Program and Presentations

The Economic Crisis and the Crisis in Economics

INET Inaugural 2010 Conference

King’s College
Cambridge, England 

Video and related conference materials can be found linked to the speakers below.

DAY 1 | DAY 2 | DAY 3

 DAY 1
 Thursday,  April 8th Location     

Opening Session

      Keynes Theater     

Where are we now? Debts, Deficits and Global Financial Stability

Moderator: John Cassidy, Author of How Markets Fail: The Logic of Economic Calamities.

Richard Koo, Chief Economist of Nomura Research Institute Video Presentation

Ken Rogoff, Professor of Economics, Harvard University Video

Question & Answer Session Video

Reception and Dinner

The Great Hall     

Welcome and Introduction: William Janeway, Partner of Warburg Pincus & Co., Chairman of the Board of Trustees of Cambridge in America

1930 and the Challenge of the Depression for Economic Thinking:
Friedrich Hayek versus John Maynard Keynes

Moderator: Philip Mirowski, Carl Koch Professor of Economics and the History of Science at the University of Notre Dame

Robert Skidelsky, Emeritus Professor of Political Economy at the University of Warwick, England. Video / Paper

Bruce Caldwell, Editor of The Collected Works of F. A. Hayek, History of Economic Thought, Economic Methodology Professor, Duke University. Video / Paper

Question & Answer Session Video

 Friday,  April 9th

Session 1

The Great Hall     

Anatomy of Crisis – The Living History of the Last 30 years: Economic Theory, Politics and Policy

Moderator: Anatole Kaletsky, Principal Economic Commentator, Times of London, Managing Director of Gavekal Research Video / Presentation

George Soros, Chairman of Soros Fund Management, LLC and founder of The Open Society Institute. Video / Paper

Perry Mehrling, Professor of Economics, Barnard College, Columbia University. Video / Paper / Presentation

William White, Former Economic Advisor, Head of the Monetary and Economic Department at the Bank for International Settlements, Basel. Video Paper

Roman Frydman, Professor of Economics, New York University. Video Paper / Presentation

Question & Answer Session Video

Session 2



The Great Hall     

Has the Efficient Market Hypothesis Led to the Crisis? Collapsed with The Crisis?

Moderator: William Janeway, Partner of Warburg Pincus & Co., Chairman of the Board of Trustees of Cambridge in America

George Akerlof, Koshland Professor of Economics at the University of California, Berkeley, Nobel Prize in Economics 2001 Video / Presentation

Markus Brunnermeier, Edwards S. Sanford Professor at Princeton University Video Presentation

Michael D. Goldberg, Roland O'Neal Professor at University of New Hampshire Whittemore School of Business and Economics. Video Paper / Presentation

Jeremy Siegel, Russell E. Palmer Professor of Finance, Wharton School, University of Pennsylvania. Video / Paper

Question & Answer Session Video


The Great Hall     

Networks and Systemic Risks

Moderator and Discussion Leader: Ian Goldin, Director of the James Martin 21st Century School and a Professorial Fellow at Balliol College, University of Oxford.

Sanjeev Goyal, Professor of Economics, Fellow of Christ College, Cambridge Video / Presentation

Frank Kelly, Professor of the Mathematics of Systems in the University of Cambridge, and Master of Christ's College Video / Presentation

J. Doyne Farmer, Professor, Santa Fe Institute Video / Presentation

Question & Answer Session Video

Session 3

Keynes Theater     

What Kind of Theory to Guide Reform and Restructuring of the Financial and Non-Financial Sectors?

Moderator: Mark Thoma, Associate Professor, Department of Economics, University of Oregon Video

Franklin Allen, Nippon Life Professor of Finance and Economics, The Wharton School, University Of Pennsylvania. Video Paper / Presentation

Sheila Dow, Emeritus Professor of Economics, Stirling University. Video Paper

Axel Leijonhufvud, Professor of Economics, University of California, Los Angeles Video Paper

Joseph Stiglitz, Professor of Economics at Columbia University, Nobel Prize in Economics 2001 Video Presentation


Session 4

The Great Hall     

Toward a New Global Financial Architecture

Moderator: Justin Lin,  Chief Economist, World Bank

Anton Korinek,  Assistant Professor of Economics, University of Maryland Video Paper

Y. V. Reddy, Former Governor of the Central Bank of India. Video Paper

Helene Rey, Professor of Economics, London Business School Video Presentation

Charles Dallara, Managing Director, Institute for International Finance. Video Paper

Question & Answer Session Video

Reception and Dinner

The Great Hall     

Introduction of Keynote Speaker: Gillian Tett, US Managing Editor, Financial Times

Keynote Speaker: Adair Turner, Chair of the Financial Services Authority. Video Speech


 Saturday,  April 10th


Session 5

The Great Hall     

How Empirical Evidence Does or Does Not Influence Economic Thinking and Theory: Calibration, Statistical Inference, and Structural Change

Moderator: Soren Johansen, Professor, Mathematical Statistics, University of Copenhagen

Lars Peter Hansen, Homer J. Livingston Distinguished Service Professor of Economics, University of Chicago Video / Presentation

David Hendry, Professor of Economics, University of Oxford & Fellow Nuffield College, Oxford Video

Katarina Juselius, Professor of Economics, University of Copenhagen. Video Paper / Presentation

Christopher Sims, Harold B. Helms Professor of Economics and Banking at Princeton University Video Presentation

Harald Uhlig, Professor of Economics, University of Chicago. Video Paper / Presentation

Session 6


Keynes Theater     

Mathematical Models: Rigorously Testable, Qualitative Metaphors, or Simply an Entry Barrier

Moderator: Wade Hands, Professor of Economics at the University of Puget Sound

Duncan Foley, Leo Model Professor New School for Social Research and External Professor, Santa Fe Institute. Video Paper

Tony Lawson, Faculty of Economics at the University of Cambridge, UK. Video Paper 

James Mirrlees, Distinguished Professor-at-large, Chinese University of Hong Kong, and Emeritus Professor of Political Economy, University of Cambridge, England, Nobel Prize in Economics 1996 Video Presentation


The Great Hall     

Introduction of Keynote Speaker and Discussion Leader: John Shattuck, President of Central European University

Keynote Speaker: Dominique Strauss-Kahn, Managing Director, International Monetary Fund. Video Speech


Session 7

The Great Hall    

The Consequences of Inequality and Wealth Distribution

Moderator: Rob Dugger, Managing Partner, Hanover Investment Group

James K. Galbraith, Jr., Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government, LBJ School of Public Affairs. Video / Paper / Presentation

Kate Pickett, Senior lecturer at the University of York and Author of The Spirit Level.  Video / Presentation

Branko Milanovic, World Bank, University of Maryland Video / Presentation

Question & Answer Session Video

 Session 8

The Great Hall    

Political Economy: What Can Government Do?  What Will Government Do?

Moderator: John Kay, Financial Times

Marcello De Cecco, Professor of Financial and Monetary History, Scuola Normale Superiore di Pisa. Video / Paper

Thomas Ferguson, Political Science Professor at the University of Massachusetts, Boston and Rob Johnson, Executive Director, INET. Video / Paper / Presentation

Edward Kane, James F. Cleary Professor in Finance, Boston College. Video / Paper / Presentation

Simon Johnson, Ronald A. Kurtz Professor of Entrepreneurship at the Sloan School of Management at MIT Video Presentation

Reception and Dinner


The Great Hall    

Introduction of Keynote Speaker and Discussion Leader: John Eatwell, Economist and President of Queens' College, Cambridge 

Keynote Speaker: Dr. Guillermo Martinez Ortiz, Governor, Banco de Mexico Video 

Keynote Speaker: Tommaso Padoa-Schioppa, Former Minister of Economy and Finance, Italy Video