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The Value of Nothing

London School of Economics and Political Science (LSE) 76,26476K
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Uploaded on Dec 17, 2010

Speaker: Raj Patel
This event was recorded on 01 December 2009 in Hong Kong Theatre, Clement House
"Nowadays people know the price of everything and the value of nothing." Credit has crunched, debt has turned toxic, the gears of the world economy have ground to a halt. It's now clear that the market doesn't only get it wrong about sub-prime mortgages; it gets it wrong about everything. We need to ask again one of the most fundamental questions a society ever addresses: why do things cost what they do?

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