Posted in Advocacy, ASPO, Event, Ireland on November 7, 2011|
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ASPO Ireland has invited Australian economics professor, Dr. Steve Keen, to Dublin to give a series of lectures as part of his global tour to support the recent publication of a revised edition of his book ‘Debunking Economics‘.
His visit is already generating debate over on the IrishEconomy website.
During his trip he will be presenting at several events:
TASC Economists (4:30pm Tuesday 15th)
ASPO Ireland/Feasta (7pm Tuesday 15th)
IIEA Economics group (open event) (11am Wednesday 16th)
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Morning Seminar – Oct 10th – National Gallery, Dublin 10am
Assessing the Risks
Energy Security and the Global Economy
Dr. Roger Bentley [slides]
Prof. Robert Ayres [slides]
Dr. Michael Kumhof [slides]
Following up on our June seminar Energy Security and Competitiveness in a Rapidly Changing World, our next seminar expands on the recent warning from the IMF, published in their April 2011 World Economic Outlook, on the risks of oil scarcity to the global economy.
Access to affordable, reliable, and sustainable energy is a matter of national security, particularly so for a state such as Ireland, heavily dependent on increasingly expensive imported fossil fuels. Since the last seminar we have seen the unprecedented release by the International Energy Agency of their strategic oil reserve in an attempt to ease pressure on rising prices, further oil price volatility, and continuing economic stagnation in Europe and the US.
Dr. Michael Kumhof, a Deputy Chief at the International Monetary Fund will present his latest research on energy augmented macroeconomic models which formed the basis of Chapter 3 of the IMF’s April World Economic Outlook, entitled ‘Oil Scarcity, Growth, and Global Imbalances’. This work is a noteworthy departure from classical economic growth modeling methodologies. He will be joined by Dr. Robert Ayres (INSEAD) and Dr. Roger Bentley (UK ERC), whose respective work on the role of energy in economic growth and oil production forecasts, were referenced in the IMF study.
This seminar will highlight how
- traditional models of economic growth exclude energy as a factor of production
- present a new model incorporating energy as a factor of production (Ayres)
- present an overview of a comprehensive study of future oil production forecasts and their attendant risks (Bentley)
- an updated IMF model for economic growth incorporating oil and considering different future availability scenarios (Kumhof)
ASPO Ireland has teamed up with SEAI, who will host the event.
Attendance is free and we advise you to book early to avoid disappointment
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