Financial Crises and the Failure of Economics

Friday, September 29, 2017
Speaker
Richard Bookstaber

Chief Risk Officer, Office of the Chief Investment Officer, University of California

Presider

Richard Bookstaber critiqued the discipline of economics as it has historically been practiced and discussed the challenges of managing risk and uncertainty in a complex macroeconomic environment. Participants had a lively conversation about financial regulation and what they perceived as being the most pressing threats to economic stability and prosperity in the post-2008 world. 

Richard Bookstaber
Richard Bookstaber, Chief Risk Officer, Office of the Chief Investment Officer, University of California

Top Stories on CFR

Coronavirus

The experiences of dozens of countries offer lessons for U.S. officials as they prepare for the presidential election during the coronavirus pandemic.

Middle East and North Africa

The August explosions in Beirut were the latest in a series of man-made disasters that have led some experts to say Lebanon is becoming a failed state.

Climate Change

Fires in California and Oregon have been more devastating than ever before, but climate change means the worst is yet to come. Here’s how officials can prepare.