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Speaker(s): Professor Joseph Stiglitz
Chair: Professor David Held
Recorded on 8 February 2010 in Peacock Theatre, Portugal Street.
Stiglitz lays out not only the course of the financial crisis which began in 2007, but its underlying causes, and shows why much more radical reforms are needed than are currently being contemplated if we are to avoid similar 'systemic' crises in the future. Showing why the bailout has been only marginally effective and how it could have been much more so, and outlines the enormous opportunity - not yet taken - to design a new global financial architecture.
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