JSPE 56th Annual Conference 2008

Call for Papers

JSPE 56th Annual Conference, 2008,


Subprime Shock and the Future of Global Capitalism

To be held on October 25-26, 2008, at Kyushu University, Fukuoka, Japan


The 56th annual conference of the JAPAN SOCIETY OF POLITICAL ECONOMY (JSPE) will be held on October 25 (Saturday) and 26 (Sunday), 2008, at Kyushu University, Fukuoka, Japan. As stated above, the theme of the plenary session in this conference will be: Subprime Shock and the Future of Global Capitalism. With this theme, focusing on the global financial crisis caused by the subprime mortgage fiasco in the United States since the middle of 2007, we intend to analyse the causes and risks of the subprime shock and what the extent of the ripple effect it will have through the world-wide economy. Through analysing this subprime mortgage crisis from multifaceted perspectives, we try to clarify where Global Capitalism is now and where it is going.

As of now, prospects for the impact on the world economy caused by the subprime shock are unclear. Indeed, there are two competing views concerning influences that the subprime shock will exert on the world economy. Some people have a pessimistic prospect, others have an optimistic one. The former holds that the subprime shock has a deeply negative impact on the real economy in the United States, and also places downward pressure both on developed economies and on emerging ones such as BRICs. Moreover, it expects that the possibility cannot be ruled out that a credit contraction caused by the subprime shock brings about the global financial crisis, including dollar crisis. The latter is so-called “Decoupling” view. It holds that European and Asian economies, especially emerging ones, have broadened and deepened to the point that they no longer depend on the United States for growth, leaving them from a severe slowdown there, even a fully fledged recession. Thus, it expects that a negative impact on the world economy, if any, is more restrictive.

Even in this simple dichotomised argument, there are various problems which we should deal with. What is the real cause of subprime default? Why has the securitization of the loan had the effect of spreading risk worldwide? Furthermore, we should ask how the movements of speculative fund relate to the subprime mortgage crisis and whether the U.S. government and others can have policy measures to prevent the occurrence of dollar crisis. Focusing our attention on the relationship between the financial sector and the real economy, while the global financial crises, such as “Black Monday” in 1987, “the Asian Currency Crisis” in 1997 and the current subprime crisis, have occurred every ten years, the real economy, especially in emerging economies, has been continuing to grow steadily. What is the nature of these ongoing structural changes in the world economy? Again, a new framework is needed to analyse the relationship between structural changes in the world economy and the development of emerging economies such as BRICs. Thus, to re-examine the structure and problems of global capitalism from multifaceted perspectives, and to develop new theoretical and empirical approaches to them, are becoming urgent and crucial issues that we should address.


     We call for papers from JSPE members and from others interested in taking part in this conference which is based on the aforementioned theme. We will welcome various participants with a wide range of interests and methodological approaches. Although the main conference language is Japanese, we will organize English-language sessions on October 25, especially aiming at accepting those from overseas who are willing to participate in the following two categories:


English Sessions 1: Topics relating to the general theme of the conference.

These sessions are designated to the topics relating to the conference general theme: Subprime Shock and the Future of Global Capitalism.

English Sessions 2: Other specific topics 

These sessions will be organized to focus on other specific topics such as environment and gender and regional economies (including China and others), and so on, while remaining completely open to suggestions and proposals.


Submission Procedures and the Deadline

All those who want to present a paper at the conference should send an abstract of the paper [in 200 words] with (1) name, (2) address (E-mail and mailing address), (3) affiliation and other relevant data by no later than June 7, 2008,  to:

 Prof. Shinjiro HAGIWARA,

E-mail: jspecice@jspe.gr.jp

Postal mailing address: Faculty of Economics, Yokohama National University, Tokiwadai 79-3, Hodogaya-ku, Yokohama-shi, Kanagawa, 240-8501, Japan. Tel: +81-45-339-3575(Office), Fax: +81-45-339-3504


*Notification of acceptance will be sent by June. 21. Attendants will pay their conference fee (5000 yen including the conference buffet), as well as their own transportation, accommodation and other personal expenses.


Prof. Shinjiro HAGIWARA, Faculty of Economics, Yokohama National University,

Chairman of the JSPE Committee for International Communication and Exchange


*JSPE URL: http://www.jspe.gr.jp/ja/en_frontpage

 Executive Office: c/o Dr. Tetsuji Kawamura, Secretary General of JSPE, Faculty of Economics, Hosei University,

#4342 Aihara, Machida-shi, Tokyo 194-0298, Japan, Tel & Fax: +81-42-783-2593, e-mail: secretariat@jspe.gr.jp