International conference on econimics reformation was held in Budapest, 22nd March. The video of the conference is available at out website.

Five hundred years after Martin Luther nailed his theses to the door of Wittenberg’s Castle Church, the economists and students dissatisfied with economic dogmas pinned their 33 theses to the doors of the London School of Economics. To mark the 33 theses, the Hungarian Economic Association organised an international conference on reformation in economics and economics education on Thursday, 22 March 2018 at ELTE University Congress Centre, jointly with Budapest Institute of Banking Zrt, MNB Department of Corvinus University of Budapest, Eötvös Loránd University Institute of Business Economics, and the Czech, Slovak and Polish economic associations.

Video of the conference:

Economics is a strange science. In fact, some don’t think it’s a science because, as they claim, economics lacks the exactness and clarity of mathematics or physics, which are disciplines governed by clear laws. But let’s see the physycs. Newton’s view of the world was turned upside down by Einstein. And now, the future computers could be based on Schrödinger’s cat and the world of quantum science – said in his opening speech Gyula Pleschinger. The President of the HEA added that the 2007 crisis and the challenges we face, such as climate change, migration-related social changes, a shift of paradigm caused by information technology, and so on – have accelerated progress in economics. Maybe this is why these 33 points were published in the right time and the right place.

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The conference started with a plenary session, with the lectures of Andrew Simms, Co-Founder of New Weather Institute, co-author of the 33 theses; Ha-Joon Chang, Professor of Economics at University of Cambridge, a supporter of the initiative; Ákos Dombi, Head of Department of Comparative Economics, Eötvös Loránd University Institute of Business Economics; and Zoltán Pogátsa, Economist, Associate Professor at University of West Hungary, lecturer at CEU, ELTE and University of Verona. Their slides can be downloaded below.

In the afternoon, the conference continued with two panel discussions. In the firts panel, Bogusław Fiedor, Vice President of the Polish Economic Society, Professor of Economics and former rector at Wroclaw University of Economics; Kamil Galuščák, President of the Czech Economic Society, advisor to the Board of Directors, Czech National Bank; and Martin Kahanec, President of the Slovak Economic Association, founder and Science Director of Central European Labour Studies Institute shared their opinion with the audience. The moderator of this panel was Tamás Halm, Chief Editor of Közgazdasági Szemle, member of HEA’s Board.

The second panel was held on Reformation in Economics and Economic (Tertiary) Education in Hungary, with the participation of Magdolna Csath, Professor Emeritus, Szent István University Faculty of Economics and Social Sciences, Research Professor of the National University of Public Service; István Kónya, Senior Research Fellow at Centre for Economic and Regional Studies, Hungarian Academy of Sciences; László Muraközy, President, Committee on Economics of the Hungarian Academy of Sciences, Professor of Szent István University; László Trautmann, Associate Professor, former Dean of Faculty of Economics at BCE, President of Development Economics Section, HEA; and Barnabás Virág, Executive Director for Monetary Policy and Economic Analysis, Central Bank of Hungary. The moderator of this session was Kristóf Lehmann, Acting Head of MNB Department at Corvinus University of Budapest.

Éva Hegedüs, Secretary General of the Hungarian Economic Association had the closing remarks of the conference.

Just before the conference, the Economic Associations of the Visegrád Group countries signed a Memorandum of their closer cooperation. More information on this availabe here.

DOWNLOADABLE SLIDES

Ha-Joon Chang: Why Do We Need Pluralism in Economics? (pdf)
Dombi Ákos: The rise and fall of the myth on the night-watchman state (pdf)
Pogátsa Zoltán: Neoclassical Economics and Beyond (pdf)