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01: Hayek vs Keynes: The Most Important Liberal Economists

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Hauptschule
Breakout / Working Group
german language

The Great Depression in the 1930s and the following decades were strongly influenced by the dispute between Friedrich August von Hayek and John Maynard Keynes. Hayek saw the crisis as a catharsis and advised against intervening in the free markets. Keynes thought that stabilisation policies and strong political institutions applying, for example, stricter regulations to the financial markets were required to overcome mass unemployment. In the financial crisis period since 2007 the ideas of the two most important liberal economists of the 20th century have been under discussion again. What would Hayek and Keynes recommend today?

Chair of Economic Theory, Universität Hohenheim, Stuttgart
Head, Department of Economic Policy, Vienna Chamber of Labour, Vienna
Professor for Economic Policy and International Economics, University of Leipzig
Independent Economic Researcher and University Lecturer, Vienna
Head, Department of Economics and Statistics, Austrian Federal Chamber of Labour, Vienna

Dr. Harald HAGEMANN

Chair of Economic Theory, Universität Hohenheim, Stuttgart

Diploma, University of Kiel PhD, University of Kiel (1978 Best Dissertation Award) Professor of Political Economy, Free University of Berlin Professor of Economics, University of Bremen Professor of Economic Theory, University of Hohenheim, Stuttgart Visiting Professor, Department of Economics, University of Cambridge
1972
1977
1980-1981
1982-1988
since 1988
1989-1990
 Visiting Professorships at the Universities of Bologna, EAFIT (Medellin), Graz, Linz, Lyon II, Nice, Paris 1 Pantheon-Sorbonne, Strasbourg, Sydney and WU Vienna University of Economics and Business

Mag. Christa SCHLAGER

Head, Department of Economic Policy, Vienna Chamber of Labour, Vienna

Economics Department, Vienna Chamber of Labour, Vienna
 Studies, Vienna University of Economics and Business, Vienna
 Studies, Economics, Copenhagen Business School, Copenhagen
since 1999

Dr. Gunther SCHNABL

Professor for Economic Policy and International Economics, University of Leipzig

Ph.D. and postdoc,Tübingen University, Stanford University, Catholic University Leuven Advisor, Directorate General International and European Relations, European Central Bank Member, CESIfo Research Network Consultant, European Central Bank
1995-2004
2005
since 2006
2006

Mag. Dr. Stephan SCHULMEISTER

Independent Economic Researcher and University Lecturer, Vienna

Research Fellow, Austrian Institute of Economic Research, Vienna Post-graduate studies, Bologna Center, Johns Hopkins University, Bologna Visiting Scholar, New York University Visiting Scholar, Wissenschaftszentrum Berlin Visiting Scholar, University of New Hampshire Lecturer of Economics, University of Vienna and WU Vienna University of Economics and Business
1972-2012
1974-1975
1982
1986-1987
1988-2005
since 2006

Dr. Markus MARTERBAUER

Head, Department of Economics and Statistics, Austrian Federal Chamber of Labour, Vienna

Universitätsassistent, Institut für Volkswirtschaftstheorie und -politik, WU (Wirtschaftsuniversität Wien) Konjunkturreferent, Österreichisches Institut für Wirtschaftsforschung (WIFO), Wien
1988-1994
1994-2011

Economic Symposium

show timetable

26.08.2014

12:00 - 12:10 Opening Plenary
12:10 - 13:40 New Goals for the Economy Plenary
14:10 - 15:40 The End of Conventional Wisdom Plenary
15:40 - 16:00 Political Corner Plenary
16:30 - 17:30 Umverteile und herrsche. Wem gehört der Wohlstand? Partner
18:00 - 19:30 Learning from the Care Economy Plenary
19:30 - 20:30 Smart Blue Hour Social
20:30 - 21:45 Cello Goes Tango or Cello Goes South America Culture

27.08.2014

06:00 - 06:45 14th management club Business Breakfast “Österreich braucht Europa” Partner
07:00 - 08:10 Global Division of Labour – How Can Europe Prosper? Plenary
09:00 - 11:30 Breakout Session 08: Work to Live, or Live to Work? – Changing Working Environments Breakout
09:00 - 11:30 Breakout Session 07: Re-Industrialisation Breakout
09:00 - 11:30 Breakout Session 02: A New Economic and Competition Model for Europe Breakout
09:00 - 11:30 Breakout Session 10: The Future of Corporate Learning – What Makes Businesses Successful? Breakout
09:00 - 11:30 Breakout Session 06: Clash of Generations – Corporate Cultures Put to the Test by New Working Environments Breakout
09:00 - 11:30 Breakout Session 01: Hayek vs Keynes: The Most Important Liberal Economists Breakout
09:00 - 11:30 Breakout Session 09: Putting User Innovation to Work Breakout
09:00 - 11:30 Breakout Session 05: US Focus Back on Industry – Blessing or Curse for Europe? Breakout
09:00 - 11:30 Breakout Session 03: Critical Success Factors of Entrepreneurial Education Breakout
09:00 - 11:30 Breakout Session 04: Intellectual Property – A System at the Crossroads? Breakout
10:10 - 10:30 Political Corner Plenary
11:30 - 12:30 Lunch Reception Social
12:30 - 15:00 Breakout Session 16: Business Development Based on Design Thinking Breakout
12:30 - 15:00 Breakout Session 17: The Key to Innovation – People, Mindset, Technologies Breakout
12:30 - 15:00 Breakout Session 14: Good Is the Enemy of Great – What Distinguishes Leading Enterprises from Others? Breakout
12:30 - 15:00 Breakout Session 13: Schengen for Data: What Is Necessary, What Is Feasible? Breakout
12:30 - 15:00 Breakout Session 15: Room for Creativity Breakout
12:30 - 15:00 Breakout Session 12: Inequality Before and After the Financial Crisis Breakout
12:30 - 15:00 Breakout Session 20: From Wallet to Smartphone – Challenges and Opportunities of the Digital World of Finance Breakout
12:30 - 15:00 Breakout Session 18: Sharing Economy – Cooperatives in the 21st Century Breakout
12:30 - 15:00 Breakout Session 19: The Economic Future of Europe Breakout
12:30 - 15:00 Breakout Session 11: The EU’s Energy and Climate Policy – A Threat to Our Industries? Breakout
16:00 - 17:30 Peter Drucker Special Lecture: Property or Communities? The Upcoming Challenge for Companies Plenary
19:00 - 20:00 Don’t Mind the Gap Culture
20:00 - 22:00 Magenta Night Social

28.08.2014

06:00 - 07:00 Breakfast Club 01: In Conversation with: Alexa L. Wesner Partner
06:00 - 07:00 Breakfast Club 02: In Conversation with: Franz Fischler Partner
06:30 - 07:00 “Kater” Breakfast Partner
07:00 - 08:00 The Economy According to the Media Plenary
08:00 - 08:30 Cooperation in Europe Plenary
09:00 - 10:20 Europe’s Economy and the Next Generation Plenary
10:20 - 10:30 Closing Plenary
20:00 - 21:30 Brunnhilde – DJanes Night Culture