Crisis and Renewal: International Political Economy at the Crossroads
Bretton Woods, New Hampshire
April 8-11, 2011

The Institute for New Economic Thinking held its second annual plenary conference in Bretton Woods, New Hampshire. In 1944, the same hotel was the site of the negotiations that devised the international financial architecture that prevailed for a generation; this year, 250 economists came to hear presentations by 80 economic experts. Whether you attended or not, you have the opportunity to watch the conference in its entirety on our website.

The conference opened with a call from Institute President Dr. Robert A. Johnson, who emphasized the need to create a community that rebuilds trust in economics and reestablishes the legitimacy of the profession as credible and relevant in the current world.

Over the course of the three-day conference, presentations spanned a range of issues from the challenge to effective international supervision presented by large complex financial institutions, to macroeconomic management after a financial crisis, to the extent that market forces can deliver innovation, education, and infrastructure, to sustainable economics, to current issues in the financial structures of Europe and Asia, and more.

Adair Turner delivered a keynote speech that critiqued economists’ emphasis on GDP growth, and market liberalization, and their indifference to inequality. Gordon Brown gave a stirring speech on his role in the recent economic crisis and the dramatic shift in the economic center of gravity. Martin Wolf engaged Larry Summers in a discussion about the limitations of current economic thinking, and Gillian Tett interviewed George Soros and Paul Volcker about current financial problems. Jim Balsillie led off a striking panel on climate change and sustainability.

We encourage you to browse through the Bretton Woods Conference pages to find videos of each conference session, speaker presentation materials and papers, interviews, and the Bretton Woods Blog.

Significance of the Mount Washington Hotel

In 1944 the United States government chose the Mount Washington Hotel as the site for the first Bretton Woods Conference, which established the World Bank and chose the American dollar as the backbone of international exchange. The meeting provided the world with badly needed post war currency stability.

Speakers

A

Anat Admati, Professor of Finance and Economics, Stanford University

Phillipe Aghion, Professor of Economics, Harvard University

George Akerlof, UC Berkeley

W. Brian Arthur, Fellow, Econometric Society

B

Jim Balsillie, Founder and Chair, CIGI

Eric Beinhocker, Senior Fellow, McKinsey and Company

Erik Berglöf, Chief Economist and Special Adviser, European Bank for Reconstruction & Development

Tom Bernes, Executive Director, CIGI

Paul Blustein, Brookings Institute

Claudio Borio, Bank for International Settlements

James Boughton, Historian, IMF

Richard Bronk, London School of Economics

Gordon Brown, Former Prime Minister, United Kingdom

C

Wendy Carlin, University College London

John Cassidy, The New Yorker

Ha-Joon Chang, Reader, Political Economy of Development, University of Cambridge

Barbara Craig, Oberlin College

Marcello De Cecco, Professor of Monetary and Financial History, Scuola Normale Superiore di Pisa

D

Charles Dallara, Institute of International Finance

Brad Delong, Professor of Economics, University of California at Berkeley

E

Barry Eichengreen, Professor of Economics and Political Science , University of California Berkeley

Alex Evans, Head of Research Program on Climate Change, Resource Scarcity and Multilateralism, Center of International Cooperation, NYU

F

Niall Ferguson, Professor of History, Harvard University

Thomas Ferguson, Professor of Political Science, University of Massachusetts

Jean-Paul Fitoussi, Professor of Economics, Institut d'Etudes Politiques de Paris

Duncan Foley, Professor, New School of Social Research

Jeffrey Frankel, Professor of Capital Formation and Growth, Kennedy School of Government, Harvard University

Chrystia Freeland, Editor at Large, Reuters

Roman Frydman, Professor of Economics, New York University

G

Ian Goldin, James Martin 21st Century School

H

Andy Haldane, Executive Director, Financial Stability, Bank of England

Carl-Ludwig Holtfrerich, Professor of Economics and Economic History, Freie Universitat Berlin

Kevin Hoover, Duke University

Thomas Homer-Dixon, Director, Waterloo Institute for Complexity and Innovation, University of Waterloo

Yasheng Huang, Sloan School of Management, MIT

J

Joyce Jacobsen, Wesleyan University

Harold James, Professor of History, Princeton University

William Janeway, Senior Advisor, Warburg Pincus

Marleen Janssen Groesbeek, Policy Advisory, Eumedion

Paul Jenkins, Distinguished Fellow , Centre for International Governance Innovation

Robert A. Johnson, President, Institute for New Economic Thinking

Simon Johnson, Professor of Entrepreneurship, Global Economics and Management, Sloan School of Management, Massachusetts Institute of Technology, Senior Fellow at the Peterson Institute for International Economics in Washington, D.C

Peter Jungen, Peter Jungen Holding GmbH

K

Anatole Kaletsky, Associate Editor, The Times

Henry Kaufman, President, Henry Kaufman & Co., Inc.

John Kay, Columnist, Financial Times

Richard Koo, Chief Economist, Nomura Research Institute

Louis Kuijs, Senior Economist, World Bank (Beijing)

L

William Lazonick, Professor, Economics, University of Massachusetts

Robert Litan, Vice President for Research and Policy, Kauffman Foundation

Barry Lynn, New America Foundation

M

Wolfgang Munchau, Associate Editor, Financial Times

Dalia Marin, Professor of International Economics, University of Munich

Felix Martin, Thames River Capital

Richard McGregor, Financial Times

Perry Mehrling, Professor, Barnard College, Columbia University

Zhu Min, Special Advisor, International Monetary Fund

Alan Murray, Wall Street Journal

N

Daniel Neilson, Bard College, Simon's Rock

O

Kevin O’Rourke, Professor of Economics, Trinity College (Dublin)

P

Jean Pisani-Ferry, Director, Bruegel, Brussels

R

Y.V. Reddy, Former Governor, The Reserve Bank of India, currently University of Hyderabad

William Rees, Professor, University of British Columbia

Carmen Reinhart, Dennis Weatherstone Senior Fellow, Peterson Institute for International Economics

Kenneth Rogoff, Professor of Economics, Harvard University

S

Andre Sapir, Professor of Economics, Université Libre de Bruxelles

Orville Schell, Director, Center on US-China Relations

Garry Schinasi, Visiting Fellow, Bruegel, Brussels

Mario Seccareccia, Professor of Economics, University of Ottawa

Andrew Sheng, Chief Adviser, China Banking Regulatory Commission

Victor Shih, Assistant Professor of Political Science, Northwestern University

Robert Skidelsky, Emeritus Professor of Political Economy, The University of Warwick

John Smithin, Professor of Economics, Schulich School of Business

George Soros, Chairman - Soros Fund Management and Open Society Foundations

Joseph Stiglitz, University Professor, Columbia University, Nobel Laureate

Larry Summers, Harvard University

Jomo Kwame Sundaram, Assistant Secretary-General for Economic Development, United Nations Department of Economic and Social Affairs (DESA)

T

Alan Taylor, Director, Center for the Evolution of the Global Economy at UC Davis

Gillian Tett, US Managing Editor, Financial Times

Niels Thygesen, Emeritus Professor of International Economics, University of Copenhagen

Camilla Toulmin, International Institute for Environment and Development

Adair Turner, Chairman, Financial Services Authority

U

Leanne Ussher, Assistant Professor of Economics, The City University of New York

V

Andrés Velasco, Chile's Former Minister of Finance

Paul Volcker, Former Chairman, Federal Reserve

W

Christian Westerlind Wigstrom, PhD Candidate, University of Oxford

Martin Wolf, Chief Economics Commentator, Financial Times

Y

Yu Yongding, Director, Chinese Academy of Social Sciences

Z

Steve Ziliak, Professor of Economics, Roosevelt University