Department Sponsored Seminars
The Economics Department regularly holds seminars on various topics including money, value theory, philosophy and methodology,
and political economy.
Seminars are generally held during the Fall and Winter semesters most Fridays from 3:00 to 5:00 p.m. in Haag Hall,
Room 301 (please note, the room has changed from previous semesters). For previous seminars,
Winter/Spring Semester 2010
January 22nd, 2010
Panel on Methodology:
Professor Lee - panelist
Professor Eaton - panelist
Professor Webb - Commentator/Moderator
Questions to be Addressed by each Panelist:
Natural sciences seem to have the capacity for increasingly accurate and detailed descriptions of the
processes occurring within the subject matter of the particular natural science discipline. Mechanisms of
causation become better understood, facilitating prediction in some cases and the possibility of intervention
and control in some cases. Economics (and social sciences generally) do not seem to have such a progressive
Each panelist is asked to address the following questions within a twenty minute period:
- What is the greatest problem facing Economics (and social sciences generally) in becoming a more
effective, more informative empirical science?
- What does your own particular approach to empirical work in economics do to correct the problem you cite?
- What else - if anything - is needed to complement or supplement your particular approach to empirical economics?
January 29th, 2010
Guest Lecturer Marc Lavoie
(sponsored by the Economics Club)
The first part of this talk will consist of a simple presentation of a Kaleckian model of growth and distribution
and then a brief discussion of the debates surrounding this model among Kaleckians, Marxists and Neo-Ricardians--
particularly as regards the role of capacity utilization. The second part of the talk will then relate this
approach to what Prof. Lavoie calls the "Wall Street" view on the role of money and finance in the growth
process. His talk will be based on the following papers.
Professor Lavoie will also be giving an intensive day-long seminar on Saturday, January 30th, on stock-flow
consistent modeling approaches in economics. For more information, visit
the Economics Club events page.
February 5th, 2010
February 12th, 2010
"The SSC Approach to Interdisciplinary Social Science,"
Presented by Prof. Bowles, Director of the Social Science Consortium.
Note: The Social Science Consortium Awards presentations will be given prior to the
Interdisciplinarity seminar at 1:00p.m. and in Cockefair Room 104.
February 19th, 2010
February 26th, 2010
Guest lecturer Mary King (Portland State University) presenting "Aqui y Alla: Mexican Woman,
Migration and Work on Both Sides of the Border".
Professor King will give a second lecture on Saturday, February 27th from 1-3pm (Flarsheim 310) on
"The Economics of Empire and War: or, How Economists of the Past can Help Us Make Sense of our Present Situation."
For more information, see the flyer.
March 5th, 2010
The general topic of methodological issues in econometrics continues.
- Webb on logic of empirical investigation
- Black on Use of econometrics for purposes of financial regulation
- Frank Lenk, drawing on his experience in modeling for MARC.
Reading: Philosophy of Science and Econometrics
March 12th, 2010
”Open Mike“ session.
Potential topics of interest include but are not limited to:
For more information on the Interdisciplinarity Seminar see the flyer.
- Competing views of interdisciplinarity (multidisciplinarity, transdisciplinarity, IDS vs IDR, etc)
- The philosophy of interdisciplinarity
- The (presumed?) value of interdisciplinary study
- Challenges to interdisciplinarity
- The possibilities for interdisciplinarity across major divisions (natural sciences, social sciences, humanities)
- Graduate and undergraduate interdisciplinary study here at UMKC or elsewhere
- Pros and cons, challenges and successes, of the UMKC IPhD program
- Alternative approaches and programs
- Future direction of the seminar
March 26th, 2010
For the final Seminar in Political Economy of the semester Professor Olsen will be presenting his paper,
"Class Conflict and Industrial Location"
Friday at 3pm, in Haag Hall room 301. As always, the seminar is open to the public.
The abstract for the paper is given below and a longer version of the paper is available upon request.
Abstract: This paper examines the effect of class conflict on industrial location both theoretically and
empirically. It demonstrates that there is a sound theoretical basis and empirical support for the conclusion
that U.S. industries have chosen to abandon agglomeration and scale economies in order to secure a distribution
of income that favors capital at the expense of labor. The decline of the U.S. manufacturing belt is examined
with reference to union density, bargaining power, and the effects that large-scale production plants have on
these factors. The meat packing industry in the post-war U.S. serves as a case study to establish the
specific ways that class conflict has shaped the scale profile and geographic distribution of production
plants. The paper builds upon the class conflict approach to urban and regional economics pioneered by
Matthew Edel and David Gordon and aims to demonstrate its explanatory power.
April 9th, 2010
April 23rd, 2010
The program, titled “Exploring Interdisciplinary Connections in Law, Political Science, and Economics,” will
feature presentations by Professors David Atkinson (Political Science and Law) and Bill Black (Economics and
Law), followed by open discussion.
Please note that the time and location are different from other Friday Seminars: we will meet from
1:00 to 3:00 pm in Room 104, Cockefair Hall.
For further information see the flier.
April 30th, 2010
Guest Speaker: Professor Michael J. Radzicki
Professor Radzicki will be speaking on “
Computational Modeling and Heterodox Economics”, Friday, April 30th,
in Haag Hall 301, 3-5p.m.
In addition to the Friday seminar, Dr. Radzicki will give a lecture on
“Building a System Dynamics Model - A Primer” on Saturday, in
the Education Building, Room 118, from 10a.m. to 1p.m.
Michael J. Raczicki is Associate Professor of Economics at Worcester
Polytechnic Institute. His research is primarily aimed at combining
Post Keynesian economics and Institutional econonomics with cognitive
psychology and computational modelling methods to create a more powerful
form of heterodox economics.
For further information see the flier.