*https://www.eshet-conference.net/liege*
*Call For Paper
26^th Annual ESHET Conference*
The 26^th Annual Conference of the European Society for the History of
Economic Thought (ESHET) will take place in Liège on 1–3 June 2023.
Proposals for papers or sessions on all aspects of the history of
economic thought are welcome.
An abstract of about 400 words for a paper and 600 words for a session
should be submitted on the conference website no later than *31 March
2023*. Decisions will be notified by *14 April 2023.*
Note that:
a) published papers are not eligible for submission; b) only one
conference presentation is allowed per person (but more than one
submission may be accepted, if involving co-authors who are also
presenting); c) session proposals must conform with standard format (3
papers, 90 minutes).
*Theme of the Conference*
* Fifteen years after the Global Financial Crisis:
Recessions and Business Cycles in the History of Economic Thought*
The Global Financial Crisis and its aftermath seriously questioned the
models put forward by mainstream macroeconomics to deal with business
cycles. These models – labelled Dynamic Stochastic General Equilibrium
(DSGE) – were in particular unable to account for the large, and
highly persistent, drop in real activity which characterized the Great
Recession. The first response to this challenge was to incorporate
significant financial frictions into otherwise standard DSGE models.
Some macroeconomists, however, called for a more significant departure
from the existing paradigm in order to accommodate the kind of
amplifying mechanisms notably suggested by Irving Fisher and Hyman
Minsky.
Before Keynes’s /General Theory/ (1936), providing an explanation for
the business cycle – and especially for its upper turning point,
namely the ‘crisis phase’ – was a central concern in economics. A
well-known outcome of the publication of Keynes’s book was to shift
the attention of authors away from business cycle fluctuations, and
toward the determination of the short-run equilibrium level of
employment and income. Business cycle analysis had to wait until the
seminal contributions of Lucas (1975) and Kydland and Prescott (1982)
to come back to the center stage of economic research. In the
meantime, the great stability characterizing the postwar period had
led both economists and policymakers alike to believe that the
business cycle could be eliminated thanks to well-designed monetary
and fiscal policies. More recently, the so-called ‘Great Moderation’
area (spanning from 1984 to 2008) seemed to hold out the same promise.
At the end of both episodes, however, the business cycle came back
with a vengeance.
Special attention will be granted to proposals that aim to explore how
economists have explained the business cycle phenomenon in general,
and its crisis phase in particular, and the kind of policy proposals
they have formulated to stabilize cyclical movements. Purely by way of
example, without claiming to be exhaustive, we indicate some of the
problematic areas that seem to us most directly involved in the theme
of the conference:
– Are modern explanations of business cycle fluctuations radically
different from those of the 1930s?
– To which extent the different crises and recessions of the last
hundred years have sharpened our understanding of the business cycle
phenomenon?
– According to economists, what have been the most important shocks
hitting the economy? What have been the main propagation mechanisms of
these shocks?
– To which extent a synthetic approach to the business cycle (such as
attempted by Haberler in /Prosperity and Depression/ 1937) has been built?
– Is DSGE modeling consistent with old explanations of business cycle
fluctuations?
– What have been the main policy measures advocated to stabilize the
economy?
– What was the influence of the policies conducted during the Great
Depression on the policies conducted during the Great Recession?
*Scientific Committee *
Lionel Artige, HEC Liège
Vladimir Avtonomov, HSE University Moscow
Mauro Boianovsky, Universidade de Brasilia
Pierrick Clerc, HEC Liège
Muriel Dal Pont Legrand, Université Côte d’Azur
Michel De Vroey, UCLouvain
Pedro Garcia Duarte, INSPER Institute of Education and Research
Ivo Maes, National Bank of Belgium
Francesco Sergi, University of Paris Est Créteil
*ESHET YOUNG SCHOLARS’ SEMINAR 2023*
ESHET invites young scholars – persons currently enrolled in a PhD, or
who have been awarded a PhD no more than two years prior to the date
of the relevant ESHET conference (and regardless of age) – to submit
their work to the Young Scholars Seminar to be held on the occasion of
the ESHET Conference in Liège, 1 – 3 June 2023. Papers co-authored by
PhD supervisors or other senior researchers are not eligible. The
grants for the scholars selected to the Young Scholars Seminar are
sponsored by the European Journal of the History of Economic Thought.
Up to six submissions will be selected: The travel expenses will be
covered up to €300, the accommodation costs up to €80/night for three
nights, and no registration fee will be charged. Moreover, the grantee
scholars will be invited to the conference dinner. The authors of the
selected papers will have 20 minutes each to present the paper, and a
senior scholar will discuss it. Papers may be on any topic relevant to
the history of economics and are not restricted to the conference theme.
ESHET encourages young scholars to participate in the conference. A
one-year ESHET membership is offered to all young scholars who submit
a paper. Papers that have not been selected for the grant will be
considered for presentation at other ESHET 2023 conference sessions.
Candidates should e-mail a paper no longer than 9000 words to
Professors CATHERINE HERFELD ([log in to unmask]), MARIO CEDRINI
([log in to unmask]), and PIERRICK CLERC
([log in to unmask]) by *31 March 2023.*
Please include documentation of your (and your co-authors) position
vis-à-vis your PhD and indicate in the subject of your e-mail: For
Young Scholar Seminar.
Decisions can be expected by *14 April 2023.*
--
Sylvie Rivot
Professeur des Universités
Faculté de marketing et d'agrosciences, Université de Haute-Alsace
Vice-Présidente recherche et formation doctorale, Université de Haute-Alsace (https://www.uha.fr)
Membre du BETA, Université de Strasbourg
(http://www.beta-umr7522.fr)