Guest Lecture

Vivekananda School of Economics organized a Guest Lecture on 13th September 2018 by honorable, Dr. Arindam Banerjee, Associate Professor – Ambedkar University, Delhi. Sir was invited to enlighten the students on the topic “Financial crisis and its aftermath: the future of globalization.”
Dr. Arindam Banerjee is an Associate Professor in Economics at School of Liberal Studies, Ambedkar University, Delhi. He has completed his doctoral degree from the Centre of economic studies and planning, Jawaharlal Nehru University working on the agrarian relations in India under neo – liberalism.

The eruditions from Sir’s lecture.

Sir explained why the financial crisis of 2008, the triple crisis- financial, food and fuel or oil crisis, due to which the money supply increased and the value of dollar depreciated is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s and how the state came back to play a big role in the banking sector and wrote its return after 2008.
All this was linked to the question of de- globalization in the light of BREXIT, the impending withdrawal of the UK from the European Union. The lecture was concluded on the point that the financial economy expands at a much higher pace than the real economy, and pushes up the prices of the real assets are the basis of those financial derivatives. Therefore, we are just waiting for another commodity where financial capital could grow and boom. In case such a commodity is not found we would be vulnerable to financial derivatives.
Quotes from the attendees:
“ I feel a new sense of purpose towards my career in economics. I’m motivated to work even harder and want to be passionate about my field. Thank you sir for inspiring me so much.”
“ It was great to hear him, about the pitfalls of the economy and the growing of crisis and also knowing about globalization. Now, I feel much more confident about my knowledge under this head, thanks for the lecture given today,”

And other great responses and feedbacks were recorded from the students.