CIBS Conference: The Economics of Post-Factual Democracy – University of Copenhagen

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CIBS Conference: The Economics of Post-Factual Democracy




In the emerging post-factual society in which factual truth and scientific evidence are losing authority, political deliberation becomes detached from reality. But reality is not only a matter of truth and falsity of theories and statements. The grand challenges we are facing in practice are also all too real. The World Economic Forum (WEF) recently announced ten global challenges: food security, inclusive growth, employment, climate change, global finance, the internet, gender equality, global trade, long-term investment, and health care. In particular, misinformation on the web was recently added and "sits at the centre of a constellation of technological and geopolitical risks ranging from terrorism to cyber attacks and the failure of global governance."

To have a fighting chance in the face of these challenges both politics and scientific research must
1) track the facts and be submitted to the test of the real world and
2) address the major real world issues with the practical aim of solving them.

That’s the central question of this international meeting of minds:

How to reconfigure current democratic discourse and the economic system to meet the grand challenges of our time.


February 9, 2017 Main Conference Day 

- a line-up of international keynote speakers

Venue: Carlsberg Academy

S. M. AMADAE, University of Helsinki and MIT - ALEXANDER HEFFNER, Anchor, The Open Mind, Chan­nel Thirteen, PBS - VINCENT F. HENDRICKS (moderator), Professor, Director, Center for Informa­tion and Bubble Studies, University of Copenhagen - WILLIAM H. JANEWAY (*), Managing Director Technology, Media and Telecommunications, Warburg Pincus, London, New York, Visiting Lecturer in Economics at the University of Cambridge - ROB JOHNSON, Institute President, Institute for New Economic Thinking, Senior Fellow and Director, Franklin and Eleanor Roosevelt Institute - DAVID LANDO, Professor of Finance and Director of Center for Financial Frictions (FRIC), Copenhagen Business School - DIDIER SORNETTE, Professor of Entrepreneurial Risks and Finance, ETH Zurich - HENRIK WEGENER, Rector Elect, University of Copenhagen.

(*) William H. Janeway's keynote address is scheduled for Friday, February 10, 2017.

February 10, 2017 Workshop day for graduate students and young scholars
- with the Young Scholars Initiative’s (YSI) three working groups on Innovation, Complexity Economics and Philosophy of Economics.

Venue: Copenhagen University – South Campus

The YSI working groups on ‘Economics of Innovation’, ‘Complexity Economics’ and ‘Philosophy of Economics’ host three workshops with young scholars who will present their research at a one-day workshop following The Economics of Post-Factual Democracy conference in Copenhagen, Denmark. In the afternoon, William H. Janeway will give a keynote talk and YSI will host with a panel discussion between Vincent F. Hendricks, William H. Janeway, and Didier Sornette.

More information about YSI here

Registration

Registration is now closed for the Thursday program
Follow the conference live-stream here

Attending the Friday program is still possible.
Just make sure to send an e-mail to Center administrator Maj Riis Poulsen pjh834@ku.dk about which parts of the Friday program (see below) you wish to attend.

Program

Program Thursday February 9

09:00 – 09:35

Registration, coffee and tea

09:35 – 09:50

VINCENT F. HENDRICKS and MADS VESTERGAARD

Center for Information and Bubble Studies, University of Copenhagen (Denmark)

 

Welcome

09:50 – 10:00

FLEMMING BESENBACHER

Carlsberg Foundation (Denmark)

 

Introduction

10:00 – 11:00

ALEXANDER HEFFNER

The Open Mind, PBS (USA)

 

Civility, Truth and the Future of American Democracy

11:00 – 11:15

Coffee break

11:15 – 12:15

DIDIER SORNETTE

Swiss Federal Institute of Technology Zurich (Switzerland)

 

Diagnostics of Global Financial Markets and Economies: The Cradle of Bubbles – What does it bode for the Future?

12:15 – 13:15

Lunch

13:15 – 14:15

ROBERT JOHNSON

Institute for New Economic Thinking, Eleanor Roosevelt Institute (USA)

 

At Sea without an Anchor

14:15 – 15:15

DAVID LANDO

Center for Financial Frictions, Copenhagen Business School (Denmark)

 

Facts vs. Fiction in Finance

15:15 – 15:30 

Coffee break

15:30 – 16:30

S.M. AMADAE

University of Helsinki (Finland), Massachusetts Institute of Technology (USA)

 

Neoliberalism, Austerity, and Post-Truth Politics:  A Postmortem Inquiry

16:30 – 17:00

HENRIK C. WEGENER

University of Copenhagen (Denmark)

 

A New Mechanism for Independent Scientific Advice in the European Commission

17:00 – 17:05

VINCENT F. HENDRICKS

 

Closing words

17:05 – 18:00

Drinks

Program Friday February 10

08:30 – 09:00

Registration, coffee and tea

Festsalen: 11C.0.08

09:00 – 09:20

CIBS and INET

Festsalen

 

Welcome

09:20 – 09:30

Break/walk to workshops

 

09:30 – 11:00

Workshop Part I: 3 Parallel Sessions

Building 27

 

Track 1

(room 27.1.47)

Track 2

(room 27.1.49)

Track 3

(room 27.0.17)

 

 

Bubbles in Finance, Science and Society

Between Epistemocracy and Post-Truth Society: Providing Expertise in Democracies

Credit Cycles and Financial Bubbles

 

11:00 – 11:30

Coffee break

 

11:30 – 13:00

Workshop Part II: Parallel Sessions

Building 27

 

Track 1

(room 27.1.47)

Track 2

(room 27.1.49)

Track 3

(room 27.0.17)

 

13:00 – 14:00

Lunch Break

Festsalen

14:00 – 15:00

Keynote: WILLIAM H. JANEWAY

Festsalen

 

Institute for New Economic Thinking, University of Cambridge (USA, England)

 

 

Anxieties of Democracy on the Retreat from Globalization

 

15:00 – 15:30

Coffee Break

 

15:30 – 17:00

Panel Discussion

Festsalen

 

Panel members: VINCENT F. HENDRICKS, WILLIAM H. JANEWAY, DIDIER SORNETTE

 

17:00 – 18:00

Social/network event

 

18:00

Dinner

Festsalen

20:00

Party

Festsalen

Detailed Program Workshops

Track 1

(room 27.1.47)

Mentor: WILLIAM H. JANEWAY

09:30 – 10:00

MAX JERNECK How Financialization Impedes Innovation in Low Carbon Industries

10:00 – 10:30

PAULINE DEBANES Government as Limited Partner: Providing Patient Capital or Feeding a Financial Bubble?

10:30 – 11:00

ÁDAM KERÉNYI and JÚLIA MOLNÁR Might the FinTech Boom Become the Next Dot-com Bubble?

11:30 – 12:00

ALIZÉ PAPP Financial Bubbles and the Socio-Historical Foundations of Economic Value

12:00 – 12:30

SPENSER WHEATLEY and GUILHERME DEMOS The Log-Periodic Power-Law Singularity (LPPLS) Model and Statistical Issues in the Estimation of Nonlinear Financial Models

12:30 - 13:00

BRENDAN MARKEY-TOWER Narratives and Chinese Whispers: Ideas and Knowledge in Bubbles, Diffusion of Technology and Policy Transmission

 

Track 2

(room 27.1.49)

Mentor: TBA

09:30 – 10:00

MICHAL GULCZYNSKI Risk of Political Misuse of Research Results: The Case of Poland

10:00 – 10:30

EUGENIO LEVI Hate at First Sight? Dynamic Aspects of the Electoral Impact of Migrations: The Case of UK and Brexit

10:30 – 11:00

ALEXANDER LORCH Post-Truth Management and Responsibility in Business

11:30 – 12:00

MELISSA VARGARA FERNÁNDEZ What do Philosophical Theories Say about Model Failure?

12:00 – 12:30

HENRIK ROELAND VISSER When Economic Facts Constrain Democracy

12:30 - 13:00

PAUL ANDREY Scientificity, Morality and Self-Referentiality in Financial Bubbles Analysis

 

Track 3

(room 27.0.17)

Mentor: DANIEL NEILSON

09:30 – 10:00

DANIEL NEILSON Toward a Radical Pedagogy for Post-Truth Economics

10:00 – 10:30

RASMUS HOUGAARD A Modern Monetary Approach to Understanding Real Estate Bubbles

10:30 – 11:00

JULIUS PROBST Asset Prices and the Functional Distribution of Income

11:30 – 12:00

CARL HENNING RESCHKE To Be or Not to Be – Speculators, Traders, Investors and Bubbles in Lego? Popper’s Logic of Falsification and Mach’s Psychology of Discovery

12:00 – 12:30

DANILO SARTORELLO SPINOLA Development Traps: The Emergence of Chronic Macroeconomic Instability in Fragile Productive Structures