frontier in the Entropy-Constrained Model of Induced Technical Change
Jangho Yang, New School for Social Research

Infinite-Variance in Vector Autoregression Residuals: Informal Non-Parametric Evidence
Greg Hannsgen, Greg Hannsgen’s Economics Blog and Levy Economics Institute

Discussants: Jangho Yang, New School for Social Research; Greg Hannsgen, Greg Hannsgen’s Economics Blog and Levy Economics Institute; Tai Young-Taft, Bard College at Simon’s Rock and Levy Economics Institute

Saturday, February 25, 8:30-9:50

Fiscal Policy and Government Finances (JEL Code B, E)

Session Chair: Stephanie Kelton, University of Missouri-Kansas City and Bard College

Session Organizer:  Yeva Nersisyan, Franklin and Marshall College

Can the Government go Broke? An Examination of Hyman P. Minsky’s Position
L. Randall Wray, Bard College

Will Trumponomics Extend the Economic Recovery?
Stephanie Kelton, University of Missouri-Kansas City and Bard College

Do We Need to Eliminate “Bank Finance” of Government Spending? A Critical Assessment of ‘Debt-Free’ Money Proposals
Yeva Nersisyan, Franklin and Marshall College

Discussants: Pavlina Tcherneva, Bard College; Arturo Huerta, National Autonomous University of Mexico

Saturday, February 25, 8:30-9:50

Growth and Distribution (JEL Code E)

Session Chair: Luca Zamparelli, Sapienza University of Rome 

Session Organizer:  Michalis Nikiforos, Levy Economics Institute

Debt-Financed Human Capital Accumulation, Distribution and Growth
Laura Carvalho, University of São Paulo; Gilberto Tadeu Lima, University of São Paulo; Gustavo Pereira Serra, University of São Paulo

The Political Economy of Biased Technical Change in Brazilian Agriculture (1950-1980)
Joao Paulo A. de Souza, Middlebury College

Education and ‘Human Capitalists’ in a Classical-Marxian Model of Growth and Distribution Amitava K. Dutt, University of Notre Dame; Roberto Veneziani, Queen Mary University of London

Discussants: Roberto Veneziani, Queen Mary University of London; Gilberto Tadeu Lima, University of São Paulo;  Joao Paulo A. de Souza, Middlebury College

Saturday, February 25, 8:30-9:50

Trade Theory, Capital Theory, and Classical Economics  (JEL Code B)

Nineth of Eighteen Sessions Sponsored by the Union for Radical Political Economics (URPE)

Session Chair: Katherine Moos, New School for Social Research 

Session Organizer:  Scott Carter, University of Tulsa

Unequal Exchange or Absolute Cost Advantage? Evidence from the Trade Between Greece and Germany
Lefteris Tsoulfidis, University of Macedonia

Pasinetti on Economic Growth and Structural Change
Gary Mongiovi, St John’s University;  Davide Gualerzi, Università di Padova

Capital Theory: Less is More
Lefteris Tsoulfidis, University of Macedonia

Sraffa and the Configuration of Exchange in Subsistence and Surplus Production: New Evidence from the Sraffa Archive
Scott Carter, University of Tulsa

Discussants: John Sarich, New York City Department of Finance; Anwar Shaikh, New School for Social Research;  Scott Carter, University of Tulsa;  Gary Mongiovi, St John’s University

Saturday, February 25, 10:00-11:20

Rise of the South or a Second Great Divergence (JEL Code F, O)

Session Chair:  Amitava K. Dutt, University of Notre Dame

Session Organizers:  Omar S. Dahi, Hampshire College;  Firat Demir, University of Oklahoma

The Relevance of North-South Issues in the Post Great Recession World?
Arslan Razmi, University of Massachusetts Amherst

South-South Trade and Economic Development
Mwangi wa Gĩthĩnji, University of Massachusetts Amherst

Rise of the South or a Second Great Divergence
Amitava K. Dutt, University of Notre Dame

Discussants:  Amitava K. Dutt, University of Notre Dame;  Omar S. Dahi, Hampshire College, Firat Demir, University of Oklahoma

Saturday, February 25, 10:00-11:20

Financialization and Stabilization (JEL Code E)

Session Chair:  Peter Phelps, University of Leeds

Determinants of Factor Shares in the U.S.: An 11 Equation Econometric Model
John Heim, SUNY Albany

Imperfect Competition, Secular Stagnation and Factor Shares
Gabriel Mathy, American University;  Ignacio Gonzalez, Columbia University

Regional Financialisation and Financial Systems Convergence: Sectoral Evidence from the Banking Industry
Peter Phelps, University of Leeds

Macroeconomic Stabilization: The Case of Labor Market Policy
Ibrahim Tahri, New School for Social Research

Discussants: Jacob Jennings, California State University Chico; YoungJin Choi, Temple University; Walter Bazan Palomino, Fordham University; Wei Wang, Southwestern University of Finance & Economics

Saturday, February 25, 1:00-2:20

Federal Job Guarantee and the Universal Basic Income (JEL Code E)

Session Chair:  Mark Paul, Duke University

Session Organizer:  Mark Paul, Duke University

Against Universal Basic Income: When the Medicine is Worse than the Disease
Pavlina R. Tcherneva, Bard College

The Inadequacy of Basic Income Guarantee Proposals Under International Human Rights Law
Phil Harvey, Rutgers

Employment or Income Guarantee?  Which Would do the Btter Job?
Gertrude Schaffner Goldberg, Emerita Adelphi University

Work and Income Beats Income Alone
Mark Paul, Duke University; William A. Darity, Duke University; Darrick Hamilton, New School for Social Research

Saturday, February 25, 1:00-2:20

Inequality: Theory and Measurement (JEL Code N, D)

Session Chair: Chu-Ping Vijverberg, College of Staten Island and CUNY Graduate Center 

Session Organizer:  Mary Eschelbach Hansen, American University

Aggregate Wealth and Its Distribution as Determinants of Financial Crises
Thomas Hauner, CUNY Graduate Center

Financial Development and Income Inequality in China – A Spatial Data Analysis
Samuel Moon Jung, Graduate Center CUNY and College of Staten Island; Chu-Ping Vijverberg, College of Staten Island and CUNY Graduate Center

The Source of Income Inequality in the United States
Gowun Park, Graduate Center CUNY

Credit Market Imperfection, Endogenous Labor Supply, and the Kuznets Curve
George Vachadze, College of Staten Island and CUNY Graduate Center

Discussants: George Vachadze, College of Staten Island and the CUNY Graduate Center; Gowun Park, Graduate Center CUNY; Samuel Moon Jung, Graduate Center CUNY; Thomas Hauner, CUNY Graduate Center

Saturday, February 25, 2:30-3:50

Issues in Financialization (JEL Code E, F)

Session Chair:  L. Randall Wray, Bard College

Session Organizer:  Yeva Nersisyan, Franklin and Marshall College

Financialization and Labor Rights: An Empirical Investigation
Pavlina R. Tcherneva, Bard College

Globalization, Financialization and Fragility: The Case of Mexico
Arturo Huerta, National Autonomous University of Mexico

The Evolution of Commercial Bank Money Management Products (MMPs) in China
Xinhua Liu-Wray, Shaanxi Normal University Xi’an

Discussant:  Yeva Nersisyan, Franklin and Marshall College

Saturday, February 25, 2:30-3:50

Debt Dynamics (JEL Code H)

Session Chair:  Xiao Jiang, Denison University

Session Organizer:  Michalis Nikiforos, Levy Economics Institute

The Dynamics of State and Local Debt
Arjun Jayadev, Azim Premji University; J. W. Mason, John Jay College CUNY; Amanda Page- Hoongrajok, University of Massachusetts-Amherst

The Treatment of Household Debt in the Post Keynesian Tradition
Joelle Leclaire, SUNY Buffalo State

Understanding the Rise of Household Debt in US: Post-Keynesian v.s. Mainstream
Yun K. Kim, University of Massachusetts Boston

Discussants: Yun K. Kim, University of Massachusetts Boston; J. W. Mason, John Jay College CUNY; Joelle Leclaire, SUNY Buffalo State

Saturday, February 25, 2:30-3:50

Negative Interest Rates in the Aftermath of the Crisis: Solution or Trap?  (JEL Code E)

Session Chair: Guillaume Vallet, University of Grenoble Alpes 

Session Organizer:  Louis-Philippe Rochon, Laurentian University

Silvio Gesell: A Strange, Unduly Neglected Monetary Theorist
Cordelius Ilgmann, Thuringian Ministry of Economic Affairs, Science and Digital Society

The Problem of Low Interest Rate Environments - Keynes’ Influence on the Design of the Australian Monetary Policy Framework, 1935-45
Peter Docherty, University of Technology Sydney

The Negative Interest Rates Trap: Evidence from Two Countries/a PK Approach
Louis-Philippe Rochon, Laurentian University;  Guillaume Vallet, University of Grenoble Alpes

Uncertainty and its Links to Low/Negative Interest Rates
Roderick O’Donnell, University of Technology Sidney Discussants:  From among Presenters and Attendees

Saturday, February 25, 4:00-5:20

Teaching Heterodox Economics after the Crisis (JEL Code A, E)

Session Chair: Louis-Philippe Rochon, Laurentian University 

Session Organizer:  Louis-Philippe Rochon, Laurentian University

New Graduate Attributes as Well as New Content: How Pluralist Economics opens up Better Teaching Goals and Methods than Orthodoxy
Rod O’Donnell, University of Technology Sydney

Crisis in the Classroom: What we’ve Learned from Teaching and Assessing Introductory
Economics Courses Survey
Aleksandr V. Gevorkyan, St-John’s University; Greg Randolph, Southern New Hampshire University

Teaching Economics as if Distribution did not Matter
Roy Rotheim, Skidmore College

Saturday, February 25, 4:00-5:20

Topics in Economic History (JEL Code B)

Session Chair: Mark Stelzner, Connecticut College

The Labor Injunction and Peonage: How Changes in Labor Laws Increased Inequality during the Gilded Age

Mark Stelzner, Connecticut College

Unerseebooten in the First World War
Bruce McClung, Texas State University 

Scrope, The Classical Economists and Free Banking
Paul Orzechowski, College of Staten Island CUNY

Germany’s Economic Recovery under Hjalmar Schacht 1933 – 1937
Jay Pocklington, INET

Discussants: Donald Richards, Indiana State University; Tuna Baskoy, Ryerson University; Jennifer Withrow, University of Massachusetts Amherst; Sergia Coffey, Suny Empire State College

Sunday, February 26, 10:00-11:20

Economic Methodology (JEL Code B)


Session Chair: James Marshall, Muhlenberg College

Conceptions of Rationality: Thick, Thin and Ancient
Donald Richards, Indiana State University

Theorizing the State in Post Keynesian Economics
Tuna Baskoy, Ryerson University


Economic Policy When Society Holds Non-Consequentialist Views of the Good
David Fairris, University of California


Discussants: Bruce McClung, Texas State University; Jay Pocklington, INET; Paul Orzechowski, College of Staten Island CUNY

Event location

Sheraton New York Times Square Hotel
811 7th Ave
New York, NY 10019

Speakers

Meet the leaders and scholars whose new thinking guides our work. View all speakers

  • Amitava Dutt

    Professor of Economics and Political Science, Notre Dame University

  • Duncan Foley

    Leo Model Professor, The New School

  • Mary Hansen

    Associate Professor, American University in Washington, Economics Department

  • Arjun Jayadev

    Associate Professor, University of Massachusetts, Boston

    External Faculty, School of Liberal Studies, Azim Premji University

  • J. W. Mason

    Assistant Professor of Economics, John Jay College

  • Thomas Masterson

    Research Scholar, Levy Economics Institute

  • Gabriel Mathy

    Assistant Professor, American University

  • Rod O'Donnell

    Professor of Economics, University of Technology,Sydney

  • Mark Setterfield

    Professor of Economics, The New School for Social Research

  • Anwar Shaikh

    Professor of Economics, New School for Social Research

  • Pavlina R. Tcherneva

    Chair, Department of Economics, Bard College

    Associate Professor of Economics, Bard College

  • Leanne Ussher

    Assistant Professor, Queens College City University of New York

  • L. Randall Wray

    Professor of Economics, University of Missouri-Kansas City