Loading...

IQ2 Special Event: Joseph Stiglitz in conversation with Evan Davis (1 of 8)

1,859 views

Loading...

Loading...

Transcript

The interactive transcript could not be loaded.

Loading...

Loading...

Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Uploaded on Feb 10, 2010

Joseph Stiglitz emphasises that there is a battle of ideas at the heart of the financial crisis. In the 75 years since the Depression, people had forgotten the lessons they should have learnt, and came to believe that markets were always self-correcting. This simply isnt the case all too often, the beloved invisible hand wasnt actually there. The reason that the financial markets failed, Stiglitz says, is because they were designed to encourage bad, short-sighted behaviour. With big incentives to undertake excessive risk, the 2008 economic collapse was an entirely logical result.

Full video available at http://www.intelligencesquared.com/ev...

Loading...

When autoplay is enabled, a suggested video will automatically play next.

Up next


to add this to Watch Later

Add to

Loading playlists...