The Long Depression - a critique of the book by Michael Roberts

Host/Sponsor: 
Unioin for Radical Political Economis
Room: 
1.113
Timeslot: 
SATURDAY June 3rd Session 1: 10:00am - 11:50am
Abstract: 
Since the end of the Great Recession in 2009, the major economies have been in a long depression, similar to that of the Great Depression of the 1930s and that of late 19th century. So argues Michael Roberts in his book. He defines the differences between regular and recurrent recessions that capitalism experiences and depressions and argues that the underlying cause of crises under capitalism is to be found in Marx's law of profitability and in the modern era in the expansion and overhang of debt (fictitious capital). Roberts will present the arguments in the book and Paul Mattick Jnr, author of Business as Usual (the best short book on the Great Recession) and Jose Tapia, joint author of La Gran Recesion y el capitalismo del siglo XXI, will present critiques of Roberts' book in a general discussion of the causes of crises and the current state of the world economy.
Chair/First Facilitator/Speaker First Name: 
Al
Chair/First Facilitator/Speaker Last Name: 
Campbell
Chair/First Facilitator/Speaker Affiliation: 
Union for Radical Political Economics
Speaker 1/Second Facilitator First Name: 
Jose
Speaker 1/Second Facilitator Last Name: 
Tapia
Speaker 1/Second Facilitator Affiliation: 
Drexel University
Speaker 1/Second Facilitator Biography: 
José A. Tapia was born in a Spanish colony in Africa. He studied medicine in Madrid, moved to the United States to work for the World Health Organization and then studied economics. He worked for the University of Michigan and presently teaches at Drexel University. He coauthored with Rolando Astarita La Gran Recesión y el capitalismo del siglo XXI (Madrid, Catarata, 2011) and has published papers on the impact of the socioeconomic context on health, on macroeconomic issues, and on climate change. His most recent publication is the book Rentabilidad, inversión y crisis: Teorías económicas y datos empíricos (Madrid, Maia, 2017).
Speaker 2/Third Facilitator First Name: 
Paul
Speaker 2/Third Facilitator Last Name: 
Mattick
Speaker 2/Third Facilitator Affiliation: 
No affiliation
Speaker 2/Third Facilitator Biography: 
Paul Mattick is the author of Social Knowledge (1986), Business as Usual (2011), and the forthcoming Theory as Critique: Essays on Capital. He edited the International Journal of Political Economy from 1987 to 2003, and edits the politics section Field Notes of the monthly Brooklyn Rail.
Speaker 3/Fourth Facilitator First Name: 
Michael
Speaker 3/Fourth Facilitator Last Name: 
Roberts
Speaker 3/Fourth Facilitator Affiliation: 
Not affiliated
Speaker 3/Fourth Facilitator Biography: 
Michael Roberts is an economist who has worked in the City of London for over 30 years. He holds a BA degree in economics with Sussex University, UK and an MA in economics with UBC, Canada. He has presented papers on economics at various conferences including the American Economic Association, Historical Materialism conference, the Association of Heterodox Economists, SASE, IIPPE and the Conference of Economic Developments in Bilbao, among others. He has published a number of articles in various journals, including Historical Materialism, Journal of World Political Economy, Science & Society, and recently contributed a chapter to the book, The Great Financial Meltdown, published by Elgar along with other well-known Marxist economists such as David Harvey, Simon Mohun etc. He is author of The Great Recession (published by Lulu in 2009) and The Long Depression (published by Haymarket in 2016). His third book, co-edited with G Carchedi, The World in Crisis, is published by John Hunt this summer. He recently presented a paper on robots and the health service to the Portuguese doctors association. He will be visiting lecturer to the National University of Mexico (UNAM) next March 2018. This coming September (the month of the publication of Marx's Capital), he has organised a special symposium of leading scholars (Harvey, Heinrich, Mattick, Fine) on the relevance of Marx's Capital 150 years later in conjunction with Kings College London University. He blogs on economics at thenextrecession.wordpress.com
Panel/Workshop Organizer First Name: 
Al
Panel/Workshop Organizer Last Name: 
Campbell
Panel/Workshop Organizer Affiliation: 
Unioin fro Radical Political Economics
 

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