Robert Solow: New Ideas for a New World

Three years after the global financial crisis, some of the biggest names in economics came together with the International Monetary Fund to discuss what we have learned―and what we need to do differently. Hear what Professor Solow, winner of the Nobel Prize in Economics, has to say.

Category:

News & Politics

Tags:

• economic crisis
• education
• banks
• Europe
• Nobel laureates
• Nobel prize winners
• Robert Solow
• finance
• growth
• regulation
• too big to fail
• rich
• redistribution of wealth
• rethinking economic theory
• fiscal policy
• monetary policy
• inflation
• unemployment
• sovereign debt crisis
• central banks

[stealthswimmer]

I'm not sure conventional monetary policy reached it's limits. The Fed hasn't used conventional policy, they're paying interest on excess reserves which means they're paying banks to not lend!

Not saying conventional policy would've solved everything but seems that it might have been better than what was actually used.

[mubaraqtopeakere]

An intrinsic, limited and scare non-necessity commodity such as gold, silver nor fiat money, as the unit of account, and non-globalization of macroeconomics is to blame for financial crisis. Food and Agriculture, as the unit of account, is the long-term solution for financial crisis, with complement to rules under the Rome Declaration on World Food Security.

[munkyusm]

I love how he says it shouldn't be abandoned. It absolutely should be abandoned and it will. 80% of the greek population tried its damnest to abandon this ponzi scheme but failed. The time is coming where people wake up and realize money isn't what matters. It's your family that matters, it's your community that matters...not a nice house and cars. Go to opensourceecology . com if you want to see what's on the horizon.

[phoenix11994466]

The conundrum of a high unemployment, verses the high cost to employers taking on new blood, looks easy to fix...The word 'Apprenticeship', seems to have dropped from the English vocabulary, however, it' provides the right education for the job, and allows employers to expand, thereby providing more jobs.The apprenticeship system served civilized cultures for thousands of years. But one size fits all modern education, and trade unions have successfully broken the apprenticeship system.. Shame

[MrRabbittdotcom]

When I say things like that I get laughed at,

[rickbar123]

End NAFTA

End Neo/Lib reforms

Limit imports