“You can’t understand finance if you don’t put law front and center.”
So says Katharina Pistor in her innovative keynote address at INET's False Dichotomies conference, which was co-hosted with the Center for International Governance Innovation (CIGI) in Waterloo, Canada on November 16-17th, 2012.
Using this fundamental insight as a launching pad, Pistor, an INET grantee and Max Planck Research Award-winner, explores its implications for a new theory of law and finance, one that understands that financial systems are rule bound and have to deal with fundamental uncertainty. Pistor deconstructs many of the false dichotomies that have blocked innovation in financial theory and grounds a new understanding of finance in the institutions and laws that are its core in reality.
Watch above to hear the rest of Pistor's exciting keynote address as she takes on the stale distinctions of orthodox economics and offers important insights for new economic thinking.