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Financial Crisis and Economic Recession

Hayek lecture

Date: Thursday 28 October 2010 
Time: 6.30-8pm
Venue:  Sheikh Zayed Theatre, New Academic Building
Speaker: Professor Jesús Huerta de Soto

The current financial and economic situation of the world should be analysed from the point of view of the Austrian Business Cycle Theory as developed by Mises and Hayek. Professor Huerta De Soto will present innovative solutions to the banking crisis and credit crunch working within the tradition of the Austrian School masters, Mises and Hayek. He will also unveil his proposal for similar legislative change that the "Peel Act" or Bank Charter Act of 1844 achieved with regards to the over issue of promissory notes to gold, but with respect to the over issue of credit. The consequences of doing this should create a climate of financial stability and an opportunity to totally restructure the national debt (potentially pay it off).

Should you wish to get an advanced feel for the subject of the lecture, you can look at Chapter 9 of this book by Huerta De Soto, which can be downloaded from The Cobden Centre|, the pdf is called "Huerta de Soto, Jesus: Money, Bank Credit and Economic Cycles. This chapter gives the theoretical outline of part of the lecture.

Jesús Huerta de Soto is professor of political economy at King Juan Carlos University.

This event is free and open to all with no ticket required. Entry is on a first come, first served basis. For any queries email events@lse.ac.uk| or call 020 7955 6043.

Transcript

A transcript of Professor Jesús Huerta de Soto's speech is available to download. Download 'Financial Crisis and Economic Recession' (pdf).|

Podcast

A podcast of this event is available to download from the LSE Public Lectures and Events: podcasts and videos channel|.

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CPD

This event has been certified for CPD| purposes by the CPD Certification Service|. Self-Assessment Record forms will be made available for delegates wishing to record further learning and knowledge enhancement for Continuing Personal and Professional Development (CPD) purposes. For delegates who wish to obtain a CPD Certificate of Attendance, it is the responsibility of delegates to register their details with a LSE steward at the end of the event and as of 1 September 2014 a certificate will be sent within 28 days of the date of the event attended by the CPD Certification Service|.  If a delegate fails to register their details at the event, it will not prove possible to issue a certificate. (For queries relating to CPD Certificates of attendance after a request please phone 0208 840 4383 or email info@cpduk.co.uk|).

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