The Global Economy, Close at Hand | Daniel Neilson | TEDxBerkshires

China's stock market crash in August of this year once again puts distant economic turmoil in the headlines. News about China's economy is often met with confusion, not least by economists themselves. But if we can let go of a few of our preconceptions, and of what we were taught in economics class, we can see that the Chinese economy is not so distant after all. And along the way, we'll learn something about the local economy, about socialism and capitalism, and about the global financial system. Daniel H. Neilson is a monetary economist, specializing in the interaction between monetary policy and the financial system. His research has focused on China's financial markets, on the structure of the global monetary system, and on the evolution of the Federal Reserve. Dr. Neilson is the principal of Wallace Hall Company, which provides independent, global, quantitative and qualitative strategic research on central banking, monetary policy, the Chinese economy, and related topics. He is a visiting assistant professor of economics at Bard College at Simon's Rock, where he teaches macroeconomics and finance. Previously, Dr. Neilson was an economist at George Soros's economic think tank, where he created a global research program to promote novel and critical theories for understanding issues of financial stability. Dr. Neilson holds a Ph.D. in economics from This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx