A Webinar In Honour Of Marc Lavoie And Mario Seccareccia
Video recording of a great virtual conference in honour of the two great economists from 🇨🇦 hosted by Louis-Philippe Rochon.
In the end, Mario says that he has worn a tie only twice before this!
🎉
There’s also a two-volume set of 📚 written by various economists across the 🌐
There will be a webinar on Aug 22nd in honour of Marc Lavoie and Mario Seccareccia. The details are available on a special Facebook page for this.
There are two volumes of essays in their honour. Links:
In addition, there’s a new book (forthcoming) with selected essays of Marc.
Image from Louis-Philippe Rochon
Hassan Bougrine and Louis-Philippe Rochon have edited two volumes of essays in honour of Marc Lavoie and Mario Seccareccia!
Publisher’s pages for the books:
Volume 1
Volume 2
The contents of the two books are available in the links to the publisher’s website above.
Cover images credits: Louis-Philippe Rochon on Twitter.
Mario Seccareccia and Marc Lavoie — Central Banks, Secular Stagnation, And Loanable Funds
Mario Seccareccia and Marc Lavoie comment on Larry Summers’ recent shift on his view of fiscal policy:
… At the time [2013], however, he still sought to explain this new normalcy of secular stagnation in terms of interest rate rigidity.
Now, however, he seems to have abandoned that view altogether and has embraced Keynesian and post-Keynesian ideas originating with the General Theory. For instance, nowhere in the article by Summers and Stansbury is there mention of the negative natural rate as the explanation for an incapacity of central bankers to deal with secular stagnation. Is that because he has now abandoned the loanable funds theory, which remains at the core of mainstream thinking and to which he had previously subscribed? Nor do he and his coauthor suggest now that activist fiscal policy to combat secular stagnation is needed as a temporary measure to kick-start an economy stuck in a liquidity trap.