2018: Introduction to Post Keynesian Economics and Political Economy

Kingston University

John Galsworthy Building, Kingston University, Penrhyn Road, Kingston, Surrey, KT1 2EE.
Room: 3003
11 Jul 2018 –13 Jul 2018


The Global Financial Crisis has demonstrated the limitations of mainstream economic theory and neoliberal economic policy. This workshop will introduce Post-Keynesian Economics as an alternative to orthodoxy. Post Keynesian Economics has at its core the concepts of effective demand and distributional conflict: individuals face fundamental uncertainty about the future; there is a central role for ‘animal spirits’ in the determination of investment decisions; inflation is the result of unresolved distributional conflicts; money is an endogenous creation of the private banking system; unemployment is determined by effective demand on the goods markets; financial markets are prone to periodic boom-bust cycles. Post Keynesian theory is part of a broader Political Economy approach highlights the social conflict and power relations such as the between classes such labour, capital and finance and social groups stratified along the lines of gender and ethnicity. Economic analysis should thus be rooted in a historic and institutional analysis.

The workshop is aimed at students of economics and social sciences. As the aim of Post Keynesian Economics and Political Economy ultimately is to provide the foundation for progressive economic policies, it may of interest for a broader audience. 

  • Registration (workshop only) for PKESmembers: £20 (to join PKESgo to and click on ‘Join PKES’. Any current university student is eligible for membership at £10 per annum.)
  • Registration (workshop only): for non PKES members £45
  • Early Bird - Registration with accommodation (3 nights: Tue-Thu, 10/7-12/7) for PKES members: £60 registration [until 11 May]
  • Early Bird - Registration with accommodation (3 nights: Tue-Thu, 10/7-12/7) for non PKES members: £85 registration [until 11 May]
  • Registration with accommodation for PKES members (3 nights: Tue-Thu, 10/7-12/7): £125 [after 11 May]
  • Registration with accommodation for non PKES members(3 nights: Tue-Thu, 10/7-12/7): £150 [after 11 May]
  • Deadline for registration with accommodation is 8 June 2018, for workshop only registration 27 June 2018

Booking is essential to attend this event.

Book now


Engelbert Stockhammer
King’s College London

Post Keynesian Economics, Introduction & overview

Jo Michell
UWE Bristol

Money in the Economy: A Post-Keynesian Perspective

Özlem Onaran
University of Greenwich

Aggregate demand, income distribution and the causes of unemployment

Rafael Wildauer
University of Greenwich

Rising inequality: theories, debates, evidence

Jennifer Churchill
UWE Bristol

Financialisation and the welfare state

Christina Wolf
University of Hertfordshire

Development in Post Keynesian and Marxist theories

Gary Dymski
University of Leeds

Post-Keynesian and Marxian Approaches to Economic Policy: Can Global Capitalism be Tamed?


This event is supported by the Cambridge Political Economy Society Trust.

Organising committee

Christina Wolf (email:, Jennifer Churchill, Engelbert Stockhammer, Kingston University, Rafael Wildauer, University of Greenwich, Gary Dymski, Leeds University