The Institute Blog

George Soros's Speech at Opening Session - INET Berlin

"Ever since the Crash of 2008 there has been a widespread recognition, both among economists and the general public, that economic theory has failed. But there is no similar consensus, even among participants of this conference, on the nature and implications of that failure. As a sponsor of INET I am delighted because it shows that INET is open to widely different strands of new economic thinking. But I am not only a sponsor; I am also the proponent of an alternative interpretation of financial markets and today that is...

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To Read the Rest of the Speech Download the Attachment Below

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Soros SpeechBerlin INET2012.pdf119.18 KB

Comments

0

"GERMANY, the Disgrace of Europe" by Panagiotis Trianou

http://eamb-ydrohoos.blogspot.nl/2012/02/germany-disgrace-of-europe.html

NB with respect
Sunday 10 June 2012

0

Well said by Mr. Soros. Will also be looking forward for alternative interpretation of financial markets.
simultaneous interpretation

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Great speech by Mr. Soros! Unfortunately, the fallibility and indeterminacy principles of which Mr. Soros is talking about are also applicable to his own theory of reflexivity. In my point of view, those principles could not be overpassed even by Mr. Soros's great mind which places his theory one step forward than the market fundamentalism's theory, BUT NOT necessary a big step though.
As mentioned by Mr. Soros: "We need to study the process of change", but also to apply our new understanding to the constantly moving events. In other words, the critical thinking need us to re-think our understandings and put them up to date, not to repeat Mr. Soros's thoughts from 1998 period.

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What is the way forward then, assuming it is not "business as usual" with some improvement of regulatory functions?

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