Each month for this past year, twelve leading economists - half of them associated with INET - have been meeting at the London School of Economics (LSE) to try to get to the heart of what is wrong with today’s global financial system. “The Future of Finance: The LSE Report” is a free PDF book that synthesizes this collective, collaborative knowledge.
The twelve leading economists include no less than four INET advisors: Simon Johnson, professor at MIT Sloan School of Management, Andy Haldane, executive director of financial stability at the Bank of England, John Kay, a visiting professor at LSE, and Charles Goodhart, member of the Financial Markets Group at LSE.
“The Future of Finance” is an in-depth, important work of economic analysis. According to LSE’s Center for Economic Performance, “A key theme is that the scale of financial asset creation has been grossly excessive and far beyond the needs of the real economy - which is the ultimate touchstone of a healthy financial system.”
One of the issues that INET is deeply concerned about is how to rethink the way finance could work better in the modern economy. We are attempting to create a discussion about the shape of a new paradigm of economic thinking, one that is informed by some of these top economists, but also evolves from democratic input as well.
“The Future of Finance,” also includes contributions from Martin Wolf, the chief economics commentator for the Financial TImes, who did an interview with INET on a range of topics, one of which can be seen here. It also has a piece by Adair Turner, chairman of the Financial Services Authority in the United Kingdom, who was a keynote speaker at our inaugural conference at King’s College. Here's his talk in full:
To see more video from our inaugural conference, and gain more insights into how to fix our financial system, please go here.
To download "The Future of Finance: The LSE Report" in PDF format, please click here.