Dear AFEEfolks,

This year we are resurrecting the ICAPE booth at the ASSA meetings to
remind economists that there are robust alternatives to mainstream
economics. AFEE has partnered in this endeavor with ICAPE as well as other
heterodox and pluralistic associations (ASE, IAFFE, URPE, AFIT, AIRLEAP).

I am looking for volunteers to staff the booth during the following time

Saturday, January 6, 10 AM - 12 PM
Sunday, January 7, 8 AM - 10 AM

Please let me know if you can fill one of those slots. And, please stop by
the ICAPE booth when you are in the exhibit hall.

Also, it is not too late to register for the ICAPE conference the day
before the ASSA meetings (
An updated program is copied below.

Warm regards,

Geoff Schneider

ICAPE Conference Program, January 4, 2018, Geri C. LeBow Hall, Drexel

Organized by Geoff Schneider, Executive Director, International
Confederation of Associations for Pluralism in Economics

To log into the podium computers:                 Username:
lcbguest            Password: LeBow!Goodwin

Locations:              Lower level:          Rooms #27, #31, #33

2nd Floor:               Room #221, Registration, catering, coats; Room
#220: DiPiero Grand Meeting Room

4th Floor:                Rooms #406, #408, #409

7th Floor:                Room #722

*Breakfast Buffet, 7-8 AM. Room #220-221*

Menu: Danish, Scrambled eggs, breakfast potatoes, bacon, sausage, Coffee,

*Session 1, 8:00-9:30 AM*

*1A Professional Ethics, Scientific Integrity, and Best Practices in
Economics (AIRLEAP), Room #31*

o    *Areerat Kichkha (Chair) & Richard Anderson, Lindenwood University:
Replication - Whose Ethical Concern Is It?*

This paper explores opinions regarding the value of replication. We ask if
there is an “optimal” level of replication, is it also an acceptable level
of ethics?  Dilemmas include where we ought to concentrate among competing

o    *Steven Payson, AIRLEAP: What Will Make Economics Professors Succeed
or Fail in the Future? The Discipline at a Crossroads*

This paper examines the incentive system that economics professors face,
and how it needs to improve in order to ensure the profession’s success.
Success in this regard refers to the contribution of discourse that is
valuable to society.

o    *W. Charlie Sawyer, Texas Christian University: Flipping the Files:
Matching in the Economics Job Market*

The demand side of the economics job market is segmented into Ph.D.
granting institutions and those whose connection to the profession is
weaker. The paper explains how, for these two parts, the hiring process is
substantially different.

*1B Stratification Economics and the Political Economy of Identity, Room

o    *John Davis (Chair), Marquette University: Stratification Economics
and the Economics of Exclusion*

This paper explains the black-white wage differential using social group
identity analysis and the taxonomy of goods. The labor of a minority of
black individuals and the labor of all white individuals are treated as a
club good.

o    *Dania Francis, University of Massachusetts Amherst: The Effects of
Job Losses on Black and Hispanic Youth*

Job losses of 1% decrease 8th-grade math scores by .084 and .072 standard
deviations for black and Hispanic students. The disparate effects of
downturns explain 7% of the black-white math achievement gap among 8th

o    *Kyle Moore, New School for Social Research: Real Competition and
Stratification Economics: A Mutual Critique of Neoclassical Competition*

To provide an adequate explanation for racial economic disparities, there
must be an attendant theory of how the wage differentials within a
capitalist economy result in inequality across racial lines.

*1C Presentations from the Routledge Handbook of Heterodox Economics, Room

o    *Tae-Hee Jo (Chair), SUNY Buffalo State, Lynne Chester University of
Sydney, and Carlo D'Ippoliti, Sapienza University of Rome: The State of Art
and Challenges for Heterodox Economics*

We not only outline the objectives and distinctive features, structure, and
topics of the Handbook, but also deal with the general agenda of heterodox
economics that is not covered by chapters in the Handbook.

o    *Marcella Corsi, Sapienza University of Rome, and Giuilio Guarini,
Tuscia University: Inequality and poverty*

This chapter discusses poverty and inequality, the other side of economic
growth, capital accumulation, and uneven development, drawing concepts from
Classical and Feminist economics, and addressing the stochastic nature of

o    *Scott Carter, University of Tulsa: Heterodox Theories of Distribution*

This chapter presents comparative heterodox theories of functional income
distribution for (i) Classical/Marxian theory, (ii) Post-Keynesian theory,
and (iii) Neo-Kaleckian theory.

*1D Radical Approaches to Economic Policy Analysis in Advanced Capitalism
(URPE), Room #408*

o    *Jamee Moudud (Chair),  Sarah Lawrence College: Looking into the Black
Box: Policy as a Contested Process*

Social democratic policy proposals need to be anchored in the history of
state-business relations to understand the nature of power struggles over
policy. Where relevant, this type of work should be complemented via
empirical analysis.

o    *Robin Chang, York Un.: A Marxian Explanation for the Fast Rate of
Growth in Healthcare Expenditures in Advanced Capitalism*

Integrating the tendency for rising costs of healthcare into Marxian theory
produces urgent conclusions for public finances and health policy that are
different from what neoclassical and institutionalist analyses suggest.

o    *Katherine Moos, University of Mass.-Amherst: Neoliberal
Redistributive Policy: The U.S. Net Social Wage in the 21st Century*

This paper investigates trends of state spending and taxation. The positive
net social wage in the 21st century is the result of the growth of income
support, healthcare inflation, neoliberal tax reforms, and macroeconomic

o    *Tyler Saxon, Colorado State University: The
Scientific-Military-Industrial-Complex: Ceremonial Encapsulation of R&D in
a Male-Dominated Political Economy*

High levels of defense spending implicitly genders R&D institutions in the
United States. This paper aims to supplement existing approaches to improve
female participation in R&D, such as mentoring, parental leave, reducing
discrimination, etc.

*1E Undergraduate economics curriculum reform: A Roundtable (URPE), Room

Panelists from schools that adopted a pluralist alternative to the standard
curriculum will describe the organization, challenges, and successes of
their program. This will be followed by open discussion.

o    *Nathan Sivers Boyce (Chair), Willamette University *

o    *Elizabeth Ramey, Hobart & William Smith Colleges *

o    *Raechelle Mascarenhas, Willamette University *

o    *Benjamin Balak, Rollins College*

*1F Issues of Democracy, Governance and Justice, Room #409*

o    *Mary Wrenn (Chair), University of the West of England, and William
Waller, Hobart and William Smith Colleges: Neoliberalism and Actions
against Interests by White Working Class Women in the US*

Historical changes caused the elimination of much of the security that
marriage once provided for working class women. These factors provoked a
misguided protective response, in the Polanyian sense, in the election of

o    *Sedef Topal, University of Szeged: Evolution from Democracy to
Manipulocracy in the Crisis of State Sovereignty*

This study focuses on whether democracy is still accountable where the
elections function as a competition among the political parties supported
by the market players through a critical analysis methodologically based on
Political Theory.

o    *Masato Miyazaki, Saitama University: Do local allocation tax grants
boost the issuance of road bonds? Evidence from Japan’s local governments*

In contrast with the findings of previous research, road bonds were linked
to national treasury grants because local specified road maintenance and
improvement projects combined subsidized projects and non-subsidized

o    *Aqdas Afzal, National University of Sciences & Technology, Islamabad:
The Work of John Rawls as a Blue Print for Social and Economic Justice*

I compare  Rawls’ Theory of Justice with arguments within libertarian
thought. I re-examine “self-ownership” and “freedom” in order to assess
their efficacy in addressing important social questions with respect to
economic justice.

*1G The Social Economics of Applied Microeconomic Analysis, Room #406*

o    *John Tomer (Chair), Manhattan College: Why Consumers Are Not
Sovereign; The Socio-Economic Causes of Market Failure*

The purpose of this paper is to explain why, contrary to mainstream
economics, competitive markets, for important noneconomic reasons, often
fail to serve the best interests of society.

o    *Nasreen Nawaz, Michigan State University: Efficiency on the Dynamic
Adjustment Path*

This paper analyzes the efficiency of a perfectly competitive market on the
dynamic adjustment path after a shock in the absence of frictions & price
rigidities, if ideal conditions are maintained.

o    *Jason Hecht, Ramapo College: High-Tech R&D, Productivity, and
Labor-Displacing Technical Change: A Solow Model of Productivity With A
Ricardo-Marx Result*

This study applies growth theory to determine whether technical progress in
the advanced technology sectors can be characterized as "Hicks neutral"
(labor augmenting) or labor "savings" (capital augmenting) technological

o    *Scott Alan Carson University of Texas, Permian Basin: Net Nutrition
and the Transition from 19th Century Bound to Free-labor: Assessing Dietary
Change with Differences in Decompositions*

An institutional and empirical analysis of the late 19th century labor
market transition effect on black and white health and net nutrition.

 *Session 2, 9:45-11:15 AM*

*2A Studies on Employment and Migration (AIRLEAP), Room #31*

o    *Amelie F. Constant (Chair) & Douglas S. Massey, Princeton Univ.:
Mobility trends & Patterns of Latinix by U.S. Census Region*

We examine trends in the size and composition of the Latino population in
the U.S. as well as their internal mobility. Within the Southern region, we
find considerable Mexican internal migration from Texas to Tennessee,
Georgia, and the Carolinas.

o    *Yaya Sissoko, Indiana University of Pennsylvania, and Brian W.
Sloboda, University of Phoenix: A Dynamic Multi-Sector Export Base Model to
Determine Long-Run Regional Employment Growth in Pennsylvania’s
Metropolitan Statistical Areas (MSAs)*

This paper studies local employment in Pennsylvania’s fourteen metropolitan
statistical areas. It applies dynamic time series methods for sectoral
interactions that are often lagging in static models.

o    *Steven Payson, AIRLEAP: The Downsizing of Economics Professors: How
It Will Happen and Why It Will Succeed*

The number of economics professors will decline substantially over the next
couple of decades. This will happen because of the advent of distance
learning, which enables a single professor to lecture to tens of thousands
of students.

*2B Social Institutions of Finance (URPE), Room #27*

o    *Ariane Hillig (Chair), The Open University: Impact of
Financialization on the Everyday Life of UK Households*

The created norms of asset accumulation intensify the capital labour
relationship in the presence and future, reinforcing existing disciplining
mechanisms. Nevertheless, households react as discerning and proactive

o    *Giulia Zacchia, Sapienza University of Rome, Fabrizio Botti,
University of Perugia and Marcella Corsi, Sapienza University of Rome:
Microfinance in Europe at the time of crisis: Striking a balance between
financial and social performance*

The paper contributes to the identification of a core set of indicators for
microfinance. Critically, we shed new light on the existence of a trade-off
between financial and social performance indicators.

o    *Manisha Pradhananga, Knox College, and Leila Davis, Middlebury
College: Financialization of Agro-Food Firms*

We will share preliminary results based on a new dataset we constructed
that allows us to analyze derivatives positions across a large sample of
agro-food firms between 2009 and 2016.

o    *Serap Saritas-Oran, Eylul University: Financialisation, Islamic
Finance and Pension Funds in Turkey (SKYPE)*

This paper aims to highlight the role of pension funds in prevailing
Islamic Finance in Turkey through investigating the case of ‘lease
certificates’ that are known as interest-free bills. PREVENTED FROM

* 2C Energy in the Global Economy, Room #33*

o    *Jim Case (Chair): Biophysical Economics*

Biophysical Economics (BPE) is an attempt to build a prescriptive economic
science on the laws of nature and thermos-dynamics. The core BPE model will
be presented, and potential expansion discussed.

o    *Carey King, University of Texas Austin: Systems Thinking Linking
Energy and the Economy: Size, Growth, and Structure*

I will summarize trends in energy, food, and economic spectrum, with
emphasis on data for the U.S.  While the core costs of food and energy are
low today, they are no longer declining, and this is one explanation for
low economic growth rates and interest rates post-2008.

o    *Victor Yakovenko, University of Maryland College Park: Evolution of
the global inequality in energy consumption*

Inequality can be derived from the concept of entropy in statistical
physics. The probability distribution of money among the agents converges
to the exponential Boltzmann-Gibbs law due to entropy maximization.

o    *Jim Case: Petroleum Price History*

Hotelling inaccurately predicted the price of gas would rise exponentially
based on neoclassical economic theory and a neglect of historical evidence.
We summarize that evidence, and propose some startling conclusions.

* 2D Gender, enterprise and growth, Room #406*

o    *Janice Peterson (Chair), CSU Fresno*

o    *Emel Memiş, Ankara University, and Ozge İzdes, İstanbul University:
The Impact of Elderly Care on Women’s Labour Force Participation and

In Turkey, due to the lack of public care services, care of elderly is left
to the family and primarily to women. This study presents basic indicators
on elderly care by using 2014-2015 time use data and analyse how elderly
care affects women’s employment.

o    *Anupama Uppal, Punjabi University: The Nature and Determinants of
Gender Discrimination in Entrepreneurship in the Unorganized Manufacturing
Sector of India*

This study analyzes observed differences in resources, motivation and
productivity in male owned and female owned enterprises in the unorganised
manufacturing sector of India. It points out the determinants as well as

o    *Madhavi Venkatesan, Northeastern University: Effective policy starts
with micro data: Female wage disparity and equity*

The paper analyzes the impact of neoliberal policies on Indian women by
understanding the changes in the meso economy. It argues for public
investment to promote women’s participation in paid employment due to
positive externalities.

o    *Sanika Ramanayake and Taniya Ghosh, Indira Gandhi Institute of
Development Research: The Role of Gender-gap and Exports on Economic Growth*

This paper investigates empirically the effects of exports growth and
gender-gap on economic growth and output. There exists a unidirectional
long-run relationship from gender gap to economic growth and output.

*2E Development and Economic Theory, Room #722*

o    *Steve Cohn (Chair), Knox College: Paradigm Competition in China*

This paper looks at the causes and implications of the paradigm shift from
Marxist to neoclassical economics in Chinese universities.  The analysis
concentrates on the implications of the paradigm shift for public
discussion and public policies.

o    *Amanda Page-Hoongrajok, Shouvik Chakraborty and Bob Pollin,
University of Massachusetts-Amherst: Austerity Versus Green Growth for
Puerto Rico*

Puerto Rico is experiencing a severe economic and social crisis. Austerity
policies proposed for Puerto Rico will only deepen the ongoing crisis. We
develop a “green growth” program for Puerto Rico as an alternative to

o    *Sudeep Regmi, Bucknell University: Notes on the Foundations of a
Postcolonial Geopolitical Economy*

A culturally and geographically aware geopolitical economy of capitalism
would benefit from a Southern and postcolonial perspective. This paper
reconstructs some of the categories developed in the extant literature.

*2F Pluralistic Games, Experiments and Curricula, Room #408*

o    *Julia M. Puaschunder (Chair), Harvard University: Trust and
Reciprocity Drive Social Common Goods Contribution Norms*

Experiments provide evidence for trust and reciprocity contributing to
common goals. The more trust and reciprocity, the more support for common
goals, leveraging trust & reciprocity as tax compliance antecedents.

o    *Pierre Lacour, NYU: Does Ethical Behavior Pass the Test of Time?
Explorations in Repeated Trust Games*

This paper analyzes the behavior of participants in 3 repeated trust games.
The experiment tests whether people behave ethically, as they want their
partner to behave. Evidence of such behavior was found in a prior one–shot
game experiment.

o    *Rafed A. Al-Huq, Bucknell University: Classroom Experiments for
Pluralistic Economics*

We develop classroom games for students that illuminate pluralistic ideas.
An inequality game is presented where no matter what the strategy is
employed by students an iniquitous wealth distribution results with
randomly picked winners.

o    *Sam de Muijnck, Joris Tieleman, and Maarten Kavelaars, Erasmus
University Rotterdam: Thinking Like an Economist? A Quantitative Analysis
of Bachelor Curricula in the Netherlands (SKYPE Presentation)*

This research is a detailed quantitative inquiry into the economics
curricula of Dutch universities. Dutch curricula are narrow in scope, and
do not effectively teach critical thinking.

*2G Money and Finance, Room #409*

o    *Robert Kirsch (Chair), Arizona State University: Modern Money
Marxism? Or: A Left Critique of State-Centered Money*

Modern Money Theory (MMT) lacks an account of why institutions behave the
way they do, and does not address political agency. By applying a Marxian
analysis, this friendly critique challenges MMT to form a more
comprehensive political economy.

o    *Michael Derrer, Lucerne University: The Pros and Cons of the
"Sovereign Money" proposal in Switzerland*

In a sovereign money system, only an independent central bank would be
allowed to create scriptural money, not the commercial banks. The sovereign
money proposal is placed in a wider context and confronted to other
heterodox streams.

o    *Mona Ali, SUNY New Paltz: Finance, Power, and the British Balance of

We highlight Britain’s role in governing international finance—and its
shaping, in part, by the ‘Anglo-American nexus.’ We comment on the
potential implications of Brexit for Britain’s BoP and its
political-economic future.

o    *Ron Baiman, Benedictine University: Anwar Shaikh's "Classical
Phillips Curve" and the New Era of Rentier Capitalist Rising Profit Share

This paper updates Shaikh’s “Classical Phillips Curve” to show that though
2012-2016 does not follow Shaikh, it is consistent with a pattern of
“Rentier Capitalist” “rising profit share stagnation” starting in the
1970’s suggested by a modified curve.

*Session 3: Lunch Plenary, 11:15 AM – 1:00 PM. Room #220-221.*

Lunch menu: Salad, Eggplant Parmesan, Chicken Parmesan, Vegan Rigatoni
Marinara, Cookies, Brownies

*Lunch Plenary Topic: Pluralism and Economics 10 Years after the Crisis and
200 years after Marx's birth *

Given that it has been 10 years since the Financial Crisis, what is your
assessment of the state of mainstream economics and heterodox economics?
What strategies do you think pluralistic economists should adopt going

o    *Geoffrey Schneider (Chair and Moderator), Bucknell University *

o    *Anwar Shaikh, New School for Social Research *

o    *William Waller, Hobart and William Smith Colleges *

o    *Julie Nelson, University of Massachusetts Boston *

*Session 4: 1:15-3:00 PM*

*4A Economic and Interdisciplinary Analyses of Inflammatory Policy Issues
(AIRLEAP), Room #31*

o    *Steven Payson (Chair), AIRLEAP *

o    *Julia M. Puaschunder, Harvard University: Climate in the 21st Century*

This paper unravels the benefits arising from a warming earth to build a
more whole-rounded participatory incentive structure regarding climate
change. The paper reveals climate winners and losers around the world from
now on until 2100.

o    *Rolando A. Santos, Lakeland Community College, and Brian Sloboda,
University of Phoenix: Implication of a Border Tax to the Value of the
Dollar, Yuan and the Mexican Pesos*

This paper determines the effects of tariffs or the border adjustment tax
to the value of the currencies involve in trade.  A dynamic model via the
structural vector autoregressive (SVAR) will be applied to the data.

o    *Beau Whitney, New Frontier: Cannabis Banking and Taxation: An
Examination of the Ethics and Efficacy of Public Policy on Public Safety*

Firms wishing to operate as legitimate businesses in the cannabis industry
are not allowed under federal law to deduct many common business
deductions. This paper examines the ethics and efficacy of these policies.

o    *Pierre D. Glynn, Collin B. Lawrence and Carl D. Shapiro, U.S.
Geological Survey: Adaptive and Traceable Science and Policy Governance for
Better Economic Decisions*

Biases, Beliefs, Heuristics, and Values affect human abilities to
understand and manage systems.  Improving management decisions requires
science and policy governance that assesses the benefits and costs of
different constituencies.

*4B New heterodox perspectives on financialization and primitive
accumulation (URPE), Room #33*

o    Scott Fullwiler, University of Missouri – Kansas City: *Chair and

o    *Ignacio Ramirez Cisneros, University of Missouri – Kansas City:
Minsky’s international economics and its implications for the Eurozone

To avoid recurring raids on small nation's sovereign debt, the EZ
authorities have to validate the official sector driven innovation of a
multinational currency with a ‘whatever it takes’ monetary and fiscal
policy stance.

o    *Andres Cantillo, Missouri State University: The structure of
production and portfolio decisions of investment*

The Sraffa-Pasinetti framework depicts the structure of production,
production commitments unveil its expectational character, and the
potential surprise function provides a way to communicate those, in
monetary terms.

o    *Daniel Ferman-Leon, Cornell University: Financialization:
Perspectives from Anthropology and Heterodox Economics*

A heterodox anthropology of finance can challenge the myth of
homo-economicus and demonstrate how markets constitute and are constituted
by people who are economic subjects, thinking subjects and feeling subjects
all in one.

o    *Alejandro Garay-Huaman (Chair), University of Missouri – Kansas City:
Decentering Primitive Accumulation and Imperialism: Towards a
Non-essentialist Approach*

A Global Value Chain approach grounded in a non-essentialist Marxian class
analysis is used to specify the various forms of class processes and class
positions (fundamental and subsumed) within the gold, silver, and copper
mining chain.

o    *Scott Carter, University of Tulsa: Discussant*

o    *Rafed A. Al-Huq, Bucknell University: Discussant*

o    *Natalia De Lima Bracarense, North Central College: Discussant*

*4C Methodological Issues (URPE), Room #722*

o    *Tim Koechlin (Chair), Vassar College, and Jonathan Diskin, Earlham
College: A Radical (Re)Framing of “Choice”*

We consider the role of choice in explaining wealth inequality, urban
geography, trade, and macro-policy.  Finally, we consider the implications
of all of this for how we ought to teach both mainstream and heterodox
economic theories.

o    *Ceren Soylu, University of Massachusetts-Amherst: Heterogeneity
and/of Collective Action: Who, What, and How?*

An individual’s decision to act collectively is influenced by acquisitive
and constitutive motives as well as endogenously determined beliefs about
the number of other participants and participants’ identities.

o    *Larry Udell, West Chester University: Rawls for Radicals*

I argue that a Rawls-Marx synthesis charts the best course for radical
politics today, but that such a synthesis requires a substantial revision
of Rawls’s theory of justice to include a full employment principle as
fundamental to justice.

o    *Frank Thompson, University of Michigan: A Model of Rawls' Theory of
Intergenerational Justice*

A formal model is developed in terms of which the fundamental explanatory
and normative issues can be addressed. Human history is conceptualized
comprising two eras: subsistence and a period with resources sufficient to
maintain justice.

o    *David Fields and Sanchit Shrivastava, University of Utah: The
Normative Foundations of Political Economy: Introducing Economics as a
Social Science*

Through a materialist approach to the study how humans organize to produce
what is necessary for survival, one can justifiably assert whether certain
systems of human behavior do generate the conditions for social harmony.

*4D Foundations for an alternative curriculum in economics, Room #27*

o    *Anwar Shaikh, New School for Social Research: Constructing the
Foundations for an Alternative Curriculum in Economics *

Much of what passes for “pluralism” serves to strengthen orthodox economics
by making the orthodox position its point of departure. Instead, one must
start from a different theoretical place, while still addressing the same

*4E Pluralistic Approaches to Teaching, Room #406*

o    *Randy Albelda (Chair), University of Massachusetts Boston *

o    *Jack Reardon, Hamline University: Pluralism and Effective Teaching: A
Survey of the Literature*

This paper surveys the literature on the connection between pluralism and
effective teaching, what works and what doesn't, and what to expect in the
near future.

o    *Geert Dhondt, Mathieu Dufour and Ian Seda, John Jay College: Keeping
Class in the Conversation in the Age of the 1% *

This article focuses on ways we integrate class into introductory economics
through discussion and exercises pertaining to inequality,
intergenerational mobility, poverty, exploitation, alienation, and the
American Dream.

o    *Sucharita Sinha, Mukherjee College of Saint Benedict/Saint John’s
University: Embracing pluralism for making Economics relevant- Introductory
courses could pave the Way*

Revising the scope of introductory courses to include heterodox
perspectives will enable the discussion of relevant problems such as
inequality and build a framework of intuitive interdisciplinary solutions.

o    *Jason Hecht, Ramapo College: Incorporating Pluralist Explanations of
the Financial Crisis into Finance and Economics Courses*

Changes in the structure of production relate to trends in income
distribution which impact both macro and financial measures of
performance.  I connect this material to Classical versus neoclassical
theories of modern finance and the financial crisis.

*4F Theoretical and Methodological Issues in Economics, Room #409*

o    *Richard V. Adkisson (Chair) and James Peach, New Mexico State
University: Is There a Role for Basic Econometric Analysis in the Pluralist
Approach to Economics?*

This paper explores the potential usefulness of basic econometric analysis
in the conduct of pluralist research.

o    *Roger A. McCain, Drexel University: Economics is Thick*

Thick concepts link fact and value so that the factual part justifies the
evaluation of the object described as good. Terms like “efficient” and
“productive” are terms that express facts and values in this way. To that
extent, economics per se is thick.

o    *Greg Hannsgen, Levy Economics Institute, and Tai Young-Taft, Bard
College at Simon’s Rock: Gender in a Nonlinear Post-Keynesian Fiscal-Policy

We introduce a role for gender in a nonlinear Post-Keynesian fiscal policy
model. Using types of labor allows us to explore some interesting
implications for growth and distribution.

o    *Terrance J. Quinn, Middle Tennessee State University: Anatomy of
economic activity: there are two main flows*

A brief introduction to Bernard Lonergan’s two-flow analysis and to the
possibility of effective and humane strategies for local and global

o    *John McDermott, SUNY: A Private Economy in Which Investment is Mostly
Public: Re-Examining Some Economics Fundamentals*

This predominance of public investment in an ostensively private economy
raises a number of theoretical and policy questions of a very fundamental
character related to the relation between the public and private sectors.

*4G Preparing for ASSA and Campus Interviews: A Roundtable and Workshop,
Room #408*

Panelists will share their top tips on preparing for ASSA and Campus
Interviews. Subsequently, participants will engage in mock interviews which
pair those on the job market with more experienced faculty.

o    *Geoffrey Schneider (Chair), Bucknell University                  Jen
Cohen, Miami University of Ohio*

o    *Erdogan Bakir, Bucknell
University                                         Additional panelists

*Session 5: 3:15-5:00 PM*

*5A Constructing the Principles of Radical Political Economy: A Roundtable,
Room #220*

At this roundtable participants will discuss attempts to crystallize a set
of principles of contemporary radical political economy along with a
critique of the principles of mainstream economics offered by Gregory

o    *Geoffrey Schneider (Chair), Bucknell University*

o    *Ann Davis, Marist College *

o    *Paddy Quick, St. Francis College*

*5B Heterodox Approaches to Macroeconomics (URPE), Room #33*

o    *Adem Elveren (Chair) and Rachel Dunning, Fitchburg State University:
Falling Profit Rates and Military Expenditures: An Empirical Investigation*

This paper empirically analyses the counteracting role of military
expenditures with respect to different time periods and country groups with
a special focus on income inequality.

o    *Olivia Mattos, St. Francis College, Fernanda Ultremare, Felipe da
Roz, and Guilherme Melo, UNICAMP, Brazil: Ultra low and Negative Interest
Rates in our times: what Keynes would have thought?*

We discuss monetary policy measures after the crisis and the rationale for
negative interest rates. We use J. M. Keynes theoretical apparatus to
criticize Negative Interest Rate policy.

o    *Gokcer Ozgur, University of Utah: How Saving Data is Estimated*

This study focuses on two methods of the estimation of gross national
saving and the methodology of these estimations. Gross national saving
cannot be used in empirical studies for saving-investment debate or similar

o    *Hasan Comert, Middle East Technical University, and Fatih Akcelik,
Central Bank of Turkey: Does Inflation Vary across Income Groups? Evidence
from an Emerging Market*

As the income gap widens, inflation inequality across households increases.
Inflation of poor households is more sensitive to food price shocks, while
that of rich households is more sensitive to exchange rates and import
prices in Turkey.

o    *David Fields, University of Utah, and Nathaniel Cline , University of
Redlands: The Case for Regional Policies under Monetary Sovereignty: A
Heterodox Approach to Domestic Fiscal Crises*

We review the history of state and regional balance of payments in the US,
and conclude that while fiscal transfers lift a long term balance of
payments constraint for deficit states, they do not resolve more general
national and regional crises.

*5C Issues in Economic Policy and Theory, Room #31*

o    *Quentin Wodon (Chair), World Bank: The Role of Laws, Policies, and
Interventions for Ending Child Marriage and Keeping Girls in School*

This paper discusses the roles of laws, policies, and targeted programs to
end child marriage. It focuses in part on interventions to keep girls in
school as an alternative to child marriage.

o    *Adam Chalmers, King's College London, Marcella Corsi and Giulia
Porino, Sapienza University of Rome: Diversity is an asset. How reducing
gender-imbalances in financial sector top positions could promote the
public interest in finance*

The aim of the paper is to analyse the factors that preclude diversity in
the representation of interests within the financial sector top positions
(focusing on gender-imbalances).

o    *Kalpana Khanal and Jacob C. Correira, Nichols College: The Political
Economy of “Food Security” in the age of neoliberal globalization*

This paper critiques the notion of food security through trade as promoted
by international organizations and presents food sufficiency as a measure
to ensure “right to food” to everyone.

o    *Ruchira Sen, University of Missouri - Kansas City: Economies of
Kinship and Command in the Empire of Capital since 1989*

This paper examines the incursions of capitalist processes into economies
of kinship and command since 1989 as a condition for the reproduction of
the capitalist system. The State is a site for the triple movement.

o    *Riko Rosete, Warren Wilson College and Hendrik Van den Berg,
University of Massachusetts-Amherst: Extending the Harrod-Domar Model:
Warranted Growth with Immigration, Natural Environmental Constraints, and
Technological Change*

We extend the Harrod-Domar growth model to incorporate immigration.  Then,
we incorporate environmental limits and technological solutions in order to
reformulate what Harrod called the warranted growth rate.

*5D Corruption and Crime, Room #27*

o    *Richard V. Adkisson and Leila Shadabi, New Mexico State University:
An Institutional Examination of Consistent Corruption*

This paper analyzes countries in which the level of corruption has been
consistently perceived to be low, high; and in the middle. Environmental,
technological, and cultural indicators are examined for each group.

o    *Rafed A. Al-Huq Bucknell University: Illuminating Corruption: A View
from Satellite Night-Time Lights Data*

Using satellite night-time lights data we calculate urban population
density and show that it has a significant effect on economic corruption. A
percolation model explains why.

o    *Scott Alan Carson, Un. of Texas, Permian Basin: Crime in the American
West: Institutional Evolution to Address Social Change*

An institutional/empirical analysis of economics and crime in developing
19th century Illinois

o    *Geert Dhondt, John Jay College: ‘Stress of Circumstance:’ Towards a
Marxist Political Economy of Criminal Justice*

Individual crime and criminality in the US can be understood by looking at
how changes in the economic system criminalize certain populations.  We
should abandon Neoclassical theories and develop a Marxist Political
Economy of crime.

*5E Economic Thought and Pluralism, Room #406*

o    *Gerald Friedman and Carly McCann, University of
Massachusetts-Amherst: Women with degrees and the gendering of progressive

This project evaluates the professionalization and gendering of Economics
in the Progressive Era, tracing the career trajectories of women compared
with men to highlight different concerns and the barriers excluding women
from the academy.

o    *Roberto Simiqueli, Universidade Estadual de Campinas: Conservatism
and Institutions: revisiting the exchange between J. A. Hobson and
Thorstein Veblen*

This paper investigates the dialogue between Veblen and Hobson, including
how Hobson influenced Veblen on industrial concentration and how Veblen
influenced Hobson’s views on imperialism.

o    *Ramon Garcia Fernandez Universidade Federal do ABC Carlos Eduardo
Suprinyak Universidade Federal de Minas Gerais: Manufacturing Pluralism in
Brazilian Economics: The role of ANPEC as institutional mediator and

Economics in Brazil is pluralistic. The national association ANPEC plays a
crucial role in sustaining this situation. We study an episode occurred
shortly after its foundation, which was fundamental to define the
association´s pluralistic stance.

*5F Labor, Employment, Poverty and Inequality, Room #409*

o    *Josefina Y. Li, University of Missouri - Kansas City: Bioregional Job

A bioregional Job Guarantee program, guided by a set of social objectives
that integrates anarcho-communism and Buddhism,  can be used to create a
new social ethos grounded in cooperation, minimalism, democracy and

o    *Brian Matlock, University of Missouri - Kansas City: Talking about
the poor: a critical discourse analysis of nonprofit website messaging
about poverty*

A content analysis study of community development nonprofit websites to
analyze the way they frame information about their target community, and
the causes and solutions to poverty.  Both economic and social implications
are addressed.

o    *Alexandra Arntsen, Birmingham City University: It’s the end of the
world and we know it: an intersectional analysis of worktime and
environmental preferences*

We analyze survey responses about the environment based on demographic
characteristics (gender, social class, ethnicity, dependents) producing an
intersectional analysis of work-preferences and environmental attitudes.

o    *John Komlos, University of Munich: The Hollowing Out of the Middle

The major consistent findings are what in the colloquial is referred to as
the “hollowing out” of the middle class as well as the tremendous increase
in the income of the top 1%.

*5G* *Publishing in Heterodox Journals: The Good, the Bad and the Ugly (A
Roundtable), Room #408*

Editors of heterodox journals share stories and experiences regarding the
paper submissions that tend to be successful, the common problems they see
in submissions, and their best and worst experiences.

o    *Jack Reardon, Hamline University, Editor, International Journal of
Pluralism and Economics Education*

o    *Lynne Chester, University of Sydney, Co-Editor, Review of Political

o    *Chris Brown, Arkansas State University, Editor, Journal of Economic

o    *Matias Vernengo, Bucknell University, Co-Editor, Review of Keynesian

Conference ends at 5:00 PM

*Join us for the next ICAPE Conference at Agnes Scott College in Atlanta on
January 3, 2019, the day before the ASSA meetings.*

Geoff Schneider
Professor of Economics, Bucknell University
Office: 128 Academic West
Address: 1 Dent Drive, Lewisburg, PA 17837
Email: [log in to unmask]
Office Phone: 570-577-1666