HOW TODAY'S RECESSION AFFECTS TOMORROW'S ECONOMIC GROWTH: A PANEL DISCUSSION
THE LONG-TERM CONSEQUENCES ON LABOR AND PRODUCTIVITY, R & D, AND CAPITAL INVESTMENT
Presented by the Schwartz Center for Economic Policy Analysis at The New School for Social Research
Wednesday, November 9, 2011 |
| WHAT: |
As Americans struggle though the greatest economic calamity since the 1930's, we ask, what will today's recession do to tomorrow? For too long, economists have assumed that once an economy is deemed "recovered," recessions take no future toll. Unfortunately, this view is not supported by either theory or evidence. Deep recessions have the potential to significantly reduce future output by undermining the quality of labor, delaying capital investment, and postponing or eliminating research and development. In fact, depressed markets may become so entrenched that they cannot correct themselves.
On November 9th, SCEPA Senior Fellow Jeff Madrick will host a discussion with distinguished economists on the permanent, long-term losses caused by deep recessions and propose immediate policy options to stem future losses. |
| WHO: |
Lawrence Ball, Professor of Economics, Johns Hopkins University
William Dickens, Distinguished Professor of Economics and Social Policy at Northeastern University
Till Marco von Wachter, Assistant Professor of Economics, Columbia University
Bruce Greenwald, Robert Hielbrunn Professor of Finance and Asset Management, Columbia University
Jeff Madrick, Senior Fellow, Schwartz Center for Economic Policy Analysis, The New School for Social Research (moderator) |
| WHEN: |
6:00 - 8:00 P.M., Wednesday, November 9, 2011. |
| WHERE: |
6 East 6th Street, Wolff Conference Room, 11th floor, Room 1103 |
| TICKETS: |
Free. Click here to RSVP, or email [email protected] |
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