Lent and Easter 2016
Which country does the most good? Mr Simon Anholt
The Cambridge Society for Economic Pluralism and 80,000 Hours: Cambridge came together to host one of the biggest events of the year. We were honoured to be hosting Simon Anholt on the question ‘Which country does the most good?’.
Many of you will have already seen Simon’s TED talk, which went instantly viral with over two million views, arguing for us to stop obsessing about how well countries are doing, and start asking how much they’re doing for the future of humanity and the planet. Anholt also introduced the Good Country Index, a balance-sheet for the world, that has proved highly controversial. At the core of this is the question about what countries are really for. Do they exist purely to serve the interests of their own politicians, businesses and citizens? Or are they actively working for humanity and its only home, this planet? The debate is a critical one.If the first answer is the correct one, we’re all in deep trouble, argues Anholt.
Professor Anholt served as Vice-Chair of the UK Foreign Office’s Public Diplomacy Board, was awarded the Nobels Colloquia Prize for Economics in 2009 and the Prix d'Excellence du Forum Multiculturel pour un Développement Durable (Award for Excellence in Sustainable Development) in 2010. Find out more about Professor Anholt online.
This lecture was recorded on 19th January in Lady Mitchell Hall, Sidgwick Site, University of Cambridge.
Africa: Why economists get it wrong Professor Jerven
Not so long ago, Africa was described as the hopeless continent plagued by war, famine, poverty and corruption. Recently though, talk has turned to Africa's rising with a chorus of voices exclaiming the potential for rapid economic development across the continent. What then, is the truth about African growth?
CSEP invites you to explore this question with Professor Morten Jerven, author of the recently published 'Africa: Why Economists get it wrong'. Through careful historical analysis he highlights how flawed econometrics and a lack of appreciation of Africa's unique history and geography has caused economists to fundamentally misdiagnose Africa's economy by trying to explain a story of failed growth that never happened in the first place!
Professor Jerven teaches at the School for International Studies at Simon Fraiser University in Vancouver and at the Norwegian University of Life Sciences. He has published widely on African development including the book 'Poor Numbers: How we are mislead by African development statistics and what to do about it'.
This lecture was recorded on the 27th January at the Mill Lane Lecture Rooms, University of Cambridge.
The Future of the Euro Prof Ricardo Reis, Dr. Angus Armstrong and Prof Wouter den Haan
The European economy has had a turbulent past few years. The Euro has flirted with break-up several times, and some southern European countries still suffer from mass unemployment and economic stagnation. What does the future have in store? CSEP is honoured to be hosting a stellar panel of distinguished experts who will be discussing this vital issue in light of the EU’s current troubles.
Professor Ricardo Reis is a Professor of Economics at the LSE, on leave from Columbia University. He is a ‘rising star’ of the profession, having been made one of the youngest full professors in Columbia University’s history at the age of only 29. He is also a Senior George Fellow at the Bank of England and an advisor to the Federal Reserve Banks of New York and Richmond. Hailing from Portugal, most of his research is centred around theoretical and applied macroeconomics.
Dr. Angus Armstrong is the director for macroeconomics at the National Institute for Economic and Social Research. He has done extensive research in the areas of macroeconomics, finance and international monetary economics and was very active in the debate over Scottish independence. He previously worked as the Head of Macroeconomic Analysis at HM Treasury during the financial crisis, leading its work on stress tests and rescues for major banks, and before that, as a managing director in Deutsche Bank’s Asian division.
Professor Wouter den Haan has been a Professor of Economics at the LSE since 2011, having previously been a professor at the University of Amsterdam. He is also a co-director at the Centre for Macroeconomics and a research fellow and programme director at the Centre for Economic Policy Research. He is a macroeconomist, with a particular emphasis on issues such as business cycles and models with frictions.
This lecture was recorded on the 3rd February at the Mill Lane Lecture Rooms, University of Cambridge.
The new economics of religion Dr Sriya Iyer
For years economists have wondered if there is a link between Religion and Economics. Max Weber's paper on the 'The Protestant Ethic and the Spirit of Capitalism' was a first attempt to find some relationship and whilst it was quickly rebuked, far more nuanced understandings have arisen. Do cultural norms impact on economic decisions or can economics be used to understand culture better? Do different religions affect growth, inequality, politics and conflict?
In a fantastic new paper forthcoming in the Journal of Economic Literature, our speaker Dr Sriya Iyer, discusses 'The New Economics of Religion' and the implications this has for some of her recent research on the economics of religion, conflict and politics in India. As the Isaac Newton Trust Affiliated Lecturer at the University of Cambridge, she has also written a book on Demography and Religion in India.
This lecture was recorded on 9th February at St. Catherine's College, University of Cambridge.
Does our economy serve the common good? Christian Felber and Tomas Sedlacek
Does the current economic system serve the Common Good? Should it? And does it even make sense to assess our economy from an ethical point of view?
The Cambridge Society for Economic Pluralism is proud to host the two intenationally renowed speakers Tomáš Sedláček and Christian Felber for a discussion OPEN TO STUDENTS OF ALL SUBJECTS on these questions. Particularly, the "Economy of the Common Good", a rapidly growing international movement that hopes to align economic activity with ethical values, will be discussed.
Tomas Sedlacek is a Czech economist and author. His book "Economics of Good and Evil" has been translated into several languages, and has been published in the UK by Oxford University Press. He has been a member of the National Economic Council of the Czech Republic, works as Chief Macroeconomic Strategist for one of the Czech Republic's largest banks, and has been described as "one of the hottest minds in economics" by the Yale Economic Review. He will talk about the failings he sees in the current economic system.
Christian Felber is an internationally renowned speaker and author of several award winning bestsellers. He has been featured in Rolling Stone, the Financial Times, El Pais and Der Spiegel. He initiated the ‘Economy for the Common Good’ movement, as well as the Bank for the Common Good, Austria’s first ethical finance institute. He will present the Economy for the Common Good as an alternative economic system.
What role does the financial system have in economic thinking? Dr Michael Kumhof, Prof Jagjit Chadha and Prof Richard Werner
In this talk on the financial system, we explore how we can incorporate it into economic thinking and theory.
Dr Michael Kumhof is the Senior Research Adviser for the Bank of England's Research Hub and is a leading expert on fund creation and co-author of the working paper “Models of Banking: Loanable Funds or Loans That Create Funds?” with Zoltan Jakab.
Professor Jagjit Chadha is a member of the Cambridge Economics Faculty and is a key member of the Money, Macro and Finance Research Group as well as Gresham College's Mercers' School Memorial Professor of Commerce and the Head of the Economics Faculty at the University of Kent.
Professor Richard Werner is the Chair of International Banking at the University of Southampton, proposed the Quantity Theory of Credit as well as the term "Quantitative Easing", the author of "Where does money come from", and is credited as one of the top economists in the field by the Positive Money group.
This lecture was recorded on 24th Februrary at Mill Lane, University of Cambridge.
Has British Politics Been Replaced by Economics? Lord Eatwell and Lord Wilson of Dinton
For our final event of term, CSEP has united with The Wilberforce Society to bring you the event, 'Has British Politics Been Replaced by Economics?'
Recent clashes around the UK’s place in the EU are just the latest symptom of a country at the cross – roads, with a future that remains uncertain. TWS and CSEP are thus excited to explore the big questions ahead further and to welcome Lord Eatwell and Lord Wilson of Dinton, who will speak on the state of current British politics and economics.
Lord Eatwell is not only an esteemed member of the University, as President of Queens College, but also a member of various important national bodies. He was chief economic adviser to Neil Kinnock, Leader of the Labour Party, from 1985 to 1992 and was created a Labour member of the House of Lords on 14 July 1992. In 2010, he was appointed a Labour Opposition Spokesman for the Treasury in the House of Lords by former leader Ed Miliband. Eatwell is also the former chair of the British Library, a director of the Royal Opera House and the economic advisor to the Chartered Management Institute.
Lord Wilson of Dinton has served widely across government departments. He was at the head of the Economic Secretariat in the Cabinet Office under Mrs Thatcher from 1987-1990, later appointed Secretary of the Department of the Environment in 1992. He became Permanent Under Secretary of the Home Office in 1994 and Secretary of the Cabinet and Head of the Home Civil Service in January 1998, retiring in 2002. He remains a life peer and was previously master of Emmanuel College.
This lecture was recorded on 9th March at St. Catherine's College, University of Cambridge.