Events
The return of the Master
| Event Date: | Monday, 26 April, 2010 | Time: | 6:00 PM — 8:00 PM |
|---|---|---|---|
| Location: | Room 119, Aberdeen Business School, Garthdee | ||
The economic crisis and the re-emergence of Keynesian economics
The conventional wisdom of the last 20-30 years has been that markets work, and that active government policy exerts a destabilising impact on the economy.
The economic theory that has been the foundation upon which economic policy has been built is the New Classical model. The events of the last few years - sub prime mortgages, the house price collapse, the credit crunch, the recession, the ineffectiveness of interest rates as the means of stabilising the economy (hence quantitative easing) and public sector borrowing - have lead to a renewed interest in Keynesian economics.
The talk will provide an overview of the New Classical model and will show why recent events have had significant implications for policy makers. It will also discuss the recent debates about the most effective ways in which to deal with the increase in public sector borrowing, and public sector debt.
Whilst the New Classical influence on policy still persists, recent events have suggested that policy solutions to the problems have a recognisably Keynesian flavour to them, as has the discussion about how rapidly we should reduce government borrowing.
The event will be followed by informal drinks served in the Back Atrium
To register:
Open to MBA graduates of Robert Gordon University and current students, although there may be some spaces for graduates of other courses.
If you would like to attend this event please RSVP to alumni@rgu.ac.uk by Monday, 19th April, 2010.