William White - Anatomy of Crisis: Economic Theory, Politics and Policy

The Inaugural Conference @ King's, Institute for New Economic Thinking, Session 1:

Anatomy of Crisis The Living History of the Last 30 years: Economic Theory, Politics and Policy

The current economic and financial crisis, and it is both, has already imposed great costs on the global economy. Nor is there any guarantee that we have seen the worst and that recovery is now assured. The obvious question, and the topic of this session, is how we got into this mess. Answering this question is crucial if we are to move on to the next set of questions. What policies would help us get out of this mess, and would help us avoid similar problems in the future?

Category:

People & Blogs

Tags:

• William
• White
• Anatomy
• of
• Crisis
• Living
• History
• the
• Last
• 30
• years
• Economic
• Theory
• Politics
• Policy
• INET
• institute
• new
• economic
• thinking
• economics
• king's
• conference
• cambridge

[amaclaren23]

More than a year has passed since this address, and guess what, nothing has changed, its all the same policies and imbalances (except the current impasse in the US debt ceiling negotiations, which, if it becomes a Kick-the-Can, nothing will have changed.)  Especially when one looks at the current crisis in Europe, vis-a-vis the PIIGS and the ECB approaches, harbingers of The Next Crisis.

[DavidAKZ]

Intellectual timing late by 10 (?) years ?

[jackp027]

Scroll to 3:38 for White's retelling of how Larry Summers encapsulated the fundamental problem of forecasting facing us today.