Joseph Stiglitz: Road to Ruin? Financial Instability and the Global Economy
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ANU Crawford School of Economics and Government presents the inaugural Crawford School Oration by Professor Joseph Stiglitz. This video was recorded at The Australian National University on 3 August 2010. Professor Joseph Stiglitz is the University Professor at Columbia University in New York and Chair of Columbia University's Committee on Global Thought. He is also the co-founder and Executive Director of the Initiative for Policy Dialogue at Columbia. He was awarded the 2001 Nobel Prize in economics for his analyses of markets with asymmetric information and was a lead author of the 1995 Report of the Intergovernmental Panel on Climate Change, which shared the 2007 Nobel Peace Prize. He has held many notable positions, including member and chairman of the Council of Economic Advisers during the Clinton administration and Chief Economist and Senior Vice-President of the World Bank. In 2008 he was asked by French President Nicolas Sarkozy to chair the Commission on the Measurement of Economic Performance and Social Progress and in 2009 was appointed by the President of the United Nations General Assembly as chair of the Commission of Experts on Reform of the International Financial and Monetary System. Professor Stiglitz is recognised around the world as a leading economic educator, and has made major contributions to many economic theories. He helped to create a new branch of economics, "The Economics of Information," exploring the consequences of information asymmetries and pioneering such pivotal concepts as adverse selection and moral hazard, which have now become standard tools of theorists and policy analysts alike.
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Thanks!
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Good speech, but I think he could have less focused on political persons but talked up more and more on solutions of the current problems with good data
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"hhm nobel prize does it really mean really special or just a pawn of the global elite?" answer: just remember Kenry Kissinger won a nobel prize an O-bomb-er did too
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I suggest any one who enjoyed listening to this read a book by Ron Paul. I have to say I disagree with the logic behind the jist of this mans speech. Regulation is not a solution. It is a centralization of power. The regulators have less responsibility than a person running a company/bank what ever would. The regulators themselves will always cause a pinch point for corruption. Its not that our system is corrupt its that the sytem itself of regulation is corruption. Read Ron Paul and decide
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1:32:58 funny joke xD
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yep, spend the money you dont have that will solve the problem..
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What a meaningful comment - thanks for your incisive insight into global economics, please tell us more about your thoughts on Marx?
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it's beautiful, the talk and all the presenters.
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@68generation i read that book too. now on making globalization work.
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So interesting to hear Joseph Stiglitz speak after reading his book Freefall - the sinking of world economy, has a sense of humour and is not boring at all.
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@davidmaren2000 Hear. Hear!
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Road to Socialism...the fundamental solution
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A long speech, but well worth listening
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Maybe they should try to make this somewhat interesting. Then maybe people would listen and not fall asleep or go somewhere else.
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A good and deep analysis of the bottomless well in that Americans jumped and for which dragged almost everybody.
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