session plan

Conference „Money, Crisis & Banking - An Austrian Economics Perspective” – Plan of Sessions Session 1a: Theory of Capital and Interest Carl Christian von Weizsäcker: Böhm‐Bawerks temporale Kapitaltheorie: Ihre Modernisierung und ihre heutige Aktualität Ulrich van Suntum & Tom Neugebauer: Böhm-Bawerk meets Keynes – what does determine the interest rate, and can the latter become negative? Matthias Erlei: Financial Crises from the Perspective of Austrian Business Cycle Theory Hendrik Hagedorn: A Theory of Interest Gunther Schnabl: Austrian Business Cycle Theory and Asymmetric Macroeconomic Policy Response Patterns

Session 1b: Banking Lachezar Grudev: ECB´s dangerous game of digging holes in the ground and then filling them up Romain Baeriswyl: 100 percent reserve banking system: fixed or flexible? Petr Koráb & Jitka Poměnková: Determinants of Financing Constrains of SMEs in the Eurozone: Evidence from the Financial Crisis Leef H. Dierks: The European Banking Union from an Austrian Economics’ Perspective: Further Depriving the Market of its Coordination Function

Session 1c: Monetary Policy Jakub Jedlinský: Currency systems and their role in entering and leaving the economic crisis Dominik Stroukal & Herbert Heissler: Bitcoin and the End of the Booms and Busts of the Business Cycle Michal Střecha: Structure and attitude to the public debt as an origin of the financial crises Lorenz Meyenburg: ‘Euro Disease equal to Dutch Disease’?

Session 2a: Austrian Ideas as Engine of Change Dagmar Schulze Heuling: Smart Ideas and Power. How Austrian Economics Can Foster Institutional Change Daniel Fallenstein: Value is in your Mind — A Proposal to spread Austrian Economic Literacy through Culture Igor Uszczapowski: The Paradox of Freedom – Austrian Thought and the Crisis of Liberalism

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Session 2b: Regulation Ideas Katja Galkova: The origin and consequences of financial crisis. Are liabilities in the financial sector set at the right level to prevent the next financial crisis? Kalle Kappner & Carsten Schwäbe: The Hayekian Knowledge Problem and the need for collective action – a pragmatic approach to the scope and limits of regulation Marius Kleinheyer: The Chicago Plan Revisited: An Austrian Critique

Session 3a: Rationality and Crises Marek Hudik: What does the Rational Choice Theory attempt to explain? Catherine Herfeld: The Economist's Persisting Commitment to Methodological Rationalism Jens Harbecke: Rational Choice Theory and the Metaphysics of Causation Alexander Fink: Meanings of Rationality in Economics

Session 3b: The Financial Crisis in China, Japan and Central Eastern Europe Raphael Fischer & Gunther Schnabl: Regional Heterogeneity, Aging Society and the Rise of Public Debt in Japan in the Post-Bubble Crisis Andreas Hoffmann: Why Do Low Interest Rates not Cause a Credit Boom in Central and Eastern Europe? Björn Urbansky: Spontaneous Order and Economic Developments in China and Japan from a Historical Perspective

Session 4a: Critique of Austrian Ideas Arash Molavi Vasséi: The Austrian Business Cycle Theory: A Misleading Perspective on the Financial Crisis Stefan Kolev : On the Spontaneity of the Spontaneous Order Raimund Dietz: Catallactics, money and the economic system – a Simmelian approach

Session 4b: Historical Aspects Wilhelm Rabenstein: Die Geldtheorie nach Carl Menger im Vergleich zum heutigen ungedeckten Geldsystem Joseph Schwarz: The Austrian School of Economics and the Rise of German Ordoliberalism and the “Social Market Economy”, 1914-1948 Eduard Braun: Low Interest Rates Combined with Fair-Value Accounting – What We Could Have Learnt From the German Crisis of 1873?

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