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Tag Archives: The Economist

The Wrong Person Wins The Great Economist.Com Finance Debate

Well, at least in my inexpert opinion. The final statements indicated a lot of agreement between Ross Levine and Joe Stiglitz. Yet you can distinguish between the two when each makes their most colorful or most forceful statements:

Ross Levine:

Again and again, the regulatory authorities (1) were acutely aware of problems, (2) had ample power to fix the problems, and (3) chose not to.

Joe Stiglitz:

If products like CDSs are sold as

Posted in In the news | Also tagged , 7 Comments

The Economist Debate on Finance for Good or Evil: Round 2 Turns Up Heat

The debate now going on at the Economist is providing one of the most exciting and insightful looks at What We Learned about Finance from the Crash. The debate is very relevant for the role of finance in development (which Levine has devoted his career to studying). Debate is now on round 2 and you can vote for your favorite. Stiglitz has a small lead at this point; my vote still goes to Levine.

Joe…

Posted in Big ideas/ the secret to development is..., Economics principles | Also tagged , 5 Comments

Is Finance Evil? Vote Now at the Great Online Debate at Economist.com

UPDATE  2/24 9:45am: since the post below was written, Stiglitz has seen vote swing his way. Cast your own vote early and often!

Paul Volcker said after the crisis: “I wish that somebody would give me some shred of neutral evidence about the relationship between financial innovation recently and the growth of the economy.”

There is a longstanding historical tradition of suspicion and hostility towards finance. It goes all the way back to the medieval…

Posted in In the news | Also tagged , 8 Comments

Bill Clinton for President…of Haiti?

The Economist leader on Haiti:

investment {should}  be targeted on infrastructure, basic services and combating soil erosion to make farmers more productive and the country less vulnerable to hurricanes.

The pressing question is who should do it and how. Haiti’s government is in no position to take charge, yet the country needs a strong government to put it to rights. Paul Collier, a development economist who worked on the plan, reckons that the answer is to

Posted in Disaster/ humanitarian aid, In the news | Also tagged , , 15 Comments