Financial Instability, Austerity and Economic Progress: China as the Mirror Image of the Eurocrisis 

Thursday April 14th, 2016 12:00 pm – 2:00 pm
CFLP 53 Bay State Road, First Floor

The world economy has remained unstable since the global financial crisis of 2008.   The new epicenter of the crisis has been in the Eurozone, while China has arisen to become a new source of global growth.  China too however, is now experiencing a new era of economic transition and instability.  Conventional methods have struggled to make sense of these phenomenon and have thus been lacking in terms of offering coherent policies for stability and recovery.  In this panel, three distinguished economists from across the world shared alternative analyses of stability and recovery in China and Europe in order to help us get a better understanding of some of the most core issues in the world economy.  Rather than drawing on conventional economic approaches, these economists looked at the crises through the lens of such such economists as Hyman Minksy, Josef Schumpeter, Ragnar Nurkse, and more—groundbreaking economists that have fallen out of favor in the United States.

Download the Presentation

Sunanda Sen Presentation

Leonardo Burlamaqi Presentation

Rainer Kattel Presentation (via Prezzi)


Leonardo Burlamaqi, Professor of Economics, State University of Rio De Janeiro, Brazil and Head of Research at MINDS

Leonardo Burlamaqi is an Associate Professor at the Department of Economic Evolution, State University of Rio de Janeiro, a Research Scholar at the Levy Economics Institute— Bard College (New York), an Adjunct Professor at the Graduate Program in Public Policies and Development Strategies at the Federal University at Rio de Janeiro and a member of the International Joseph Schumpeter Society. Previously (2006-2014) he was a Senior Program Officer at the Ford Foundation in New York, directing the Reforming Global Governance Initiative. He has a PhD in Economics, awarded by the Federal University at Rio de Janeiro.


Rainer Kattel, Professor, Ragnar Nurkse School of Innovation and Governance, Estonia

Rainer Kattel is currently visiting scholar at the Earth Institute, Columbia University, and Professor and Chair of Innovation Policy and Technology Governance, Ragnar Nurkse School of Innovation and Governance (RNS), Tallinn University of Technology (RNS). He has published extensively on innovation policy, its governance and specific management issues. His research interests include also financial policy and financialization. His most recent books include the Elgar Handbook of Alternative Theories of Economic Development (co-edited with Erik Reinert and Jayati Gosh; Elgar, 2016) and Financial Regulations in the European Union (edited with Jan Kregel and Mario Tonveronachi; Routledge, 2016). In 2013, he received Estonia’s National Science Award for his work on innovation policy. 

Sunanda Sen, Levy Economics Institute

Sunanda Sen is an economist, currently researching on international finance, development and economic history. She was previously a Professor  in Jawaharlal Nehru University in New Delhi, India and a Visiting Professor at Universities of Barcelona, Grenoble, Surinam, and Paris. Apart from being a visiting faculty member in various universities and research institutes within and outside India, she has been a fellow of different colleges in Cambridge University, a Post-doctoral fellow at Yale University, and a recipient of Joan Robinson Memorial Lectureship at Cambridge. She has also worked with international organizations which include  UNCTAD, ILO, ESCAP, and South Commission. She was elected a National Fellow of the Indian Council of Social Sciences and a Distinguished Fellow, Queens College, Cambridge.

Sunanda Sen has published several articles in reputed journals and books including Development on Trial: Shrinking Space for the Periphery 2013 and Dominant Finance and Stagnant Economies (2014). Her books also include Colonies and Empire: India 1890-1914 (1992); Financial Fragility, Debt and Economic Reforms (edited) (1996); Finance and Development ( 1998) Trade and Dependence: The Indian Experiences.(2000) .Global Finance at Risk: On Instability and Stagnation in World Economy ( 2003);   Globalization and  Development (2007) [Translations in Japanese, 2012]. Un-freedeom and Waged Work: Labour in India’s Organised Manufacturing Industry 2009.

RSVP for this event.