WHEN: Wednesday, October 26, 2011, 12:30-1:30 p.m.
WHERE: Global Development and Environmental Institute, Tufts University, 44 Teele Avenue, 3rd Floor Conference Room, Medford Campus
In the wake of the global financial crisis, Keynesianism has had something of a revival. In practice, governments have turned to Keynesian policy measures to avert economic collapse. In the theoretical area, mainstream economists have started to give grudging attention to Keynesian perspectives previously dismissed in favor of New Classical theories. This theoretical and practical shift is taking place at the same time that environmental issues, in particular global climate change, are compelling attention to alternative development paths. Significant potential now exists for “Green Keynesianism” — combining Keynesian fiscal policies with environmental goals. Jonathan Harris, Senior Research Associate at GDAE, will discuss the possibilities and pitfalls of this new perspective.