9th PKES Summer School - Introduction to Post-Keynesian Economics and Political Economy

University of Greenwich

Room None, Park Row, SE10 9LS, London.
23 Jun 2020 9:30 a.m. –26 Jun 2020 None

Due to the Coronavirus pandemic the summer school is taking place online this year. Participation is free of charge, but registration is necessary to receive the reading package and the online invitation. Please make sure to register in advance to allow sufficient time to access the readings. To register please follow this link.

This four-day summer school at the University of Greenwich introduces Post-Keynesian Economics as an alternative to mainstream neoclassical economic theory and neoliberal economic policy. Key assumptions in Post Keynesian Economics are that 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 which highlights the social conflict and power relations between classes such as 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 setting.

The summer school 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 be of interest for a broader audience.


Monday 22 June 2020: Pub Quiz and Get together

  • 8.00 pm: Get together Trafalgar Tavern, Greenwich. Meet your fellow colleagues and get to know them over a pint and a pub quiz. This is an optional social event.

Tuesday 23 June 2020: Introduction to Post Keynesian Economics

  • Welcome and opening
  • Post Keynesian Economics, Introduction & Overview 
    (Engelbert Stockhammer, King’s College London)
  • Money in the Economy: A Post-Keynesian Perspective
    (Jo Michell, University of the West of England)
  • Distribution and Growth in PK
    (Özlem Onaran, University of Greenwich)
  • Panel Discussion - Post Keynesian Economic Policy

Wednesday 24 June 2020: Topics in Post Keynesian Economics and Political Economy

  • Development from a Post Keynesian and Marxist perspective 
    (Christina Wolf, Kingston University)
  • Deprivation and the electoral geography of Brexit
    (Rob Calvert Jump, University of Greenwich)
  • A political economy understanding of the financialisation of housing
    (Glenn Lauren Moore, SOAS University London)
  • student working groups

Thursday 25 June 2020: Formal Modelling in Post Keynesian Economics

  • Stock-flow consistent modelling and ecological macroeconomics
    (Maria Nikolaidi, University of Greenwich and Yannis Dafermos, SOAS University of London)
    Developing stock-flow consistent models in practice (lab session)
    (Maria Nikolaidi, University of Greenwich and Yannis Dafermos, SOAS University of London)
  • Endogenous Business Cycle Models
    (Karsten Kohler, King’s College London)
  • student working groups

Friday 26 June 2020: Further Topics

  • The financialisation of almost everything
    (Ewa Karwowski, Hertfordshire Business School)
  • Post-Keynesian and Political Economy Approaches to Economic Policy: Can Global Capitalism be Tamed?
    (Gary Dymski, Leeds University)
  • Closing panel





Organising committee

This event is co-organized by the Post-Keynesian Economics Society (PKES), the Institute of Political Economy, Governance, Finance and Accountability (PEGFA) and Rethinking Economics Greenwich. Vital financial support has been received from the Cambridge Political Economy Society Trust.

The organising committee consists of Christina Wolf, Kingston University; Engelbert Stockhammer, King’s College London; Rafael Wildauer, Alexander Guschanski, both University of Greenwich and Jo Michell, University of the West of England.