PE Seminar Series | The Relevance of the Financial Crisis

22 March, 2018
4:00pm - 5:30pm

Abstract:

The financial crisis was driven by two separate events; first, a crisis of profitability in conventional banking in the 1980s, resolved by restructuring the banking industry; and second, by the huge shift in income distribution towards the top (the 1%) over the neoliberal era. The juxtaposition of these two explains why the crisis broke out in wholesale money markets, where those with bonds who need cash meet those with cash who need bonds. This remains relevant as little has changed.

 

About the speaker:

After school in Leeds, Simon Mohun read Politics, Philosophy and Economics as an undergraduate at Balliol College, Oxford (1967-70). Following his BA, he remained at Balliol for the BPhil in Economics (1970-72). After a fixed term one year Lectureship in Economics at the University of Southampton (1972-3), he was appointed as Lecturer in Economics at Queen Mary in September 1973, where (apart from periods of leave) he has remained. Simon gained his PhD from London University in 1990, and was promoted to Senior Lecturer in 1991. He spent the second half of the 1990s as Head of the Department of Economics. After a subsequent period of leave, in 2002 he transferred to the newly created Centre for Business Management, now the School of Business and Management at Queen Mary, where he was promoted to a chair in Political Economy in 2005. Simon retired from Queen Mary at the end of March 2011 to concentrate on my research, and was appointed Emeritus Professor of Political Economy.

Simon has also taught at the Graduate Faculty of the New School for Social Research, American University, the University of Sydney, Shanghai University and Kingston University.

Location: Merewether Seminar Room 498, Butlin Avenue, University of Sydney