UnCommon Core | Bubbles, Crises, and the Global Economic Outlook

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Alumni Weekend 2012 UnCommon Core June 2, 2012 Bubbles, Crises, and the Global Economic Outlook Robert Aliber Professor Emeritus, International Economics and Finance, Booth School of Business The Panics of 1907 and 1837. The South Sea Bubble of 1720 and the Tulip Mania of 1637. These are a few examples of the many financial crises that have plagued the United States and the rest of the industrial world for over 300 years. What causes these booms and busts? How long and deep are the slumps that follow? What can be done to prevent them? And what can we learn from the history of financial crises to help us deal with the current economic crisis? In this talk, Robert Aliber addresses these questions and what the answers mean for policymakers and consumers in the United States in the months and years ahead. Robert Z. Aliber is professor emeritus, international economics and finance, at the Booth School of Business. He has written extensively about exchange rates and international financial and banking relationships and policy problems. While at Chicago, he developed the Program of International Studies in Business and the Center for Studies in International Finance. Among his many books are Money, Banking, and the Economy and an update of Charles Wiley's Manias, Panics and Crashes.