Two things marked the evening of our Cakeconomics event: fascinating insights from the speakers and a massive sugar rush.
We had Martin Hess, an academic here at Manchester giving us a mini-lecture based on a theory by G.L. Clark about what characterizes the flow of money around the world. And Simon Edelston, who gave us some geographical indicators that he looks out for as an investment banker.
The main thrust of Martin Hess’ talk was that the way that money flows around the world is consistent with mercury: in clumps and very fast. Symbolising the lightning speed with which transactions take place and the tendency of money and wealth to concentrate and then swiftly move on, which, combined with other factors, throws up problems.
The main thrust of Simon Edelston’s talk was on demographics as an indication of a country’s future success and as such, it’s suitability for investment. Edelston, in some ways contrary to Hess, did overall come out ‘in defence’ of global capitalism. Which was refreshing because it created a little controversy(often little controversy is created at our events).
Much discussion was had over the cake, again constituting a fun and pluralistic approach to economics. Raised in the talks were questions central to the study of economics and yet there was not a formula in sight.
PCES are holding a conference on the 18th and 19th of March(this Saturday and Sunday) on the ‘Big Questions’ of economics. Many high profile and very interesting speakers will be attending.
Tickets are still available, so have a look on the Facebook page. We hope to see you there!