Financial Crises and the Failure of Economics

More on:

Economics

Economic Crises

International Finance

International Economic Policy

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
Up

Top Stories on CFR

Hungary

The European Parliament’s vote to reprimand Hungary over its growing authoritarianism has tested the EU’s readiness to stand up to illiberalism within the bloc.

United Nations General Assembly

Next week Donald J. Trump returns to the United Nations for the annual opening of the UN General Assembly. While Trump exceeded expectations during his first UN appearance last year, he will face more pushback this time around. The president will encounter a more skeptical global audience, woke to the reality that his administration's diplomacy is all take and no give.

South Korea

South Korea's President Moon Jae-in has had more success than many expected in Pyongyang for his third summit with North Korea’s Chairman Kim Jong-un.