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Association for Evolutionary Economics @ ASSA 2022 and ICAPE 2022

Conference Program

All events and sessions are virtual.  To attend, register for the ASSA conference at

Paper previews may be downloaded from the ASSA website preliminary conference proceedings

For more information about all the sessions at the ICAPE conference, please visit:

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AFEE Annual Board Meeting
Thursday January 6, 2022 5:30 – 10:00 PM (EST)
The AFEE board meeting is open to all members. If you would like to attend, please contact S/T Eric Hake Log into your account to view the email address.

AFEE Annual Membership Meeting
Friday, Jan. 7, 2022 2:30 PM - 3:30 PM (EST)
In addition to our review of the board meeting, members can share their own work or items they would like to raise.  We will recognize the 2022 award recipients and the JEI Editor’s Prize winner. 

Veblen Commons Scholar Award Presentation
Friday, Jan. 7, 2022 6:00 PM - 8:00 PM (EST)
Presiding: Yeva Nersisyan, Franklin and Marshall College
“Wampeters, Foma, and Granfalloons: Monetary Myths and Not-So-Innocent Fraud”
L. Randall Wray, Levy Economics Institute

AFEE Presidential Address
Saturday, Jan. 8, 2022 6:00 PM - 8:00 PM (EST)
Presiding: Charles Whalen, University at Buffalo
“The Origins and Evolution of Consumer Capitalism: The Paradoxes Posed by Continuous Mass Production”
John Watkins, Westminster College



Friday, January 7 2022

COVID-19, Liquidity, and the New Debt Structures
Friday, Jan. 7, 2022 10:00 AM - 12:00 PM (EST)
Chair: L. Randall Wray, Levy Institute and Bard College
JEL Classifications: E4 - Money and Interest Rates, G0 - General

Europe’s Single Resolution Mechanism Is Undermining Member-States’ Capacity to Overcome Financial Turmoil
Mariana Mortágua, University Institute of Lisbon
Izaura Solipa, University of Massachusetts-Amherst

The Evolution of Monetary Policy Focal Points
Alexis Stenfors, University of Portsmouth
Ioannis Chatziantoniou, University of Portsmouth
David Gabauer, Software Competence Center Hagenberg

Keynesian Models of the Long-Term Interest Rate
Tanweer Akram, Citibank

Susceptibility to Anticompetitive Behaviour: An Empirical and Theoretical Investigation of Transaction-Based Financial Market Benchmarks
Lilian Muchimba, University of Portsmouth

Banks during the Pandemic: A Japanese Perspective
Mimoza Shabani, University of East London

The Yield Curve and the Capital Market in Japan
Jan Toporowski, SOAS University of London


Exploitation and Race
Friday, Jan. 7, 2022 10:00 AM - 12:00 PM (EST)
Hosted By: Association for Social Economics & Association for Evolutionary Economics
Chair: Zoe Sherman, Merrimack College
JEL Classifications; B5 - Current Heterodox Approaches, Z0 - General

“Free Labor” and Unequal Freedom of Expression
Zoe Sherman, Merrimack College

The “Black Second”: Intersection between (White) Progressivism and White Supremacy
Robert B. Williams, Guilford College

Housing Exclusion in Westchester County, NY
Laurence F. O’Connell, City University of New York and New School for Social Research

Class and Race: A Broken-Up Couple
Paolo Ramazzotti, University of Macerata

Exploitation and Orthodox Economics. Does Orthodox Economics have a General Term for Income Derived from Harming Others?
Lane Vanderslice, World Hunger Education Service


Crises as Opportunities for Sound Public Policy
Friday, Jan. 7, 2022 12:15 PM - 2:15 PM (EST)
Chair: Timothy Wunder, University of Texas-Arlington
JEL Classifications; B5 - Current Heterodox Approaches, E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

Social Capital and Public Policy: The Role of Civil Society in Transforming the State
Asimina Christoforou, 2022 Clarence Ayres Scholar, Panteion University of Social and Political Sciences

Corporate Capital and (De)Monopolization of Public Health in the USA: An Institutionalist Perspective
Kosta Josifidis, University of Novi Sad
Novica Supic, University of Novi Sad

Operationalizing Modern Monetary Theory, Drawdown, The Green New Deal, "Lettuce Wrap" Economics, and The Orange Economy: An Institutional Approach to Global Climate Change and Other Issues of Ecological Health
Eric Glock , University of Missouri-Kansas City

Can Biden Build Back Better? Yes, If He Abandons Fiscal “Pay Fors”
L. Randall Wray, Levy Institute and Bard College
Yeva Nersisyan, Franklin and Marshall College

A Refundable Tax Credit for Children: Its Impact on Household Debt and Inequality
Steven Pressman, Monmouth University
Robert Scott, Monmouth University

Improving and Integrating the 80-50 Greenhous Gas Standard, Precautionary Principle, and Environmental Impact Statements for Climate Change Crisis Policy Mitigation
F. Gregory Hayden, University of Nebraska-Lincoln


Crises and the Global South
Friday, Jan. 7, 2022 3:45 PM - 5:45 PM (EST)
Chair: Faruk Ulgen, University Grenoble Alpes-France
JEL Classifications; B5 - Current Heterodox Approaches, O0 - General

South-South Cooperation and Dynamic Long-Term Development Financing: Post-GFC and COVID Perspectives
Gaëlle Despierre Corporon, University Grenoble Alpes

Sexual Harassment in Higher Educational Institutions: A Theoretical Understanding Based on a Survey in India
Annesha Mukherjee, Centre for Development Studies-Kerala
Satyaki Dasgupta, Colorado State University

Colombia's Peace Process: A Case Study of a Vexing Society Struggling for Institutional Adjustment
Jairo Parada, 2022 James H. Street Scholar, University of the North

Rai Stones and Banknotes: An Institutionalist Understanding of Micronesian Stone Money
Scott McConnell, Eastern Oregon University

Between Stability and Liberty: China’s Transformation and Its Controversial Impact on the Global South in Times of Crises
Ricardo C. S. Siu, University of Macau

Remaking Economics in the Global South: Mapping the Neoclassical Counterrevolution and Its Consequences to the Pandemic Related Crisis
Howard Stein, University of Michigan
Isabella M. Weber, University of Massachusetts-Amherst


Saturday, January 8, 2022

Can Trade Be Used to Promote Feminist Objectives: Evaluating Recent Innovations in Trade Policy
Saturday, Jan. 8, 2022 10:00 AM - 12:00 PM (EST)
Hosted By: Association for Evolutionary Economics & International Association for Feminist Economics
Chair: Alma Espino, University of the Republic Uruguay
JEL Classifications; F1 – Trade, B5 - Current Heterodox Approaches

Seeking Greater Intersectionality in Trade: Learning from Women with Disabilities
Deborah Stienstra, University of Guelph

Can Human and Labor Rights Commitments in EU Preferential Trade Arrangements Be Used to Eliminate Sexual Harassment of Women Farm Laborers in Agriculture in Kenya, Morocco, and Italy?
Tequila Brooks, TJ Brooks, Esq.

Canada’s Feminist Trade Policy
Erin Hannah, Western University

Gender and Labour Rights in Trade Agreements: The Case of the USMCA
Laura Macdonald, Carleton University


Crises, Instabilities, and Upheavals
Saturday, Jan. 8, 2022 10:00 AM - 12:00 PM (EST)
Chair: Steven Pressman, Monmouth University
JEL Classifications; B5 - Current Heterodox Approaches, E0 - General

Economic Crises and Women’s Experiences in the United States
Janice Peterson, California State University-Fresno 

Income Distribution, Bargaining Power, and Structural Change in Developed Economies
Carlos Aguiar de Medeiros, Federal University of Rio de Janeiro
Nicholas Miller Trebat, Federal University of Rio de Janeiro

Alternative Economic Paradigms to the Greek Financial Crisis
John Marangos, University of Macedonia

Recessions and Policy Responses in the United States à la Kalecki
Erdogan Bakir, Bucknell University
Al Campbell, University of Utah

MMT or Public Enterprises: A Solution for Economic Sustainability
Brian Lin, National Chengchi University

A Black-Swan Shock Exposes the Deep Fissures, Endemic Imbalances, and Structural Weaknesses of the United States Economy
John Komlos, University of Munich


Institutional and Solidarity Economics: Compatible Paradigms
Saturday, Jan. 8, 2022 12:15 PM - 2:15 PM (EST)
Hosted By: Association for Evolutionary Economics & Association for Social Economics
Chair: Gary Dymski, University of Leeds
JEL Classifications; B5 - Current Heterodox Approaches, F0 - General

Restricting Suffrage, Contracting Rights: Variations on Polanyi's "Double Movement"
Ann Davis, Marist College

An Institutionalist Interlocution with Bernard Maris for the Transformation of France's Occitanie
Natalia Bracarense, North Central College and Sciences Po-Toulouse

Land, Remittances, and Transnational Households: Provisioning, Nature, and Neoliberal Fictitious Commodities
Kalpana Khanal, Nichols College
Zdravka Todorova, Wright State University

Identity, Community and Reciprocity: The Commons of Cacahuatepec, Guerrero
Karol Gil Vasquez, Nichols College and Boston University

The Re-embeddedness of the Economy by Minority Women in the Global South
Luciane Lucas dos Santos, University of Coimbra

Towards an Instrumental Money-Credit Form: Consequences, Challenges, Novelties and Possibilities
John Nicolarsen, University of Denver


Post-Keynesian Institutionalism in an Era of Multiple Crises
Saturday, Jan. 8, 2022 3:45 PM - 5:45 PM (EST)
Chair: Avraham Baranes, Elmhurst University
JEL Classifications; B5 - Current Heterodox Approaches, E0 - General

Institutional Theory, Socialization of Investment, and Care-Based Full Employment for Equity and Human Development
Zdravka Todorova, Wright State University

Modern Money Theory as a Foundational Component in Polanyi’s the Great Transformation
Devin Rafferty, Saint Peter's University
Valeria Moreno, Saint Peter's University

Is There an Appropriate Monetary Policy Framework to Achieve a More Equitable Income Distribution? The Fair Interest-Rate Rule versus a Full-Employment Policy
Mario Seccareccia, University of Ottawa
Guillermo Matamoros Romero, University of Ottawa

Post Keynesian Institutionalism and Heterodox Microeconomics
Tae-Hee Jo, State University of New York

Money Manager Capitalism and the Coronavirus Pandemic: A Post-Keynesian Institutionalist Analysis
Charles Whalen, University at Buffalo
Yan Liang, Willamette University

Reshaping ‘Macroeconomic Analysis’ for an Era of Multiple Crises: Insights from Post-Keynesian, Institutionalist, and Stratification Theory
Gary Dymski, University of Leeds
Alexandra Woodford, University of Leeds


Sunday, January 9, 2022

Crises and Institutional Change
Sunday, Jan. 9, 2022 10:00 AM - 12:00 PM (EST)
Chair: William Waller, Hobart and William Smith Colleges
JEL Classifications; B5 - Current Heterodox Approaches, I3 - Welfare, Well-Being, and Poverty

Progressive Path Dependency?
Jacob Powell, Hobart and William Smith Colleges

When Institutions Persist Though Evolutionary Selection Pressure Changes Radically
Ioana Negru, Lucian Blaga University of Sibiu
Wilfred Dolfsma, Wageningen University & Research 

The Political Canon of Money versus Modern Monetary Theory
Ali Tarhan, Non-affiliated

“Talkin' 'bout a revolution” Or, What Economic Ends Are Desirable
Paolo Ramazzotti, University of Macerata

Housing as a Human Right: Alternative Institutional Structures and Covid-19
Eric Scorsone, Michigan State University
Sarah Klammer, Michigan State University

Institutional Change Revisited: A Reconstitutive Dialogue between the Original Institutional Economics and “Late” Douglass North
Konstantinos Loizos, National and Kapodistrian University of Athens and KEPE


Digital and Technological Revolutions: Coming Crises?
Sunday, Jan. 9, 2022 12:15 PM - 2:15 PM (EST)
Chair: Alexis Stenfors, University of Portsmouth
JEL Classifications, B5 - Current Heterodox Approaches, O0 - General

Cryptocurrencies: An Innovation Shaking the Footstone of Modern Money Theory
Hao Cheng, Nanchang University

From the Rule of Thumb to the Rule of the Algorithms
Rodrigo Jeronimo, São Paulo State University
Eric Scorsone, Michigan State University
Sebastião Guedes, São Paulo State University

Third Way to Go: An Update of John R. Commons' Approach
Antoon Spithoven, Utrecht University

Independent and Major Market and Commodity Returns around the Time of Hydraulic Fracking and Horizontal Drilling Revolution
Scott Carson, University of Texas-Permian Basin

Are Competition Policies Still Neoliberal?
David Cayla, University of Angers

The Neoliberal Institutional Framework: Contradiction and Annihilation in Practice
Manuel Ramon Souza Luz, Federal University of ABC
Magda Ribeiro, Federal University of Minas Gerais


Economics Policies of the COVID Era
Sunday, Jan. 9, 2022 12:15 PM - 2:15 PM (EST)
Chair: Rojhat Avsar, Columbia College Chicago
JEL Classifications; B5 - Current Heterodox Approaches, H5 - National Government Expenditures and Related Policies

Geopolitics and Financial Profitability, the Big Pharmaceutical Dispute
Alicia Girón, IIEC-UNAM

Higher Education: How a Neoliberal Policy Exemplar Could Reconfigure the State's Social Provisioning Role
Lynne Chester, University of Sydney

Sustainable Development Goals as a Problem in the Change of Techniques
Massimo Cingolani, Italian Society of Economists

Financialized Classification Systems and Public Policy: An Intersectional and Institutional Approach to Crisis Response
Avraham Baranes, Elmhurst University
Carrie Coward Bucher, Elmhurst University

Secular Stagnation as a Result of Economic Maturity or Deepening Underdevelopment?
Gregorio Vidal, Metropolitan Autonomous University-Iztapalapa
Wesley Marshall, Metropolitan Autonomous University-Iztapalapa

From the Crisis of Financialization to the COVID Crisis: In Search of a Collective Action between Market and State
Faruk Ulgen, University Grenoble Alpes-France


Crisis-Laden Capitalism: Myths, Realities, and Alternatives
Sunday, Jan. 9, 2022 3:45 PM - 5:45 PM (EST)
Chair: Thomas Kemp, University of Wisconsin-Eau Claire
JEL Classifications; B5 - Current Heterodox Approaches, P1 - Capitalist Systems

Lost in Translation: PKI Interpretations of Mainstream Narratives
Timothy Wunder, University of Texas-Arlington

Wealth Inequality, Precariousness, Household Debt, and Macroeconomic Instability
Emek Karakilic, University of Massachusetts-Boston

Our Toxic Bill of Rights
Kurt Keiser, Southwestern College

Removing the Motley Costumes of Neoliberalism in Post-Soviet Eurasia and Welcoming Construction of Economically Democratic Societies
Anna Klimina, University of Saskatchewan

Culture, Institution, and National Policy Responses to the COVID-19 Pandemic
Baban Hasnat, State University of New York-Brockport

Missing Middles and Magical Thinking in Institutional Economics
William Waller, Hobart and William Smith Colleges


Monday January 10, 2022

AFEE @ ICAPE Sessions

For more information about the ICAPE Program, please visit https://icape.org 

2 The dissemination of heterodox ideas (AFEE)
Session 2, Morning Plenary, Monday, January 10, 8:00-10:00 AM (Eastern Standard Time, UTC -5)
Geoff Schneider (Zoom host)

Danielle Guizzo (Chair), U. of Bristol: From Periphery to Core? A History of Post-Keynesian Economics in Latin America

Felipe Almeida and Marindia Brites, Federal University of Parana: The Original Institutional Economics outside U.S.: the Brazilian chapter

Tiago Mata, University College London: Radical economics beyond academia in the long 1980s

Lynne Chester, University of Sydney, Australia: The channels from the campus to advocacy and new understandings of economic life in the long 1980s.

Rebecca Gomez Betancourt, University of Lyon 2-Triangle and Camila Orozco Espinel, IESEG, Management SchoolLille: Feminist Economics: genesis and transformation of a sub-field of economics


3A Heterodox Challenges to the Mainstream (AFEE)
Session 3, Breakout Sessions, Monday, January 10, 10:15 AM-12:15 PM (Eastern Standard Time, UTC -5)
Janet Knoedler, Bucknell University (Zoom host)

Mary V. Wrenn, U. of the West of England (Chair): Multi-level Marketing and Neoliberalism

Svetlana Kirdina-Chandler, Russian Academy of Sciences: The Poverty of Economics in Reactions to Changes: The Need for a New Synthesis?

Rojhat Avsar, Columbia College Chicago: Virtuous markets: why character matters

Maral Mahdad, Valentina Materia and Wilfred Dolfsma, Wageningen University; Ekaterina Albats, Stanford University: Inter-Organizational Collaboration: running through units and levels of analysis with a multi-theory lens

Lane Vanderslice, Academy for Educational Development: Using (and Changing) Orthodox Economics to Understand Harm