The Economic Crisis and the Crisis in Economics

New Economic Thinking 2010

Apr 8–11, 2010 Download .ics

Kings College, University of Cambridge, UK |

The Institute for New Economic Thinking convened many of the world's most distinguished economists, academics and thought leaders at its inaugural Conference at King's College, University of Cambridge.

The conference brought together a cross-section of thinkers to discuss the fundamental roots of the recent global economic crisis and the role that the discipline of economics played. The 200 people who gathered discussed whether the old paradigm of economic policies and the theories behind them had failed, and whether a new paradigm of economic thinking needed to be developed to better suit the new demands of the 21st century.

The conference discussed a wide range of issues that INET will be encouraging the exploration of more deeply in the years ahead, including the causes and solutions to the current economic crisis, regulatory reform, systemic risk, wealth inequality, the role of central banks and the role of politics in the economy. Speakers included Dominique Strauss-Kahn (Managing Director of IMF), Joseph Stiglitz (Professor at Columbia University and Nobel Laureate), Adair Lord Turner (chairman of the Financial Services Authority), Simon Johnson (Professor at MIT and former Chief Economist of IMF), and several other Nobel Laureates.

Lord Adair Turner, Chairman of the UK Financial Services Authority (FSA) described the conference as a “truly remarkable conference – a feast of intellectual inquiries.” Bruce Caldwell, Professor of Economics at Duke University said: “This is the first conference ever that brings together leading minds in the economics profession with policymakers and historians of economic thought.” Dominique Strauss-Kahn, Managing Director of the International Monetary Fund noted: “It is absolutely crucial for us, if we want the global economy to be run somewhat rationally to use what INET is doing here.”

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Speakers

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  • Simon Johnson

    Professor of Entrepreneurship, Global Economics and Management, MIT Sloan School of Management

  • Sir James Alexander Mirrlees, FBA

    Emeritus Professor of Political Economy, University of Cambridge

  • Adair Turner

    Senior Fellow and Grantee, INET

    Former Chairman, United Kingdom Financial Services Authority

  • Dominique Strauss-Khan

    Former Managing Director, International Monetary Fund

  • George Soros

    Chair, Soros Fund Management LLC

  • Joe Stiglitz

    Professor of Economics, Columbia University

  • Anatole Kaletsky

    Founder and Chairman, GaveKal Dragonomics

  • Richard Koo

    Chief Economist, Nomura Research Institute

  • Bruce Caldwell

    Director, Center for the History of Political Economy, Duke University

  • Kenneth Rogoff

    Professor of Economics, Harvard University

  • Hélène Rey

    Professor of Economics, London Business School

  • Katarina Juselius

    Professor of Economics, University of Copenhagen

  • Robert Dugger

    Founder and Managing Partner, Hanover Investment Group

  • Ian Goldin

    Director, Oxford Martin School

  • James K. Galbraith

    Lloyd M. Bentsen Jr. Chair in Government and Business Relations, University of Texas at Austin

  • Doyne Farmer

    Director, Complexity Economics, INET Oxford

    Professor, Santa Fe Institute

  • William White

    Chairman of the Economic Development and Review Committee, OECD

  • Perry G. Mehrling

    Professor of Economics, Barnard College

  • Rob Johnson

    President, Institute for New Economic Thinking

    Senior Fellow and Director, Franklin and Eleanor Roosevelt Institute