A Call for Judgment: sensible finance for a dynamic economy

Our prosperity requires the enterprise of innumerable individuals and businesses who exercise their imagination and judgment—and bear responsibility for outcomes. And widespread enterprise is fostered through dialogue and relationships, not merely prices in anonymous markets. Yet in the last several decades finance has become increasingly centralised, distanced, and mechanistic. Bhide's lecture explains how bad theories and mis-regulation led to this dangerous divergence between the real economy and finance.