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Second Session of the “ierp Round Table” on February 06th 2019

The “ierp Round Table” is an open discussion forum mainly on sustainability issues, which was founded in the context of the Institute of Economic Research and Policy (ierp) by Joshua Henkel, Philip Kerner, Tilo König, Daniel Töbelmann and Tobias Wendler.

The forum shall serve as a platform to discuss relevant topics and aspects of economic sustainability. Thereby, complex theoretical as well as practical circumstances are to be debated and vital extensions and adjustments are considered. The discussion offers the opportunity to integrate approaches from a variety of disciplines (e.g. biology, sociology, economics) and to reflect them critically. Thematic basis of the sessions might be scientific articles as well as books or other scientific sources that are announced beforehand. In order to bring all participants on the same level, the chosen topic is explained by two members in the beginning, followed by an open discussion with all participants.

Interested participants are always cordially welcomed to the “ierp Round Table” session!

The second session takes place on 06.02.2019 at 18:15 in room F 2340 in building WiWi2 (Max-von-Laue Str.1, 28359 Bremen).

Contact: tobias.wendlerprotect me ?!uni-bremenprotect me ?!.de or kernerprotect me ?!uni-bremen.de.

 

Topic on February 06, 2019: Interest and Growth – a zero interest rate as a necessary condition for a steady state?

In this session we want to discuss, based on an essay by Dirk Löhr, the position of the heterodox economic approach of monetary and land rights reform. The fundamental question is the relationship between the interest rate and growth dynamics, considering under which conditions economic growth can be replaced by a “steady state”. Core aspects of the discussion will be the “golden rule of accumulation” (Phelps) as well as the liquidity premium. Löhrs reasoning will be followed in detail and critically discussed.

 

Suggested literature

Löhr, Dirk 2010: Nullwachstum und Nullzins – Renaissance einer alten Idee. In: Zeitschrift für Sozialökonomie 47 (166/167), 3-20

 

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