Michael Goldberg was awarded last week the Todd H. Crockett Professor of Economics at the Peter T. Paul College of Business and Economics at the University of New Hampshire. Read more

When regulators seek to identify systemically important financial institutions (SIFIs), they tend to focus on an institution’s size and connectedness. But this approach mises an important dimension of systemic risk, according to Imre Kondor, Stefano Battiston, Giorgio Fagiolo, and Alan Kirman. Read more

That's the question that Adair Turner, Chair of the UK Financial Services Authority, was addressing in his lecture to Cass Business School this week. Since the current policy mix has failed, Turner reflects, "we must think fundamentally about what went wrong and be adequately radical in the redesign of financial regulation and macro-prudential policy to ensure it doesn't happen again." 

In this lecture, Turner does just that, getting to the root causes of the crisis and proposing policy solutions to clean up the mess and get our economies growing sustainably. Read more

Piero Sraffa’s classic work Production of Commodities by Means of Commodities has been variously interpreted as a special case of modern neoclassical general equilibrium or a foundation stone for the revival of the classical tradition of Smith and Ricardo.

Ajit Sinha breaks new ground by viewing the book through the eyes of Sraffa himself, using archival resources to uncover the philosophical underpinnings of the book in the work of Wittgenstein and others. Read more