Grasshoppers, Ants and Locusts: the future of the world economy
Download: Audio, Slides
Speaker(s): Martin Wolf
Chair: Professor David Held
Recorded on 16 March 2011 in Old Theatre, Old Building.
The financial crisis was the product of an unstable interaction between ants (excess savers), grasshoppers (excess borrowers) and locusts (the financial sector that intermediated between the two). In view of this history, is the current recovery solidly built? Or do the weaknesses the crisis revealed remain pervasive? Martin Wolf is the associate editor and chief economics commentator at the Financial Times.