Considering that MMT is itself a fringe movement within American economics and that the US economic establishment is firmly Friedmanite, why would you find it unsatisfactory that the German economic establishment is firmly Austrian? Even in France, sane economists are having trouble being accepted. And in Continental Europe ministers of education tend to have a strong influence on curricula even at the university level. So I find it eminently plausible that the German Government (if you include in it the Bundesbank) "had systematically prevented the preferment of sane economists".

Economics is politics by other means

I am jealous of your opportunity. I presume you are familiar with their site, New Economic Perspectives. All three are at the University of Missouri, Kansas City, which is a major island of sanity in the US academic economics landscape. They were probably invited because, between them, they have the relevant experience and expertise to appropriately analyze the current situation in Ireland. The two economists, Randall Wray and Stephanie Kelton can cover the economic theory and specific applications and Wm. K. Black is an expert on control fraud in banks, which is what should be investigated and prosecuted in the cases of the banks that ended up in NAMA.

"It is not necessary to have hope in order to persevere."

From their website:

Mitch Daniels' ode to learning to treasure your husband's mistress  By William K. Black

Cead mile failte romhat - one hundred thousand greetings to you from Dublin. My UMKC economics department colleague and I are presenting ideas on how Ireland could respond to its banking, budget, and financial crises.

This is the second part of my series of articles on benefit-cost analysis, prompted by a discussion at CIFA's recent ninth annual meeting in Monaco. This part focuses on the logic employed by the nation's leading advocate of requiring benefit-cost tests before allowing any regulatory actions. Governor Daniels (R. Indiana) previously served as President Bush's Director of the Office of Management and Budget (OMB). In 2002, OMB Director Daniels explained to a Competitive Enterprise Institute (CEI) audience why formal benefit-cost analyses by OMB mirrored "everyday life."

   "We need to remind people, that cost benefit analysis is part of everyday life. Perhaps you've heard of the couple out dining one evening, when a lovely, much younger lady passed by the table and visibly winked at the husband. His wife, not missing a thing, said, "Who was that?" After some hemming and hawing, he finally confesses: it's his mistress. She said, "That's it! I always feared and suspected. It's over, I want a divorce." "Now dear, not so fast. You [do] realize if that happens, no more diamonds on your birthday, fewer of those shopping trips to New York, what about the country club charge account?" About that time, another couple passed by and she said, "Isn't that your friend Jim from the office?" He said, "Yes." "Well who's that young woman with him?" "Well, that's Jim's mistress." She says, "Aha! Ours is prettier." [laughter]"

http://www.whitehouse.gov/omb/speeches_cei_regulatory052202
Mitchell E. Daniels, Jr., Competitive Enterprise Institute Speech, 05/22/2002

Again, one cannot compete with unintentional self-parody. Daniels chose a metaphor to defend benefit-cost tests that lays bare many of the worst aspects of formal benefit-cost tests by economists. Daniels delights in his tale of how an unfaithful, rich, powerful, and older man cheats on his wife, humiliates her in public, and essentially prostitutes his wife and his mistress. Perhaps the worst aspect - and here Daniels is simultaneously acute and clueless - is the wife's use of the word "ours." When elites use their dominant power to exploit and corrupt less powerful people they also seek to impose a false construct on their victims that makes them appear to be beneficiaries rather than victims. The macho male meme is that his domineering control of his wife's life and decisions constitutes "protecting" his wife. She is supposed to perceive and express a debt of gratitude rather than resentment to her oppressor.

More at the site.

"It is not necessary to have hope in order to persevere."

Is there a list of conference participants or a conference website anywhere? Were any Spanish economists in attendance?

Economics is politics by other means