INET Welcome Letter 2 CIGI Welcome Letter 3
INET Governing Board & 4 Advisory Board INET Sta 6
PROGRAM Thursday, April 10 8 Friday, April 11 11 Saturday, April 12 16
Speakers 24
Young Scholars Initiative 76
Fairmont Royal York BACK COVER Floorplan
The information contained in this program is accurate as of the date of print. March 20, 2014.
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April 10, 2014
Dear Conference Attendees,
Welcome to the Institute for New Economic Thinking’s fth annual international conference, co-hosted with our partners at the Centre for International Governance Innovation (CIGI) under the leadership of President Rohinton Medhora. We hope that you will appreciate the vibrancy of Toronto and the warm congeniality of this magnicent international city as we gather to address the crucial questions that lie ahead of us.
The conference, which is called “Human After All: Innovation, Disruption, Society,” will look at the economics of innovation from a variety of perspectives. We will explore innovation in relation to the structures in both the public and private sectors. We will investigate its role in creating and/or ameliorating inequality. And we will examine the potential for innovation to generate wondrous creations and ominous dangers.
In addition, we are here to ask broader questions of the profession of economics. We need to envision maps of the economic process that ultimately lead to answers that address the issues of human development, nancial reform, environmental challenges, and corporate governance. We need to explore the implications of non-routine change, some of which is the very byproduct of the process of innovation. And most importantly, we must ask a fundamental question: Can economic analysis enlarge its perspective to serve all of society?
As we embark upon this conversation, we wish to thank the Institute’s supporters, most notably our Founding Sponsors Jim Balsillie, William and Weslie Janeway, and George Soros, for their steadfast leadership in both words and deeds. And we want to thank the entire team at CIGI for welcoming us to their home and helping us create a vital experience here in Toronto.
Sincerely,
Rob Johnson
President, The Institute for New Economic Thinking (INET)
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April 10, 2014
Dear Conference Delegates,
On behalf of the Centre for International Governance Innovation (CIGI), I am pleased to welcome you to Human After All, the rst of the Institute for New Economic Thinking’s plenary conferences to be held in Canada.
This is the sixth major conference that CIGI has had the privilege to co-sponsor with the Institute, dating back to the inaugural conference, held at King’s College in Cambridge, U.K., in April 2010. CIGI has also co-sponsored with the Institute conferences on issues emerging from the current economic crisis, sovereign debt restructuring, and false dichotomies in economics.
This year’s conference builds on the work of past conferences in that regard, but also seeks to break new ground with a broader focus—exploring the relationship between innovation, economics and society. The need for such exploration is clear. We convene following a prolonged period in which global economic recovery is still fragile and in many countries just a glimmer. What was and often still is termed a nancial or economic crisis has had important social and political dimensions to it throughout the world.
The challenge remains to strengthen and sustain the recovery but also put in place institutions and mechanisms that mitigate the causes and consequences of a future crisis. Moving beyond crisis recovery and prevention, it is vital that we explore the many facets of innovation and how it can contribute to human well being.
This conference is intended to address core issues underlying our economic systems—including social, political and environmental constraints—and encourage the vital thinking required to enact lasting solutions.
CIGI is proud to partner with the Institute to sponsor the Human After All conference, and to welcome such a distinguished group of scholars and practitioners to CIGI’s “backyard.” I look forward to hearing new perspectives on our most pressing challenges, and to joining the fruitful discourse that is the start not the end of our endeavor.
Sincerely,
Rohinton P. Medhora
President, Centre for International Governance Innovation (CIGI)
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Institute for New Economic INET Advisory Board Thinking (INET) Governing Board
Erik Berglöf George Akerlof Chief Economist and Special Adviser to the President of Koshland Professor of Economics, University of California, the European Bank for Reconstruction and Development Berkeley (EBRD) 2001 Nobel Prize in Economics
Chris Canavan Eric Beinhocker Director of Global Policy Development, Soros Fund Director, INET@Oxford Management Markus K. Brunnermeier Robert Dugger Edwards S. Sanford Professor, Princeton University Founder and Managing Partner of Hanover Investment Group Willem H. Buiter Chief Economist, Citigroup William Janeway Senior Advisor, Warburg Pincus Wendy Carlin Professor of Economics at University College London Mitchell R. Julis Co-Founder, Co-Chairman, and Co-CEO of Canyon Bruce Caldwell Partners, LLC Director, Center for the History of Political Economy, Duke University Paul Jenkins Distinguished Fellow, Centre for International Paul Davidson Governance Innovation (CIGI) Editor, Journal of Post Keynesian Economics
Peter Jungen Ottmar Edenhofer Chairman, Peter Jungen Holding GmbH Director, Mercator Research Institute on Global Commons and Climate Change (MCC) Anatole Kaletsky Chairman of the Governing Board, Barry Eichengreen Institute for New Economic Thinking George C. Pardee and Helen N. Pardee Professor of Economics and Political Science Rohinton Medhora University of California, Berkeley President, Centre for International Governance Innovation (CIGI) Thomas Ferguson Director of Research Projects, Drummond Pike Institute for New Economic Thinking Founder, Tides Foundation Duncan Foley John Shattuck Leo Model Professor of Economics, President, Central European University (CEU) New School for Social Research
Roman Frydman Chair, Institute For New Economic Thinking’s Program on Imperfect Knowledge Economics (IKE)
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Ian Goldin Hélène Rey Director, Oxford Martin School, University of Oxford Professor of Economics, London Business School
Charles Goodhart Kenneth Rogo Professor Emeritus, Financial Markets Group, Thomas D. Cabot Professor of Public Policy and London School of Economics Professor of Economics, Harvard University
Andrew Haldane Jerey D. Sachs Executive Director for Financial Stability, Director, The Earth Institute Bank of England Amartya Sen James Heckman Thomas W. Lamont University Professor and Professor Henry Schultz Distinguished Service of Economics and Philosophy, Harvard University Professor of Economics, University of Chicago 1998 Nobel Prize in Economics 2000 Nobel Prize in Economics Andrew Michael Spence David F. Hendry William R. Berkley Professor in Economics & Director, Program in Economic Modeling, Institute for Business, Leonard R. Stern School of Business, New Economic Thinking at the Oxford Martin School New York University 2001 Nobel Prize in Economics Simon Johnson Ronald A. Kurtz Professor of Entrepreneurship and Joseph E. Stiglitz Professor of Global Economics and Management, Professor of Economics, Columbia University MIT Sloan School of Management 2001 Nobel Prize in Economics
John Kay Andrés Velasco Visiting Professor, London School of Economics Former Minister of Finance, Chile
Richard Koo William White Chief Economist, Nomura Research Institute Chairman of the Economic Development and Review Committee, Organisation for Economic Co-operation Axel Leijonhufvud and Development (OECD) Professor of Monetary Theory and Policy, University of Trento, Italy Yu Yongding Director, Institute of World Economy, Perry G. Mehrling Chinese Academy of Social Sciences Director of Education Programs, Institute for New Economic Thinking Zhu Min Deputy Managing Director, International Monetary Fund Sir James A. Mirrlees Professor Emeritus, University of Cambridge 1996 Nobel Prize in Economics
Carmen Reinhart Minos A. Zombanakis Professor of the International Financial System, Harvard Kennedy School
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Institute for New Economic Special Thanks to the Centre Thinking (INET) Sta for International Governance Innovation (CIGI):
Robert Johnson Rohinton Medhora President President
Nick Alpha, Creative Manager Carol Bonnett, Managing Editor, Publications
Marshall Auerback, Director of Institutional Partnerships Colleen Fitzpatrick, Community Relations and Events Manager
Pierpaolo Barbieri, Strategy Consultant Paul Jenkins, Distinguished Fellow Jill Blackford, Grants Manager Declan Kelly, Communications Specialist Pier-André Bouchard St-Amant, Postdoctoral Research Fellow Fred Kuntz, Vice President of Public Aairs Doug Carmichael, Strategy Consultant Domenico Lombardi, Director, Global Economy Program Lynette Cruz, Executive Assistant Som Tsoi, Digital Media Manager Thomas Ferguson, Director of Research Donna Folkerts, Finance and Administrative Manager Arjun Jayadev, Economist Conference Management Elira Karaja, Postdoctoral Research Fellow Glow Media Matthew Kulvicki, Director of Film and Video Creative and Logistics Partners Ian Kumekawa, Research Associate Callejero Films Pia Malaney, Senior Economic Analyst CMP Group Perry G. Mehrling, Academic Council ogram Fairmont Hotels and Resorts Sunanda Nair-Bidkar, Strategy Consultant Familiar Studio Daniel H. Neilson, Economist Guy Numa, Postdoctoral Research Fellow Flightspin Jay Pocklington, Manager, Young Scholars Initiative (YSI) Pixel Magic Design Elham Saeidinezhad, Postdoctoral Research Fellow PSAV Michael Sandel, Senior Fellow Enno Schröder, Economist Institute Academic Council Christopher H. Sealey, Chief Operating Ocer Jason Shure, Chief Financial Ocer George Akerlof Karen Spring, Director of Development Thomas Ferguson Adair Turner, Senior Fellow Roman Frydman Eric Weiner, Director of Communications Robert A. Johnson
Axel Leijonhufvud
Perry Mehrling
Dennis Snower
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8:00 AM–12:00 PM Registration and Exhibits
9:00AM–5:00 PM Thurs Young Scholars Workshop TORONTO ROOM 10:15–10:45 AM Press Conference
CANADIAN ROOM sday 12:00–12:50 PM Opening Remarks
Rohinton Medhora April 10, 2014 President, Centre for International Governance Innovation Robert Johnson President, Institute for New Economic Thinking Show Open
CANADIAN ROOM 1:00–2:45 PM
LUNCH KEYNOTE OPENING Is Innovation Always A Good Thing?
Technology and innovation create “disruption.” That basi- cally means creating new markets or value networks, which eventually disrupts earlier technologies. New products, new inventions, new sources of demand are all possible. Yet, the very innovation that creates these opportunities also can create job losses as well as having signicant distributional consequences for society as a whole. The panel seeks to explore this duality.
James Balsillie Chair, Centre for International Governance Innovation Lisa Cook Professor, Department of Economics, Michigan State University Robert Johnson President, Institute for New Economic Thinking Richard Nelson Professor of Economics, Columbia University Moderator Richard Waters Financial Times
THURSDAY, APRIL 10, 2014
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CANADIAN ROOM CANADIAN ROOM 3:00–4:30 PM 4:45–6:15 PM
PLENARY PANEL PLENARY PANEL Innovation: Do Private Returns Have We Repaired Financial Produce the Social Returns We Regulations since Lehman? Need? The 2008 global nancial crisis led to the worst reces- The machines of the rst age replaced and multiplied the sion in the developed world since the Great Depression. physical labour of humans and animals. The machines of Governments had to respond decisively on a large scale the second age will replace and multiply our intelligence. to contain the destructive impact of massive debt dea- The driving force behind this revolution will, argue the tion, (although there is some question as to the degree “techno-positivists,” exponentially increase the power to which this represented support for the nancial ser- (or exponentially reduce the cost) of computing. The vices industry vs. the needs of the real economy). Still, celebrated example is Moore’s Law, named after Gordon large nancial institutions such as American International Moore, a founder of Intel. For half a century, the number of Group, Bear Stearns, Lehman Brothers, Countrywide transistors on a semiconductor chip has doubled at least Financial, Washington Mutual, Wachovia, Northern Rock, every two years. But the information age has coincided and Landsbanki collapsed; thousands of small-to-medium- with—and must, to some extent, have caused—adverse sized nancial institutions failed or needed to be rescued; economic trends: stagnation of median real incomes; millions of households lost their retirement savings, jobs, rising inequality of labour income and of the distribution homes, and communities; and numerous non- nancial of income between labour and capital; and growing long- businesses closed. term unemployment. Are the great gains in wealth and Five years later, we are still experiencing the eects material prosperity created by our entrepreneurs in and of the crisis. Are the nancial reforms and regulations of themselves sucient to produce desired social returns introduced since the onset of the crisis likely to be eec- demanded in today’s world? tive in preventing another catastrophe?
Simon Head Anat Admati Fellow, Institute for Public Knowledge, New York Univer- Professor, Stanford Graduate School of Business sity, and Director of Programs, The New York Review of Richard Bookstaber Books Foundation U.S. Treasury with the Oce of Financial Research Mariana Mazzucato and FSOC R.M. Phillips Professor in the Economics of Innovation, Andrew Haldane SPRU, University of Sussex Executive Director of Financial Stability, Bank of England Stian Westlake Edward Kane Executive Director, National Endowment for Science Professor of Finance, Boston College Technology and the Arts Moderator Dr. Joon Yun Martin Wolf Partner and President, Palo Alto, LLC Chief Economics Commentator, Financial Times Moderator Quentin Hardy CANADIAN ROOM FOYER Deputy Tech Editor, The New York Times 6:15–7:15 PM Cocktail Reception
THURSDAY, APRIL 10, 2014
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CANADIAN ROOM 7:15–9:00 PM
KEYNOTE DINNER Innovation: To What Purpose? Fri Innovation is said to be essential for survival in most industries. Yet, innovation can be very risky—some inno- vations can even destroy value. How can managers and entrepreneurs know what to do, and how should this trade-o between innovation and risk be treated? What are the broader social goals that ought to be achieved via innovation? iday Presenter John Ralston Saul Novelist, Essayist and President, PEN International Moderator April 11, 2014 Rohinton Medhora President, Centre for International Governance Innovation
THURSDAY, APRIL 10, 2014
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CANADIAN ROOM CANADIAN ROOM 7:45–9:00 AM 9:15–10:30 AM
SUNRISE BREAKFAST PLENARY PLENARY PANEL Re exivity and Knightean Speculation and Innovation Fri Uncertainty: Implications for Economic bubbles and the corresponding speculation Economics that accompany them inevitably bust. At times, the con- sequences of these can be grave or transient. When In December the Journal of Economic Methodology pub- speculation infects the credit system that fuels the econ- lished a special issue on “George Soros’s Theory of Reex- omy—and, especially when its object oers no prospect ivity and the Methodology of Economic Science.” The of increased economic productivity, the consequences issue featured contributions from 18 leading scholars. On of this collapse are felt mostly in the short term and are this panel four of the contributors will discuss and debate unequivocally negative, maybe even catastrophic. key issues from the symposium and discuss their views But when the damage of speculation is limited to on the relationship between reexivity, fallibility, Knightian the market for equity and debt securities, the adverse uncertainty and the implications for economic theory. economic consequences of the bubble’s popping may be muted. Further, when the object of speculation is a trans- Roman Frydman formational technology, a new economy can emerge from Professor of Economics, New York University, Chairman, the wreckage. That is why, for example, the consequences Institute for New Economic Thinking Program on of the technology bubble in 2001 were radically dierent Imperfect Knowledge Economics from those of the housing bubble in 2008. So what can Cars Hommes we learn from the history of productive speculation that Professor of Economics, University of Amsterdam would help us anticipate where and how (if not when) the next bubble may emerge? Alex Rosenberg R. Taylor Cole Professor of Philosophy, Duke University Steve Fazzari Moderator Professor, Department of Economics, Eric Beinhocker Washington University in St. Louis Executive Director, Institute for New Economic Thinking, William Janeway Oxford Martin School, University of Oxford Senior Advisor, Warburg Pincus Ventures Peter Jungen 8:00 AM–12:00 PM Chairman, Peter Jungen Holding GmbH, Registration and Exhibits Director, Institute for New Economic Thinking Ramana Nanda Associate Professor, Harvard Business School Moderator John Cassidy Journalist, The New Yorker Magazine
CANADIAN ROOM FOYER 10:30–11:00 AM Coee Break
FRIDAY, APRIL 11, 2014
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11:00 AM–12:30 PM CONFEDERATE 6 Breakout Sessions BREAKOUT SESSION B Innovation and Globalization: Playing Catch-up v. Pushing the Frontier TERRITORIES ROOM Technology is an increasingly important element of global- BREAKOUT SESSION A ization and of competitiveness and that the acceleration Beyond Austerity: Default, Debt in the rate of technological change. Is it the case that the Restructuring or Recovery? pre-requisites necessary to participate eectively in glo- The global economy faces multiple simultaneous pressures balization are making it more dicult for many developing on GDP growth at a time when the scope to stimulate countries to compete and catch up? growth from public funds is said by most policy makers to be limited by high debt and decit levels. Is this true? Can Diego Comin the threat to growth in the short-or even medium-term be Associate Professor, Harvard Business School reduced in the absence of some kind of managed default Lise de Propris and debt restructuring, or can society achieve recovery in Reader in Regional Economic Department, the absence of such measures? University of Birmingham
Karl Aiginger Marjo Koivisto Director, Austrian Institute of Economic Research, Senior Manager and Global Leadership Fellow, World Vienna University Economic Forum Nelson Barbosa William Lazonick Professor, Federal University of Rio de Janiero Professor, University of Massachusetts, Lowell Ulrich Hege Moderator Professor of Finance & Director of PhD Program, Michael Shellenberger HEC School of Management President, The Breakthrough Institute Brett House Senior Fellow, Centre for International Governance Innovation Arturo O’Connell Senior Advisor, Central Bank of Argentine Republic Moderator Domenico Lombardi Director of the Global Economy Program, Centre for International Governance Innovation
FRIDAY, APRIL 11, 2014
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ONTARIO ROOM CANADIAN ROOM
BREAKOUT SESSION C 1:00–2:45 PM Pressures on Pensions LUNCH KEYNOTE The budget crisis of state and local governments has Integration, Currency Unions, and been the subject of much discussion and debate. Are Balance of Payments greedy government workers bankrupting states? Are pension-slashing politicians backed by big moneysaving Asymmetrical monetary unions, wherever and whenever the day? Or do the budget problems of state and local attempted in the absence of corresponding political insti- governments have more to do with wasteful corporate tution building, have ended up in tears and retribution. The subsidies than pensions? What are the real policy solutions Gold Standard, the various pegs between domestic curren- to the pressures placed on pensions? cies and the U.S. dollar (S.E. Asia, Argentina, Mexico etc.), the European Exchange Rate Mechanism, the Eurozone Teresa Ghilarducci that followed the latter’s collapse, all resembled historical Director, Schwartz Center for Economic Policy Analysis, invasions of Russia—that is, a brisk beginning full of enthu- The New School siasm and hope, rapid progress that seemed unstoppable, Tim Jenkinson followed by a heart wrenching slowdown as cruel winter Professor of Finance, University of Oxford, took its toll, and ending up with blood on the snow and Said School of Business innite retributions thereafter. Is the European Monetary Union invariably going to head down this course? Richard Ravitch Co-Chair, State Budget Crisis Task Force William Mitchell William Robson Professor of Economics, Charles Darwin University President and Chief Executive Ocer, C.D. Howe Institute Peter Temin Moderator Professor, Department of Economics, David Sirota Massachusetts Institute of Technology Television Commentator & Nationally Martin Wolf Syndicated Columnist Chief Economics Commentator, Financial Times Moderator Amanda Lang Journalist, Canadian Broadcasting Corporation
FRIDAY, APRIL 11, 2014
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3:00–4:30 PM ONTARIO ROOM Explorations in New Economic EXPLORATIONS IN NEW ECONOMIC THINKING SESSION B Thinking The Economics of Radical Uncertainty How do human beings truly react when confronted with TERRITORIES ROOM conditions of genuine “unknown unknowns”? According EXPLORATIONS IN NEW ECONOMIC THINKING to Frank Knight, “Uncertainty must be taken in a sense SESSION A radically distinct from the familiar notion of risk, from Internet Governance, Internet Freedom and which it has never been properly separated... the essential Economic Freedom fact is that ‘risk’ means in some cases a quantity suscep- tible of measurement, while at other times it is something Is Internet governance best left to multi-stakeholder pri- distinctly not of this character; and there are far-reaching vate sector organizations with a formal and regular pro- and crucial dierences in the bearings of the phenomena cess for input from governments? Or is this best given depending on which of the two is really present and oper- over to some international body of nation states? ating...It will appear that a measurable uncertainty, or ‘risk’ The argument against increasing public oversight is proper, as we shall use the term, is so far dierent from that governments will tend toward con icting regulation, an unmeasurable one that it is not in eect an uncertainty ltering, and censorship, whereas private sector technical at all.” innovation and business development is what has led to The economics literature from Knight onward is very the Internet freedom of expression and online commerce good at laying out the propensity of markets to greatly that most of the developed world enjoys today. At the overshoot and undershoot the fundamentals. However, same time, the people whose job it is to report the news economics does not adequately address the implications responsibly are getting kicked out of work, downsized, of “Knightean” uncertainty, because the discipline nds reduced to half time, having their pay slashed, by this it hard to model this phenomenon. To get a full measure bloodsucking monster squid of the Internet. All blogs need of this, one has to enter into the realm of psychology and information. But where is the information coming from? neuroscience. That’s where the denition lies. Radical Who is paying for the information? How is one able to uncertainty, like so much else, is too important to be left distinguish meaningful information from sheer falsehood? to the realm of economics alone. How absolute is the freedom oered by the Internet? Angus Burgin Laura DeNardis Assistant Professor, Department of History, Professor of Economics, American University The Johns Hopkins University John Knubley Paul Ormerod Deputy Minister, Industry Canada Centre for Decision Making Uncertainty, Nii Quaynor University College London, Founding Chairman, AfriNIC Institute for New Economic Thinking Grantee Moderator Eric Weinstein John Ibbitson Managing Director, Thiel Capital / Visiting Research Senior Fellow, Fellow, Oxford University Centre for International Governance Innovation Moderator Emma Rothschild Professor and Director, Center of History and Economics, Harvard University
FRIDAY, APRIL 11, 2014
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CANADIAN ROOM CANADIAN ROOM 4:45–6:15 PM 7:15–9:00 PM
PLENARY PANEL DINNER KEYNOTE Cyber War, Cyber Space: National What Money Can’t Buy Security and Privacy in the Global In recent decades, market values have crowded out non- Economy market norms in almost every aspect of life—medicine, education, government, law, art, sports, even family life Information technologies and infrastructure—from satel- and personal relations. Without quite realizing it, we have lites orbiting the earth to the smart phones in our hands, drifted from having a market economy to being a market from undersea cables to wireless networks all around society. Is this where we want to be? us, and from the global banking system to household Should we pay children to read books or to get good appliances—play an increasingly indispensable role in grades? Should we allow corporations to pay for the right daily life. At the same time, threats to cyber security are to pollute the atmosphere? Is it ethical to pay people to becoming more numerous and more serious. How does test risky new drugs or to donate their organs? What society deal with these seemingly conicting challenges? about hiring mercenaries to ght our wars? Auctioning As President Obama, senior U.S. government ocials, admission to elite universities? Selling citizenship to immi- and heads of private companies plead their ignorance, grants willing to pay? This discussion takes on one of the the NSA surveillance scandal, which now involves the biggest ethical questions of our time: Is there something monitoring of telephone calls of world leaders including wrong with a world in which everything is for sale? And if German Chancellor Angela Merkel, sows doubt between so, how can we prevent market values from reaching into allies. According to the secret NSA documents unveiled spheres of life where they don’t belong? What are the by Edward Snowden, the U.S. SIGINT system has tar- moral limits of markets? geted both enemies and allies. The documents show that the NSA has been snooping not only around European Introduction countries, but also around U.S. Pacic allies such as South Robert Johnson Korea and Japan, aiming to gather information on strategic President, Institute for New Economic Thinking technologies, economic inuence, and foreign policy, for the purpose of ensuring economic advantage and national Presenter security interests. How do we strike the correct balance Michael Sandel between security and privacy? Professor of Government, Harvard University Discussant Steven Bellovin Chrystia Freeland Professor of Computer Science, Columbia University Member of Parliament, Toronto Centre Yvo Desmedt Professor of Computer Science, University of Texas Amir Herzberg Visiting Professor, Technische Universitat Darmstadt Bart Preneel Professor, Katholieke Universiteit Leuven Moderator Tim Shorrock Writer and Commentator
CANADIAN ROOM FOYER 6:15–7:15 PM Cocktail Reception
FRIDAY, APRIL 11, 2014
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CANADIAN ROOM 7:45–9:00 AM
SUNRISE BREAKFAST PLENARY Satur New Economic Thinking The Institute for New Economic Thinking seeks to encour- age young economists to measure what hasn’t been mea- sured before, to say what they’ve been afraid to say for fear of not being published and promoted. We want to bring the eorts of the next generation into better align- ment with the needs of mankind at this critical juncture. rday We need to open the dialog, enliven the debate. We need to have purposeful minds working together, starting from the understanding that we have failed as experts in the most recent episode. One of the ways of achieving reforms in the economics profession deals with the way April 12, 2014 it is being taught in the universities. The panel seeks to address this issue and the broader subject of curriculum reform.
Wendy Carlin Professor of Economics, University College London David Colander Professor of Economics, Middlebury College Oscar Landerretche School of Economics and Business, University of Chile Perry Mehrling Professor of Economics, Barnard College, Columbia University John Smithin Professor of Economics, York University Moderator Neva Goodwin Co-Director, Global Development and Environment Institute, Tufts University
8:00 AM–12:00 PM Registration and Exhibits
SATURDAY, APRIL 12, 2014
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CANADIAN ROOM 11:00 AM–12:30 PM 9:15–10:30 AM Breakout Sessions PLENARY PANEL Finance and the Real Economy ONTARIO ROOM
Not all innovation in nance is valuable, not all trading plays BREAKOUT SESSION A a useful role, and a bigger nancial system is not necessar- Economic Progress and Financial Reform in ily a better one. Are there, in fact, good reasons for believ- China ing that the nancial industry, more than any other sector It is now widely realized that China’s sustainable eco- of the economy, has an ability to generate unnecessary nomic growth rate is slowing and its unprecedentedly high demand for its own services—that more trading and more investment ratio is unsustainable. It is less well recognized nancial innovation can under some circumstances create that its investment ratio implies a growth rate in the capital harmful volatility that customers have to hedge against, stock (perhaps 12% or more) that is hugely higher than creating more demand for trading liquidity and innovative the current speed limit on Chinese economic growth (per- products; that parts of the nancial services industry have haps 7% or less). To adjust the former down to the latter a unique ability to attract to themselves unnecessarily high obviously risks a powerful accelerator multiplier contrac- returns and create instability that harms the rest of soci- tion. So the issue at hand is whether China will bite the ety? Or can nancial innovation be harnessed so that it bullet now and take the pain or defer doing so to a later yet again serves as a handmaiden for the economy, rather date. As it is a command economy and its overall debt to than its destructive master? GDP ratio is still well below levels that have proved to be ceilings in other economies, it could well defer. But if the Ed Clark country moves too quickly toward Western style nancial President and Chief Executive Ocer, TD Bank liberalization, this might well complicate the rebalancing Axel Leijonhufvud process. Professor Emeritus, University of California Los Angeles It has becoming increasingly clear that debt growth and Professor, University of Trento, Italy has been so great in recent years the Chinese authori- ties will now try restraint/reform/rebalancing. Because Joseph Stiglitz the Chinese growth disequilibrium is now so wide, and the Professor, Graduate School of Business, Columbia debt dependence of its xed investment so great, these University policies may well inict too much pain on too many vested Adair Turner interests. In time a “stop” phase of a “stop go” policy will Senior Fellow, Institute for New Economic Thinking once again give way to a go phase led by debt depen- dent state-sponsored investment. But we will rst get Moderator that “stop” phase involving restraint/reform/rebalancing. The Right Honourable Paul Martin This panel examines a range of views on what everyone Former Prime Minister of Canada regards as a critical issue for the global economy.
CANADIAN ROOM FOYER He Fan 10:30–11:00 AM Deputy Director, Institute of World Economics & Politics, Coee Break Chinese Academy of Social Sciences Jehoon Park Professor, School of Northeast Asian Studies, University of Incheon David Wu Beijing Senior Partner, PricewaterhouseCoopers Moderator Chrystia Freeland Member of Parliament, Toronto Centre
SATURDAY, APRIL 12, 2014
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CONFEDERATE 6 TERRITORIES ROOM BREAKOUT SESSION B BREAKOUT SESSION C The Problem of the Predator State: Law and Innovation: Is Intellectual Property a Fostering Innovation While Facilitating Path to Progress? Corporate Predation Intellectual property patents assume a “one-to-one map- Simply put, too many gures on the political Right the ping” between property rights and markets. But this state is the source of all corruption and ineciency, and understanding is too simplistic. In fact, multiple overlap- it does its job best when it leaves the market to its own ping property rights often support economic markets. devices. The political Left, on the other hand, sometimes Typically, a mix of public (free access) and private (cov- retorts that the state is the only entity positioned to mobi- ered by property rights) inputs are behind the creation of lize national resources for broader public purposes. During most products. When rights are held by dierent rms the 20th century, the drive toward national development some coordination among rights holders is necessary was followed by the imperative of national security. During before a product can be sold on a market. There also is a World War II, science went to war on an unprecedented need for coordination between public technology sources scale, yielding innovations from radar to the atomic bomb. and the private rms that will draw on them. The con- And the commitment continued through the decades ventional wisdom is that stronger intellectual property of the Cold War. From 1950 through 1978, federal gov- rights inevitably will increase the pace of inventing. In the ernment agencies accounted for more than half of all standard model, the stronger a patent, the more inventive research and development spending. From silicon to eort and outcome are induced because the benets of software to the Internet, the entire array of information the research are reserved for those responsible for the and communication technologies that we use today development. The drawback of a stronger patent system originated in government programs aimed at promoting is that although there are more inventions, the use of each national security. State agencies not only funded scientic discrete technical advance is restricted and monopolies research, they also served as creative and collaborative persist for long periods. To what degree, then, should the customers for the products that followed. They pulled the law safeguard patents and to what extent do such laws suppliers down the learning curve to low cost, reliable pro- inhibit economic progress? duction. In other words, they rendered new technologies ripe for commercial exploitation. Giovanni Dosi But today’s governments around the globe are Director, Institute of Economics, rife with crony capitalism. How does the state manage Scuola Superiore Sant’Anna in Pisa its central role in the innovation economy if the state itself becomes an instrument for facilitating corporate Mariana Mazzucato, predation? R.M. Phillips Professor in the Economics of Innovation, SPRU, University of Sussex William Black Barry Sookman Associate Professor of Economics and Law, Senior Partner, McCarthy Tétrault University of Missouri, Kansas City Moderator James Galbraith Lynn Parramore Professor of Government, Senior Editor, Alternet.org Lyndon B. Johnson School of Public Aairs Michael Greenberger Professor, University of Maryland, School of Law Solomon Wisenberg Partner in White Collar Defense, Nelson Mullins Riley & Scarborough LLP Moderator Mario Seccareccia Professor of Economics, University of Ottawa
SATURDAY, APRIL 12, 2014
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CANADIAN ROOM 3:00–4:30 PM 1:00–2:45 PM Explorations in New Economic LUNCH KEYNOTE Thinking Education and Human Development: What Are the TERRITORIES ROOM
Questions? EXPLORATIONS IN NEW ECONOMIC THINKING SESSION A Is progress in education synonymous with growth and Worldwide Revolutions: Is History Repeating human development? Do lags in educational progress lead Itself? to declines in economic attainment and prosperity? Does poor education widen the gap between rich and poor? Egypt is in the throes of its worst political crisis since 2011, Even as the pace of technological change has been when massive street protests resulted in the ouster of surprisingly steady, in periods when educational progress President Hosni Mubarak. Meanwhile, in Syria, the civil outpaces this change, inequality narrows. The market is war worsens daily. Those realities, plus the ongoing prob- ooded with skilled workers, so their wages rise modestly. lems in many other Arab states, contrast dramatically with In periods like the current one, when educational prog- the optimism that surrounded the Arab Spring in 2011. ress lags behind technological change, inequality widens. Three years ago, the optimism came with the oust- The relatively few skilled workers command higher prices, ing of four dictators in the greatest challenge to author- while the many unskilled ones have little bargaining power. itarian rule since the collapse of the Soviet bloc. But if Is the source of educational decline falling school the 2011 revolts in Tunisia, Egypt, and Yemen were largely quality? Is it primarily about a shortage of funding or rising bloodless victories, they were clouded by the civil war in college tuition costs? Or does it begin more fundamentally Libya and fears that building new democratic states could at the level of family environments, which have deterio- prove more dicult than simply toppling dictators. Are rated over the past 40 years? Some children are bathed today’s revolutions a harbinger of real change, like the in an atmosphere that promotes human capital develop- one the United States experienced in 1776? Or are they ment, but, increasingly, more are not. sewing the seeds of a counter-revolution, like the Revo- lutions of 1848? Anurag Behar Chief Executive Ocer, Azim Premji Foundation, Sandra Halperin Vice Chancellor, Premji University Director of Graduate Studies, University of London Roger Benjamin Bessma Momani President and Chief Executive Ocer, Senior Fellow, Centre for International Governance Council for Aid to Education Innovation James Heckman Mustapha Nabli Professor of Economics, University of Chicago Former Governor, Central Bank of Tunisia Richard Reeves Moderator Fellow in Economic Studies and Policy Director for the John Cassidy Centre on Children and Families, Brookings Institution Journalist, The New Yorker Moderator David Sirota Television Commentator & Nationally Syndicated Columnist
SATURDAY, APRIL 12, 2014
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ONTARIO ROOM CANADIAN ROOM
EXPLORATIONS IN NEW ECONOMIC THINKING 4:45–6:15 PM SESSION B PLENARY PANEL Innovation and Inequality: Cause or Cure The Environment and Innovation: The discussion of “innovation inequality” has taken What Are the Real Costs? on greater urgency as it has melded with the growing inequality debate that is increasingly becoming a fea- For the most part, economic policy makers continue to ture of global political conversations. Many analysts have make the case that growth should be the over-arching argued in recent years that technological advances tend policy objective. In this context, environmentalism often is to intensify economic di erences, because technology seen as a cost, a trade-o that inhibits the primary growth disproportionately increases the incomes of those most objective. Such assumptions are increasingly belied by the able to take advantage of it. Thus, they say, technological literature on environmental and resource limits to growth, innovation is a driver of inequality. To what extent is this on the disconnect between higher incomes and happi- true and to what degree does technology and innovation ness, and on the failure of economic growth to meet other create a continual stream of new ideas and products that key economic, social, and environmental policy objectives. are quickly enjoyed by everyone and therefore reduce Many now also argue that innovating to solve climate inequality? problems would be hugely protable for companies and nations that do it. Steve Fazzari Professor, Department of Economics, Thomas Heller Washington University in St. Louis Executive Director, Climate Policy Initiative Marlene Kim Thomas Homer-Dixon Professor of Economics, Chair, Global Systems, Centre for International University of Massachusetts, Boston Governance Innovation Martin Schürz Amartya Sen Head of Monetary Unit, Austrian National Bank Professor of Economics and Philosophy, Lance Taylor Harvard University Director, Center for Economic Policy Analysis, Peter Victor The New School Professor of Environmental Studies, York University Moderator Moderator Wilfried Altzinger Marc Lavoie Professor of Economics, Professor of Economics, University of Ottawa Vienna University of Economics and Business
CANADIAN ROOM FOYER 6:15–7:15 PM Cocktail Reception
SATURDAY, APRIL 12, 2014
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CANADIAN ROOM 7:15–9:00 PM
DINNER KEYNOTE Secular Stagnation? The Future Challenge for Economic Policy
Five years after the nancial collapse, unemployment remains very high in much of the western world. Essen- tially every major country, with the partial exception of Japan, has tended to leave recovery to private markets and eschewed major scal policy initiatives. Increasingly, analysts are asking whether this faith in private markets is justi ed. Larry Summers has argued that we are expe- riencing “secular stagnation.” On the other hand, Japan has made some striking strides toward recovery recently. Is Japan exceptional or does the advent of “Abenomics” suggest that there are still policy tools that can create “escape velocity” for the economy and restore higher levels of growth and prosperity?
Introduction Robert Johnson President, Institute for New Economic Thinking Presenter Koichi Hamada Tungtex Professor of Economics, Yale University Larry Summers Professor, Harvard Kennedy School of Government Moderator Chrystia Freeland Member of Parliament, Toronto Centre
Conference End
SATURDAY, APRIL 12, 2014
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kers
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ANAT ADMATI is the George G.C. Parker Profes- KARL AIGINGER studied at the University of sor of Finance and Economics at the Graduate School of Vienna as well as at Purdue. He has been working for the Business, Stanford University. She has written extensively Austrian Institute of Economic Research (WIFO) since on information dissemination in nancial markets, trading . In March he became the Director of WIFO. He mechanisms, portfolio management, nancial contracting, is Professor of Economics at the Vienna University of Eco- and, most recently, on corporate governance and banking. nomics and Business. Admati has been active in the policy debate on nan- Karl Aiginger’s key areas of research are Industrial cial regulation. She is the author, with Martin Hellwig, of Economics and Policy, the Competitiveness of firms, The Bankers’ New Clothes: What’s Wrong with Banking regions and countries and he is an expert on the European and What to Do about It (Princeton University Press, Socio-economic Model. He is the editor of the Journal of March ). The book was hailed as “the most important Industry, Competition and Trade (JICT) and had the coor- to emerge from the nancial crisis” by Martin Wolf from the dination of the Competitiveness Report for the European Financial Times, and has just been published in paperback Commission for several years. He was on the board of edition. directors of the Austrian industry-holding company ÖIAG. Admati received her BS from the Hebrew University He coordinated the four years research project in Jerusalem and her MA, MPhil and PhD from Yale Univer- “WWWforEurope—a new growth path for Europe”, which sity. She is a fellow of the Econometric Society, the recip- WIFO has been undertaking together with partners for ient of multiple research grants and awards, has served as the European Commission since . This is the largest a board member of the American Finance Association and socio-economic project within the th Framework Pro- editorial boards. She currently serves on the FDIC Sys- gramme of the EU and should serve as the basis for a more temic Resolution Advisory Committee. dynamic, ecological and social Europe.
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WILFRIED ALTZINGER is associate JAMES BALSILLIE (B.Comm. Toronto, professor of economics and deputy head of the Insti - FCA Toronto, MBA Harvard) is a co-founder and former tute of Money and Finance at the Vienna University of co-CEO of Research In Motion (BlackBerry) and founder Economics and Business. He studied at the Universities of the Centre for International Governance Innovation of Linz (Austria) and Bremen (Germany). He has a PhD (CIGI). He is also the founder of the Balsillie School of in Economics from the Vienna University of Economics International Aairs (BSIA) and the Canadian International and has written his Habilitation on “Austrian FDI in Cen- Council (CIC) and co-founder of Communitech. He was tral and Eastern Europe and its Implication on Trade and the private sector representative on the UN Secretary Employment”. General’s High Panel for Sustainability and was recently He was Visiting Professor at the Department of appointed by the Government of Canada as the Chair Public Finance and Social Policy at the Free University of of the Board for Sustainable Development Technology Berlin (), Guest Professor at the University of Mau- Canada (SDTC). His awards include: Mobile World Con- ritius (), Research Fellow at the Finish Economic gress Lifetime Achievement Award, India’s Priyadarshni Research Institute () and at the Curtin University of Academy Global Award, Time Magazine World’s Most Technology, Perth, Australia (/). Inuential People, three times Barron’s list of “World’s Top His current research focuses on the theory and CEOs” and once CNBC’s list of “Worst CEOs”. empirical evidence on income and wealth. Actually he is co-organising the Annual Meeting of the Austrian Eco- nomic Association (NOeG) on “Economics of Inequality” at Vienna (Austria).
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NELSON BARBOSA holds a PhD in Eco- ANURAG BEHAR has been a vocal advocate nomics from the New School for Social Research and is for the critical importance of public systems, in particular currently Professor at the São Paulo School of Economics the public education system. His years in business have (Getulio Vargas Foundation) and the Institute of Econom- given him an insider’s view into both the possibilities and ics (Federal University of Rio de Janeiro). Doctor Barbosa limits of markets. has also worked as an economic analyst at the Brazilian He has led the social and ecological initiatives of Central Bank and, from through , he was part Wipro Ltd for the past eleven years. He continues to of the senior economic sta at the Brazilian Ministry of provide oversight to this work as the Chief Sustainability Finance, rst as Secretary of Economic Monitoring ( - Ocer of Wipro. As the CEO of Wipro Infrastructure Engi- ), and later as Secretary of Economic Policy ( -) neering, he led the business from being No. in the world and Deputy Finance Minister ( -). Doctor Barbosa’s to being the No. in years. main elds of research are Economic Growth, Income Dis- He serves on various government & industry coun- tribution and Applied Macroeconomic Models. cils, such as the National Mission on Teachers and Teacher Education, the Government of India implementation com- mittee for the Justice Verma Commission, and with the CII’s National Climate Change Council. He has an MBA from XLRI, Jamshedpur and a BE in Electrical & Electronics Engineering from National Institute of Technology, Trichy. He enjoys long distance running.
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ERIC BEINHOCKER is the Executive STEVEN M. BELLOVIN is a professor of Director of the Institute for New Economic Thinking at computer science at Columbia University, where he does the Oxford Martin School, University of Oxford. INET research on networks and security. He received a BA Oxford is a research center devoted to applying leading- degree from Columbia University, and an MS and PhD in edge interdisciplinary approaches to economic theory Computer Science from the University of North Carolina and public policy practice. INET Oxford researchers are at Chapel Hill. Bellovin has served as Chief Technologist working on issues ranging from nancial system stability, to of the Federal Trade Commission. He is a member of the economic growth, inequality, sustainability, and economics National Academy of Engineering and is serving on the and ethics. Beinhocker is also a Senior Research Fellow at Computer Science and Telecommunications Board of the Oxford’s Blavatnik School of Government, a Fellow of Oriel National Academies, the Department of Homeland Securi- College, and a Visiting Professor of Economics and Public ty’s Science and Technology Advisory Committee, and the Policy at Central European University in Budapest. Technical Guidelines Development Committee of the Elec- Prior to joining Oxford, Beinhocker had an year tion Assistance Commission; he has also received the career at McKinsey & Company where he was a partner NIST/NSA National Computer Systems Security Award. and held leadership roles in McKinsey’s Strategy Practice, Bellovin is the co-author of Firewalls and Inter- its Climate Change and Sustainability Practice, and the net Security: Repelling the Wily Hacker. He has served McKinsey Global Institute. Beinhocker writes frequently on many National Research Council study committees, on economic, business, and public policy issues and his including those on information systems trustworthiness, work has appeared in the Financial Times, Newsweek, The the privacy implications of authentication technologies, Times, Harvard Business Review, and he is the author The and cyber security research needs; he was also a member Origin of Wealth: The Radical Remaking of Economics and of the information technology subcommittee of an NRC What it Means for Business and Society. study group on science versus terrorism.
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ROGER BENJAMIN is President of the WILLIAM BLACK is an associate professor of Council for Aid to Education and a senior research ana- economics and law. He was the Executive Director of the lyst at RAND. He is also Principal Investigator and Project Institute for Fraud Prevention from -. He pre- Co-Director of CAE’s Collegiate Learning Assessment viously taught at the LBJ School of Public Aairs at the (CLA) Project. Previous to his appointment in to University of Texas at Austin and at Santa Clara University, RAND, he was professor of political science from to where he was also the distinguished scholar in residence and dean, and vice president for academic aairs and for insurance law and a visiting scholar at the Markkula provost at the University of Minnesota from to Center for Applied Ethics. Professor Black was litigation and to and senior vice chancellor for academic director of the Federal Home Loan Bank Board, deputy aairs and provost at the University of Pittsburgh from director of the FSLIC, SVP and general counsel of the Fed- to . eral Home Loan Bank of San Francisco, and senior deputy Dr. Benjamin is the author or co-author of books chief counsel, Oce of Thrift Supervision. and monographs and numerous articles on institutional His book, The Best Way to Rob a Bank is to Own design related questions in political change and public One (University of Texas Press, ), has been called “a policy including Patterns of Political Development ( ), classic.” Professor Black recently helped the World Bank The Industrial Future of the Pacic Basin ( ), and Bal- develop anti-corruption initiatives and served as an expert ancing State Intervention: The Limits of Transatlantic for OFHEO in its enforcement action against Fannie Mae’s Markets ( ). His education policy work includes From former senior management. He teaches white-collar crime, Growth to Change: The Role of the University in Postin- public ¡nance, antitrust, law and economics, and Latin dustrial Society ( ) and “Value Added Assessment of American development. Liberal Education,” Peer Review ().
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RICHARD BOOKSTABER is a Research ANGUS BURGIN is Assistant Professor of Principal in the Oce of Financial Research. He is also History at Johns Hopkins University, and received his BA Senior Adviser in the Treasury to the Financial Stability and PhD from Harvard University. His research focuses Oversight Council (FSOC). He has been instrumental in on the history of ideas about political economy in the the drafting and implementation of the Volcker Rule and United States and the Atlantic world since the late nine- in standing up the risk management structure in FSOC for teenth century. He is the author of The Great Persuasion: managing systemic risk for the U.S. nancial system. Reinventing Free Markets since the Depression (Harvard, He was the risk manager at Moore Capital Manage- ), which chronicles the transformation of market ment, then founded his own hedge fund, the Quantitative advocacy between the s and s among theorists Equity Fund at FrontPoint Partners, and had positions in including Frank Knight, Wilhelm Röpke, Friedrich Hayek, research and risk management at Bridgewater Associates. and Milton Friedman. Currently he is writing an intellectual From until , Bookstaber worked on the sell history of work since the s, exploring the origins and side; his rst ten years at Morgan Stanley in derivatives social implications of new ideas about automation, post-in- modeling and design, proprietary trading, and then as dustrialism, and the knowledge economy. His research has the rm’s rst market risk manager, and then from been supported by fellowships from the Mellon Founda- through he was in charge of rm-wide risk at Salo- tion, the Newcombe Foundation, and the American Acad- mon Brothers, overseeing both the client and proprietary emy of Arts and Sciences, and has received the Merle Curti businesses. Award from the Organization of American Historians and Richard Bookstaber is the author of A Demon of Our the Joseph Dorfman and Joseph J. Spengler Prizes from Own Design (Wiley, 2007). the History of Economics Society. He received a PhD in economics from MIT.
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WENDY CARLIN is Professor of Economics at JOHN CASSIDY has been a sta writer at The University College London (UCL), Research Fellow of the New Yorker since , and he writes the blog “Rational Centre for Economic Policy Research (CEPR), London, Irrationality” at newyorker.com. Since , he has also and Fellow of the European Economic Association. She been a columnist at Fortune. His latest book is How Mar- is co-managing editor of Economics of Transition. Her kets Fail: The Logic of Economic Calamities. Mr. Cassidy is research focuses on macroeconomics, institutions and also a contributor to The New York Review of Books and a economic performance, and the economics of transi- regular commentator for the BBC and other broadcasting tion. She is a member of the Expert Advisory Panel of the outlets. He joined The New Yorker after working for news- UK’s Oce for Budget Responsibility. She has acted as papers on both sides of the Atlantic. He joined the Sunday a consultant for international organizations such as the Times, in London, in , and served as the paper’s Wash- European Bank for Reconstruction and Development ington bureau chief for three years, and then as its business (EBRD), London, and the World Bank. She has co-au- editor, from to . thored with David Soskice two macroeconomics books: Macroeconomics and the Wage Bargain (OUP, ) and Macroeconomics: Imperfections, Institutions and Policies (OUP, ). A third book, Macroeconomics: Institutions, Instability and the Financial System, is forthcoming. She is leading an international project funded by INET on under- graduate economics curriculum reform.”
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ED CLARK was appointed Group President and DAVID COLANDER is College Professor Chief Executive Ocer of TD Bank Group on December at Middlebury College, Middlebury, Vermont. He has , . He will remain a Director until TD’s Annual authored, co-authored, or edited over books (including Meeting. a principles and intermediate macro text) and articles In , he joined Merrill Lynch, and three years later on a wide range of topics. Ed was appointed Chairman and Chief Executive Ocer He received his PhD from Columbia University and of Morgan Financial Corporation, a position he held until he has taught at Columbia University, Vassar College, the Uni- joined Canada Trust Financial Services Inc. in . Ed held versity of Miami and Princeton University where he was a number of senior positions in the federal government. the Kelly Professor of Distinguished Teaching. In he Ed graduated from the University of Toronto in was awarded the Henry H. Villard Research Award by the with a Bachelor of Arts degree. He earned his Master’s National Association of Economic Educators. degree and Doctorate in Economics from Harvard Univer- He is a former President of both the Eastern Eco- sity in and respectively. nomic Association and History of Economic Thought Soci- Ed serves as Chairman of the Board of TD Bank ety and is, or has been, on the editorial boards of numerous N.A., Vice-Chairman of the Board of TD Ameritrade Hold- journals. ing Corporation, and, chair of the Advisory Board for the His latest book, Complexity and the Art of Public School of Public Policy and Governance at the University Policy: Solving Society’s Problems from the Bottom Up, of Toronto. (with Roland Kupers) is to be published in April by Prince- In , Ed was named Canada’s Outstanding CEO ton University Press. of the Year. In and , Ed was named to Barron’s prestigious annual list of the world’s best CEOs.
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DIEGO COMIN is an Associate Professor of LISA D. COOK is an Associate Professor (with Business Administration at HBS since . He received tenure) in the Department of Economics and in Interna- his B.A. in Economics in from the University Pompeu tional Relations (James Madison College) at Michigan Fabra, Barcelona, Spain and his PhD in Economics from State University. She was the rst Marshall Scholar from Harvard University in . Between and , Spelman College and received a second B.A. in Philoso- Comin has been Assistant Professor of Economics at New phy, Politics, and Economics from Oxford University. She York University. earned a PhD in economics from the University of Califor- Comin works on macroeconomics broadly under- nia, Berkeley. stood. Part of his research consists of studying the process Among her current research interests are eco - of technological change and technology diusion both nomic history, innovation, and nancial institutions and across countries and over time. A second avenue of Com- markets. Dr. Cook is the author of a number of published in’s work studies the sources and propagation mechanisms articles, book chapters, and working papers. With former of uctuations at high and medium term frequencies. A colleague and co-author Jerey Sachs, she advised the third line of research pursued by Comin has explored the governments of Nigeria and Rwanda, and, as a Council evolution of rm dynamics and their implications for the on Foreign Relations International Aairs Fellow, she was evolution of the US economy. His work has been published Senior Adviser on Finance and Development at the Trea- mainly in academic journals. sury Department from to . During the - Comin has advised the government of Malaysia and academic year, she was on leave at the President’s Council consulted for the World Bank, IMF, Federal Reserve Bank of Economic Advisers and worked on the euro zone, nan- of New York, Citibank, Danish Science Ministry, and the cial instruments, entrepreneurship, and innovation. She is Economic and Social Research Institute (ESRI) of the gov- a guest columnist for the Detroit Free Press and a regular ernment of Japan. contributor on MSNBC.
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LISA de PROPRIS is the Reader in Regional LAURA DeNARDIS is an author, Internet Economic Development in the Department of Manage- governance scholar, and a Professor in the School of ment at the University of Birmingham. Her main research Communication at American University. Her books include interests are: small rms and clusters; competitiveness in The Global War for Internet Governance (Yale University clusters and regions; forms of clusters and governance and Press 2014); Opening Standards: The Global Politics of innovation. In parallel, she has always been concerned with Interoperability (MIT Press 2011); Protocol Politics: The the role of the government and institutions, and has looked Globalization of Internet Governance (MIT Press 2009); at policy implications arising from her work, including clus- and Information Technology in Theory (Thompson 2007, ter policy, EU regional and industrial policy. co-authored with Pelin Aksoy). She is an aliated fellow Across these themes she has made a distinctive of the Information Society Project at Yale Law School and contribution through her publications and her involve- served as its Executive Director from -. She is ment in scholarly debate. She has published extensively in also currently a Senior Fellow of the Centre for Interna- top-ranked journals including Journal of Economic Geog- tional Governance Innovation (CIGI) and the Director of raphy, Cambridge Journal of Economics, Urban Studies, Research for the Global Commission on Internet Gover- European Planning Studies, International Journal of the nance. DeNardis holds an AB in Engineering Science from Economics of Business, Journal of Public Policy. Dartmouth College, an MEng from Cornell University, a PhD in Science and Technology Studies from Virginia Tech, and was awarded a postdoctoral fellowship from Yale Law School.
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YVO DESMEDT is the Jonsson Distinguished GIOVANNI DOSI is a Professor of Economics Professor at the University of Texas at Dallas, chair at the and Director of the Institute of Economics at the Scuola University College London and a Fellow of the International Superiore Sant’Anna in Pisa; Co-Director of the task forces Association of Cryptologic Research (IACR). He received “Industrial Policy” and “Intellectual Property Rights”, his PhD ( , Summa cum Laude) from the University of IPD—Initiative for Policy Dialogue at Columbia University; Leuven, Belgium. He received the IBM Belgium Prize for Continental European Editor of Industrial and Corporate best PhD in Computer Science that year. He is an (associ- Change. Included in “ISI Highly Cited Researchers”. ate) editor of The Journal of Computer Security and Edi- His major research areas—where he is author and tor-in-Chief of IET Information Security and Chair of the editor of several works—include Economics of Innovation Steering Committees of CANS and ICITS. and Technological Change, Industrial Economics, Evolu- He was Program Chair of e.g., Crypto , the ACM tionary Theory, Economic Growth and Development, Orga- Workshop on Scientic Aspects of Cyber Terrorism , nizational Studies. and ISC . He has authored over refereed papers, A selection of his works has been published in two primarily on cryptography, computer security, and net- volumes: Innovation, Organization and Economic Dynam- work security. He has made important predictions, such ics. Selected Essays, Cheltenham, Edward Elgar, ; and as his technical description how cyber could be used Economic Organization, Industrial Dynamics and Develop- to attack control systems (realized by Stuxnet), his ment: Selected Essays, Cheltenham, Edward Elgar, . prediction computer viruses will one day attack the chip design (luckily not yet fullled), and his prediction hackers will target Certifying Authorities (DigiNotar was targeted in ).
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HE FAN is the deputy director of Institute of World STEVEN FAZZARI is Professor of Economics Economics and Politics, Chinese Academy of Social and Associate Director of the Weidenbaum Center on the Sciences. Economy, Government, and Public Policy at Washington His elds of interest include Chinese macro-econ- University in St. Louis. He received his PhD in econom- omy, international finance, and international political ics from Stanford University in . His published articles economy. He is the author or editor of books and more appear in a wide variety of academic journals and books. than papers in professional economics journals. He is Fazzari’s co-edited book from Cambridge University a columnist for many newspaper and magazines. Dr. He is Press investigates the sources and responses to the U.S. also an economics commentator for CCTV, and a regular “Great Recession” that began in late . His research guest on Dialogue, CCTV. and commentary on economic conditions has been high- He was selected as Young Global Leader by the World lighted in the national and international media, with signif- Economic Forum in , Asian Young Leader by the Asia icant recent attention to the link between rising income Society in , and Young Leader (YLF) by NCUSCR inequality and slow growth. (National Committee of US China Relationship) in . Fazzari teaches macroeconomics, from introductory Dr. He received his PhD degree () and MA freshman courses to PhD seminars. His teaching awards degree () in economics from the Graduate School, include the Missouri Governor’s award for excellence in Chinese Academy of Social Sciences. He earned a bache- university teaching and Washington University’s distin- lor’s degree in economics from Hainan University in . guished faculty award. Fazzari served six years as chair of From to , he was a visiting fellow at Harvard the Department of Economics, three years as a member University. of the Arts & Sciences Advisory Committee on Tenure and Promotion, and is now in his second term as a member of the Arts & Sciences Academic Planning Committee.
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CHRYSTIA FREELAND is a member of ROMAN FRYDMAN is Professor of Eco- Canadian Parliament for Toronto Centre. Freeland has nomics at New York University, Member of the Academic served in various editorial positions with the Financial Council and Chair of the Program on Imperfect Knowledge Times, The Globe and Mail and Thomson Reuters Digi- Economics at the Institute for New Economic Thinking. tal, where she was the managing director and editor for Over the last two decades Frydman has worked with consumer news before she announced her resignation to Michael Goldberg on a new approach that recognizes the run for the Liberal Party nomination in the by-election to key importance of unanticipated structural change for replace Bob Rae as the Member of Parliament for Toronto understanding aggregate outcomes. They presented their Centre. She won the Liberal nomination on September , approach in Imperfect Knowledge Economics, and Beyond and was elected to parliament in the November , Mechanical Markets (Princeton University Press, , . , respectively). Recently, Frydman co-edited (with Freeland has appeared several times as a panelist Edmund Phelps), Rethinking Expectations: The Way For- on Real Time with Bill Maher. She is a frequent guest on ward for Macroeconomics (Princeton University Press, public radio’s political debate program Left, Right & Center, ), which examines alternative approaches that aim to produced by KCRW In June she held a speech at the shape the post-REH research agenda in macroeconomics TED Talks, speaking on the subjects of economic inequality, and policy analysis. In recent articles, Frydman and Gold- plutocracy, globalization, and “the growing gap between berg proposed the Contingent Expectations Hypothesis the working poor and the increasingly disconnected (CEH) as an approach to building models that are com- mega-rich.” patible with rational decision-making in real-world markets. They applied CEH to the analysis of a number of outstand- ing problems in macroeconomics and nance that have confounded the extant approaches for decades.
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JAMES K. GALBRAITH holds the Lloyd M. TERESA GHILARDUCCI is a labor econ- Bentsen Jr. Chair of Government/Business Relations at omist and nationally-recognized expert in retirement the Lyndon B. Johnson School of Public Aairs, the Uni- security. Teresa holds the Bernard L. and Irene Schwartz versity of Texas at Austin. His most recent book, Inequal- Chair in economic policy analysis and directs the Schwartz ity and Instability was published in March, by Oxford Center for Economic Policy Analysis (SCEPA) that University Press. The next will be The End of Normal, from focuses on economic policy research and outreach. She Free Press in . is also Chair of the Department of Economics at The New Galbraith holds degrees from Harvard (A.B., ) School’s New School for Social Research. and Yale (PhD in Economics, ). He won a Marshall Her most recent book—When I’m Sixty Four: The Scholarship to King’s College, Cambridge, and then served Plot Against Pensions and the Plan to Save Them—inves- on the congressional sta, including as Executive Director tigates the loss of pensions on older Americans and pro- of the Joint Economic Committee. He is chair of Econo- poses a comprehensive system of reform. Her previous mists for Peace and Security and Senior Scholar at the books include Labor’s Capital: The Economics and Politics Levy Economics Institute. of Employer Pensions, winner of an Association of Ameri- In he was elected to the Accademia Nazionale can Publishers award in , and Portable Pension Plans dei Lincei. In , he was President of the Association for for Casual Labor Markets, published in . Evolutionary Economics. He is the co-winner of the Ghilarducci is on the executive board member of the Leontief Prize for advancing the frontiers of economic Economic Policy Institute, court appointed trustees for the thought. retiree health care trusts for UAW retirees of GM, Ford, and Chrysler and USW retirees of Goodyear Tire. Professor Ghilarducci previously taught economics for years the University of Notre Dame.
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NEVA GOODWIN is Co-director of the Global MICHAEL GREENBERGER is professor Development and Environment Institute, a research at the University of Maryland Francis King Carey School Of university at Tufts University, where she works to system- Law, where he teaches a course entitled “Futures, Options atize an economic theory that will have more relevance and Derivatives.” to contemporary real world concerns. She has edited In , Professor Greenberger left private law prac- more than a dozen books, and is the lead author of three tice to become the Director of the Division of Trading and introductory textbooks: Microeconomics in Context, Markets at the Commodity Futures Trading Commission Macroeconomics in Context, and Principles of Economics (CFTC) and through , he served in that position under in Context; the latest editions of all are published by CFTC Chair Brooksley Born. M.E.Sharpe, . The micro text is available in Italian; a Prior to the passage of Dodd-Frank, Professor Transitional Economies Edition was translated into Russian Greenberger testied numerous times before the House and Vietnamese. and Senate committees about that legislation. Follow- Dr. Goodwin led the creation of a “social science ing the passage of Dodd-Frank, Professor Greenberger library” which contains , full bibliographic references, was asked to testify before House and Senate oversight representing seven social sciences, and including full text committees on the implementation of Dodd-Frank and to PDFs for a third of the articles. It is being distributed widely present at three dierent roundtables sponsored by CFTC on USB drives and CD-ROMs in ¡ developing and tran- and SEC stas. sitional countries, with special eorts to reach institutions Professor Greenberger has done many media inter- with poor or no Internet access. views to discuss nancial regulation, including appearances on CNN, ABC’s “World News Tonight,” the CBS Evening News, the NBC Evening News, CNBC, MSNBC, The Jim Lehrer News Hour, NPR’s “Fresh Air,” PBS’s “Front- line,” BBC Radio, and C-SPAN. Professor Greenberger’s recent testimony and related media can be found at www.michaelgreenberger.com.
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ANDREW HALDANE is Executive Director, SANDRA HALPERIN is Professor of Inter- Financial Stability at the Bank of England. In this role, he has national Relations and co-director of the Centre for Global responsibility for developing Bank policy on nancial sta- and Transnational Politics in the Department of Politics bility issues and the management of the Financial Stability and International Relations at Royal Holloway, University Area. Andrew is a member of the Bank’s Financial Stability of London. Her research has focused primarily on the Executive Board and the new Financial Policy Commit- nature and shape of global development and its impact on tee. He is a member of various international public policy dierent parts of the world. Its principal concern has been committees, economics associations, editorial boards to understand how societies develop through essentially and academic advisory committees. Andrew has written trans-national, cross-regional processes. extensively on domestic and international monetary and is She is the author of three cross-regional and co-founder of ‘Pro Bono Economics’, which aims to broker trans-historical comparative studies: In the Mirror of the economists into projects in the charitable sector. Third World: Capitalist Development in Modern Europe (Cornell University Press, ), War and Social Change in Modern Europe: the great transformation revisited (Cam- bridge University Press, ); and Re-Envisioning Global Development: a ‘horizontal’ perspective (Routledge). She is also the author of articles on globalisation, ethnic conict, Islam, and democracy in the Middle East. She is currently at work on a study entitled The Middle East in Global Development.
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KOICHI HAMADA is Tuntex Emeritus Profes- QUENTIN HARDY is Deputy Technology sor of Economics at Yale University, where he specializes Editor at The New York Times. He writes about computing in the Japanese economy and international economics, and and society for the paper and the Bits blog. He speaks at Professor Emeritus at the University of Tokyo, where he numerous panels on technology and business, and teaches taught before coming to Yale in . Professor Hamada at the iSchool of the University of California, Berkeley. has an L.L.B. and an M.A. in Economics from the University Previously he was Executive Editor for Forbes Media, of Tokyo as well as an M.A. and PhD in Economics from writing for Forbes magazine and the Forbes.com website. Yale University. For over a decade he has appeared on “Forbes on Fox,” a He was a member of the Consulting Group that weekly business news show seen by over million viewers. advised Mike Moore, Director General of the World Trade Mr. Hardy spent eight years at The Wall Street Jour- Organization (WTO), on the future perspectives for the nal. At the Journal’s Tokyo bureau he reported on the Jap- world trade system, and he was until recently a member of anese banking crisis and market collapse. From until the Consulting Group that advises Supachai Panitchpakdi, , he covered the wireless industry and Silicon Valley Director General of the WTO. culture from the paper’s San Francisco oce. He also Koichi Hamada was a recipient of a Fulbright Schol- worked at AP/Dow Jones newswire in Tokyo from to arship, the Ford Dissertation Fellowship and the Center , covering Asian energy markets and natural resources. for Institutional Reform and the Informal Sector (IRIS) Mr. Hardy is a graduate of Kenyon College and has Fellowship. a Masters degree from the University of London. In Professor Hamada is currently Special Adviser to the he was awarded a Knight-Bagehot Fellowship from the Prime Minister of Japan, Shinzo Abe. Columbia University School of Journalism. His Forbes cover story, “Hope and Prot in Africa,” received a citation from The Overseas Press Club.
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SIMON HEAD is a Senior Fellow at the Institute JAMES J. HECKMAN is the Henry Schultz for Public Knowledge at New York University, and a Senior Distinguished Service Professor of Economics at the Member of St Antony’s College, Oxford. He is Vice Presi- University of Chicago, where he has served since . dent and Director of Programs for the New York Review of In addition, he is Professor of Science and Society in Uni- Books Foundation in New York City. He was a Senior and versity College Dublin and a Senior Research Fellow at the Associate Fellow at The Rothermere American Institute at American Bar Foundation. He is also Director of the Human Oxford University -, and a Research Fellow at the Capital and Economic Opportunity Global Working Group, Century Foundation in New York City, -. a project of the Institute for New Economic Thinking. Among the conferences he has organized as Director Heckman has published over articles and several of Programs for the New York Review of Books Foundation books. Heckman has received numerous awards for his are: ‘Philosophy as a Humanist Discipline. A conference to work, including the John Bates Clark Medal in , the Honor the Life, Work and Legacy of of Isaiah Berlin, Stuart Jacob Mincer Award for Lifetime Achievement in , Hampshire, and Bernard Williams’, held at Wadham College, and the American Agricultural Economics Association, Oxford June - . the Gold Medal of the President of the Italian Republic, He is the author of The New Ruthless Economy: awarded in . Work and Power in The Digital Age (Oxford University Heckman is the past president of the Western Eco- Press, ) and Mindless: Why Smart Machines Are nomics Association and Midwest Economics Association Making Dumber Humans (Basic Books, ). He has been and ¡rst vice-president and president-elect of the Econo- a contributor to The New York Review of Books since , metric Society, the leading world-wide organization for the and a correspondent for The Financial Times of London in study and promotion of quantitative economics. South East Asia, and for the New Statesman of London in The United States.
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ULRICH HEGE is Professor of Finance and THOMAS HELLER has served as Executive Associate Dean at HEC Paris. Previously, he has held Director of the non-governmental organization Climate positions at Tilburg University (Netherlands) and ESSEC Policy Initiative (CPI) since . (France), and as a visiting professor at London Business Since , Heller has been professor at Stanford School and New York University. A native of Germany, he University, where he has served as the Shelton Professor holds a master’s degree in Economics from Goethe Uni- of International Legal Studies, Senior Fellow at the versity Frankfurt and a PhD in Economics from Princeton Freeman Spogli Institute for International Studies and at University. On the European crisis, he has recently written the Woods Institute for the Environment. Thomas C. Heller or appeared in CNN, BBC, VoxEU, Frankfurter Allgemeine has focused his research on the rule of law, international Zeitung, Wirtschaftswoche, Les Echos, Het Financiëele climate control, global energy use, and the interaction of Dagblad, and other news outlets. In his academic research, government and nongovernmental organizations in the he has published on questions related to law and econom- developing world. ics, acquisitions and divestitures, private equity, venture He has been a contributing lead author for the IPCC capital, corporate governance, debt restructuring, and Assessment Reports, as well as a contributor to the Special bankruptcy. His research has been published in the Journal Reports on Technology Transfer and Emissions Scenarios. of Financial Economics, Review of Financial Studies, Man- Beginning in , Heller was a core team member agement Science, Journal of Business, Review of Finance, directing Project Catalyst—an analysis based project Rand Journal of Economics, Harvard Business Review, and in support of the Copenhagen Climate process. He has other international journals. advised the Secretary General of the United Nations on climate change and served with the Secretary-General’s High Level Commission on Climate Finance as Sherpa to George Soros.
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AMIR HERZBERG is a Visiting Professor in THOMAS HOMERDIXON holds the the department of computer science, Technische Univer- CIGI Chair of Global Systems at the Balsillie School of sität Darmstad, as well as a tenured Associate Professor in International Aairs in Waterloo, Canada. He received his the department of computer science, Bar Ilan University. PhD from the Massachusetts Institute of Technology in He received B.Sc. ( , Computer Engineering), M.Sc. international relations, defense and arms control policy, and ( , Electrical Engineering) and D.Sc. ( , Computer conict theory in . Later at the University of Toronto, Science), all from the Technion, Israel. His current research he led several pioneering research projects investigating interests include: the links between environmental stress and violence in Network security, esp. Internet protocols: TCP/IP, poor countries. Since joining the University of Waterloo in DNS, routing, Denial-of-Service, spam , his research has focused on threats to global security Applied cryptography: provable yet applied. Esp., in the st century, including economic instability, climate crypto-protocols for security, and resilient crypto (to change, and energy scarcity. exposures, cryptanalysis, side-channels) Dr. Homer-Dixon’s books include The Upside of Privacy, anonymity and covert communication, Down: Catastrophe, Creativity, and the Renewal of Civili- including defenses and attacks (e.g., on Tor). zation, which won Canada’s ¢ National Business Book Cyber-security, mainly: Malware communication Award, The Ingenuity Gap, which won the Governor and detection, security of devices and autonomous General’s Non-ction Award, and Environment, Scarcity, agents (robots). and Violence, which won the Caldwell Prize of the Usable security and social-engineering attacks, American Political Science Association. incl. phishing, and defenses—even for naive users (`Johnny`). Financial cryptography, i.e., using cryptography to innovate nancial systems, protocols and networks, esp. payments. Trust management—building and using it, mainly to secure e-commerce, P2P networks, and more. Network protocols and distributed algorithms, esp. peer to peer and social networking, vehicular networking. He lled research and management positions in IBM Research, Israeli Defense Forces and several companies, and is consulting when time allows.
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CARS HOMMES holds a PhD in Mathematical BRETT HOUSE is a Senior Fellow at the Centre Economics in from the University of Groningen and for International Governance Innovation, a Chazen Visiting is professor of Economic Dynamics at the University of Scholar at Columbia Business School, a Senior Fellow at Amsterdam. In he obtained a prestigious Pionier-grant the Jeanne Sauvé Foundation, and a Lecturer in the Eco- from the Netherlands Organization of Scienti c Research nomics Department at McGill, where his research focuses (NWO) to start the Center for Nonlinear Dynamics in on economic growth, trade, nancial crises and sovereign Economics and Finance (CeNDEF), an interdisciplinary debt restructuring. He is also an advisor to Tau+ Invest- research group on complex systems applications in eco- ment Management, a start-up impact fund in New York. nomics and nance. He held visiting positions at University Brett previously worked in a diverse range of roles across of Wisconsin, Stanford University and New York University. academia, policy making and nancial markets, including CH is particularly well known from his influential positions with NY-based global macro fund Woodbine work with William Brock (University of Wisconsin, USA), Capital Advisors, the United Nations, Columbia University, developing a behavioral theory of heterogeneous expec- the IMF, Oxford University, the World Bank and Goldman tations and its applications to economics and nance. The Sachs International. He is originally from Vineland Station, CeNDEF group has tested the heterogeneous expecta- Ontario. tions hypothesis empirical and in laboratory experiments and CH is one of the pioneers in Experimental Macroeco- nomics. CH is INET grantee for a project on Heteroge- neous Expectations and Financial Crisis (HExFiCs) and in the INEXC network on expectational coordination(www. expectational-coordination.com) . CH has published more than articles, has been Editor of the Journal of Economic Dynamics and Control - and currently is member of ve editorial boards of international journals. He is the author of the recent book Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems, Cambridge University Press, and winner of the Distinguished Lorentz Fellowship in the Netherlands for his interdisciplinary research.
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JOHN IBBITSON one of Canada’s most WILLIAM H. JANEWAY joined Warburg respected journalists and authors, has lived many writing Pincus in . Prior to joining the rm, Dr. Janeway was lives. He became a CIGI Senior Fellow in . executive vice president and director at Eberstadt Flem- He was born in the Ontario, graduating from the Uni- ing. Dr. Janeway is a director of Magnet Systems, Nuance versity of Toronto in with an Honours B.A. in English Communications, O’Reilly Media and Roubini Global Eco- and from the University of Western Ontario in with an nomics. He is also chairman of the Board of Trustees of M.A. in Journalism. Cambridge in America, University of Cambridge and a Ibbitson worked as a reporter and columnist for the founder member of the Board of Managers of the Cam- Ottawa Citizen, the National Post and, since , The bridge Endowment for Research in Finance (CERF). Dr. Globe and Mail. He has served as the paper’s Queen’s Park Janeway is a member of the Board of Directors of the bureau chief, Washington bureau chief and Ottawa bureau Social Science Research Council, the Board of Gover- chief, becoming Chief Political Writer in . nors of the Institute for New Economic Thinking and the Along the way Ibbitson published four works of politi- Board of Science Technology and Economic Policy of the cal analysis. His most recent work is the national bestseller National Academy of Sciences. He received his doctorate The Big Shift: The Seismic Change in Canadian Politics, in economics from Cambridge University where he was a Business and Culture, and What it Means for Our Future Marshall Scholar and was valedictorian of the Class of (HarperCollins, ), which he co-wrote with Darrell at Princeton University. Bricker. He is also a writer of plays and of novels, including The Landing (Kids Can Press, ), which won the Governor General’s Award for Children’s Literature.
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TIM JENKINSON is Professor of Finance at ROBERT JOHNSON serves as the President the Said Business School, Oxford University. One of the of the Institute for New Economic Thinking (INET) and a leading authorities on private equity, IPOs, and institutional Senior Fellow and Director of the Global Finance Project asset management, Tim is renowned for his ability to col- for the Franklin and Eleanor Roosevelt Institute in New lect critical, previously inaccessible, data by building strong York. links with institutional investors, banks and other players in Johnson is an international investor and consul- the nancial industry. His research is widely quoted and has tant to investment funds on issues of portfolio strategy. been published in the top academic journals. He is Head of He recently served on the United Nations Commission the Finance Group at Said Business School, Director of the of Experts on International Monetary Reform under the Oxford Private Equity Institute, and is one of the found- Chairmanship of Joseph Stiglitz. ers of the Private Equity Research Consortium. He is also Previously, Johnson was a Managing Director at Chairman of the leading economics consultancy Oxera, Soros Fund Management where he managed a global cur- and has held board positions in several funds and com- rency, bond and equity portfolio specializing in emerging panies. A renowned teacher and presenter, Tim teaches markets. Prior to working at Soros Fund Management, he executive courses on private equity and is a regular con- was a Managing Director of Bankers Trust Company man- tributor to practitioner conferences. aging a global currency fund. He studied economics as an undergraduate at Cam- Johnson served as Chief Economist of the US Senate bridge University, before going as a Thouron Fellow to the Banking Committee under the leadership of Chairman Wil- University of Pennsylvania. He then returned to the UK and liam Proxmire (D. Wisconsin). Before this, he was Senior obtained a DPhil in Economics from Oxford. Economist of the US Senate Budget Committee under the leadership of Chairman Pete Domenici (R. New Mexico). Johnson was an Executive Producer of the Oscar winning documentary, Taxi to the Dark Side, directed by Alex Gibney, and is the former President of the National Scholastic Chess Foundation. He currently sits on the Board of Directors of both the Economic Policy Institute and the Campaign for America’s Future. Johnson received a PhD and M.A. in Economics from Princeton University and a B.S. in both Electrical Engineer- ing and Economics from the Massachusetts Institute of Technology.
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PETER JUNGEN Chairman of Peter Jungen EDWARD J. KANE is Professor of Finance at Holding GmbH, is co-founder of or investor in numerous Boston College. From to he held the Everett D. start-ups in Europe and in the US like Idealo GmbH, the Reese Chair of Banking and Monetary Economics at Ohio leading German comparison shopping platform. He is State University. He served for twelve years as a trustee Co-Founder and President of “Business Angels Netzw- and member of the nance committee of Teachers Insur- erk Deutschland”, (BAND, - ), “European Business ance. Currently, he consults for the World Bank and is a Angels Network” (EBAN, - ) and a member of the senior fellow in the Federal Deposit Insurance Corpora- New York Angels. tion’s Center for Financial Research. Previously, Kane has He is: consulted for numerous agencies, including the IMF, com- Member of the Advisory Council, Deutsche Bank AG ponents of the Federal Reserve System, and three foreign Board Member, New York Philharmonic central banks. He consulted as well for the Congressional Chairman, Project Syndicate Budget Oce, the Joint Economic Committee, and the Member, International Josef Schumpeter Society Oce of Technology Assessment of the U.S. Congress. Honorary Chairman, Center on Capitalism and Soci- He is a past president and fellow of the American Finance ety, Columbia University Association and a former Guggenheim fellow. He has In September the leading German business authored three books and coauthored or coedited several magazine Wirtschaftswoche named Peter Jungen one more. He has published widely in professional journals and of the most important personalities of the “New currently serves on seven editorial boards. He received a Economy“ (New Economy Top ). In August Peter BS from Georgetown University and a PhD from the Mas- Jungen was awarded the Commander’s Cross of the Order sachusetts Institute of Technology. of Merit of the Federal Republic of Germany by the Presi- dent of the Federal Republic of Germany.
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MARLENE KIM is Professor of Economics at JOHN KNUBLEY became Deputy Minister of the University of Massachusetts Boston and is currently Industry Canada in September . also a Visiting Scholar in the Economics Department at From to , John worked at the Federal-Pro- the University of New Hampshire. She specializes in race vincial Relations Oce. John’s career in the public service and gender discrimination in employment and the working began in , with the Economic Council of Canada. poor. She has published Race and Economic Opportunity John joined the Privy Council Oce in as Direc- in the Twenty-First Century (Routledge ) as well as tor of Operations, Intergovernmental Aairs. From numerous scholarly articles on these topics. She is the to , he held several positions at Human Resources recipient of the rst Rhonda Williams Prize for her work Development Canada, including Assistant Deputy Minis- on race and gender discrimination and serves as Associate ter of Corporate Aairs and of Planning and Employment Editor of Feminist Economics and on the Editorial Boards Insurance. of Industrial Relations, the Review of Radical Political From until , John lived in Halifax where he Economy and Panoeconomics. Her current research also served as Vice-President (Nova Scotia) of the Atlantic investigates race and gender discrimination, especially the Canada Opportunities Agency. intersection of these, and the impact of the Stimulus Act In , John served as Deputy Minister of Intergov- in Massachusetts. She holds a PhD in Economics from the ernmental Aairs at the Privy Council Oce. University of California, Berkeley. John has a B.A. from Yale University and a Master of Philosophy, Politics and Economics from the University of Oxford. He also obtained a post-graduate diploma from the Institut Européen des Hautes Études Internationales in Nice, France, as well as a Master’s degree in Public Administration from Harvard University’s Kennedy School of Government.
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MARJO KOIVISTO is Senior Programme OSCAR LANDERRETCHE is the Director Manager in Economics and Finance at World Economic of the School of Economics and Business of the Univer- Forum, and as Global Leadership Fellow, part of a -year sity of Chile where he teaches Macro, Labour and Political executive leadership development program that involves Economy. He was the founding director of the Masters a Master’s program at INSEAD, London Business School, in Public Policy programme of the University of Chile, Columbia Business School and Wharton School of Executive Secretary for the Programme of President Business. She previously worked in private sector devel- Bachelet during the primaries, Executive Secretary opment operations in Africa, Middle East and Europe for of the Presidential Advisory Council on Labour and Equal- World Bank’s Finance and Private Sector Development ity during -, and Chief Economist of President Frei’s network, and as assistant professor at Exeter University, presidential bid. He is the founder of the TEJOS Young UK. She was awarded her PhD from London School of Socialist Economist Workshop and the INFOCAP Union Economics, and specializes in political economy of growth Leadership School. He has also worked extensively as mac- and social impact investments. ro-nancial and political consultant to Wall Street nancial intermediaries and to the Chilean Ministry of Finance. His undergraduate studies where at the University of Chile and he also holds a PhD in economics from MIT.
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AMANDA LANG is the senior business corre- MARC LAVOIE is Professor in the Department spondent for CBC News, contributing regularly to CBC of Economics at the University of Ottawa, where he has News “The National.” She also anchors “The Lang & taught for years. He is also a Research Fellow at the O’Leary Exchange” on CBC News Network, appearing Macroeconomic Research Institute of the Hans Böckler with “dragon” Kevin O’Leary. Foundation in Düsseldorf and a Research Associate at the Before joining CBC, Lang hosted Business News Net- Broadbent Institute in Toronto. Lavoie has published close work’s SqueezePlay. She is a veteran business journalist to articles or book chapters in a wide variety of elds, who got her start at The Globe and Mail before moving to in particular macroeconomics and monetary economics. the Financial Post, rst as a technology reporter and later With Wynne Godley he has written Monetary Econom- as the paper’s New York correspondent. ics: An Integrated Approach to Money, Income, Produc- Lang began her television career in , at the newly tion and Wealth ( ) and with Mario Seccareccia, he launched Report on Business Television (now known as has authored the Canadian edition of the Baumol and Business News Network). During that time she has also Blinder rst-year textbook ( ). He has recently edited worked as a reporter and anchor at CNN. In Defense of Post-Keynesian and Heterodox Economics Lang is a frequent guest speaker on business and (with F. Lee, ) and Wage-led Growth: An Equitable economics, and is the best selling author of The Power Strategy for Economic Recovery (with E. Stockhammer, of Why. ). Post-Keynesian Economics: New Foundations, a -page synthesis, is scheduled to come out in mid- .
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WILLIAM LAZONICK is professor of eco- AXEL LEIJONHUFVUD was born in nomics at UMass Lowell, where he directs the Center for Sweden and obtained his bachelors degree at the Industrial Competitiveness. He is president of The Aca- University of Lund. In America, he earned an M.A. from demic-Industry Research Network. He is visiting profes- the University of Pittsburgh and his PhD from Northwest- sor at the University of Ljubljana. Previously, Lazonick was ern University. He came to the University of California at assistant and associate professor of economics at Harvard Los Angeles and was named Full Professor in , served University, professor of economics at Barnard College of repeatedly as Department Chairman until retirement. From Columbia University, and distinguished research profes- he was Professor of Monetary Theory and Policy at sor at INSEAD in France. He holds an honorary doctorate the University of Trento, Italy and became Professore from Uppsala University. Lazonick’s research focuses on emerito of that University in . the social conditions of innovation and development in Professor Leijonhufvud has honorary degrees from advanced and emerging economies. His book, Sustainable the University of Lund, Sweden, the University of Nice, Prosperity in the New Economy? Business Organization Sophia-Antipolis, France, and the University of Cor - and High-Tech Employment in the United States (Upjohn doba, Argentina. He has been a Fellow of the Institute Institute for Employment Research ) was awarded of Advanced Studies in Princeton and at the Centers for the Schumpeter Prize by the International Schum- Advanced Studies in Vienna, Jerusalem and he is an Over- peter Society. He is currently running an INET project, seas Fellow of Churchill College, Cambridge. “Impatient Capital in High-Tech Industries”, and also one Dr. Leijonhufvud’s best-known work, On Keynes- on “Financial Institutions for Innovation and Development” ian Economics and the Economics of Keynes: A Study in funded by the Ford Foundation. Monetary Economics (Oxford, ). This line of research was pursued further in Information and Coordination (Oxford: ) and (with Daniel Heymann) in High Inations (Oxford, ). Other books: Macroeconomic Instability and Coordination.
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JONATHAN LEVY is Assistant Professor of DOMENICO LOMBARDI is director of History and John Maclean Jr., Presidential University Pre- CIGI’s Global Economy program, overseeing the research ceptor at Princeton University. His research focuses upon direction of the program and related activities. He also the business and economic history of the United States, serves as Chair of The Oxford Institute for Economic and also intellectual history. He is the author of the mul- Policy, Vice Chair of New Rules for Global Finance Coali- tiple prize-winning book, Freaks of Fortune: The Emerg- tion, and sits on the advisory boards of the Bretton Woods ing World of Capitalism and Risk in America (Harvard UP, Committee in Washington, the G Research Group and ). the G Research Group at the University of Toronto, and Levy is currently working on two books projects. The the Istituto Aari Internazionali in Rome. Mr. Lombardi is a rst is a history of American capitalism, Ages of American member of the Financial Times Forum of Economists and Capitalism (forthcoming, Random House), and the second editor of the World Economics Journal. is a history of American corporations, examining the rela- In , he served as the rapporteur for the High- tionship between for prot and nonprot corporations. Level Panel on the Governance of the Financial Stabil- Levy has held fellowships from the American Coun- ity Board. A year earlier, he was appointed by the World cil of Learned Societies, the John W. Kluge Center at the Bank Group’s Board of Directors as the External Reviewer Library of Congress, and the Center for Advanced Study in to conduct the rst independent review of the Group’s the Behavioral Sciences at Stanford University. Oversight and Accountability Units. In , Mr. Lombardi He holds a BA from Yale University and PhD from the authored the report to the IMF Managing Director on IMF University of Chicago. Governance Reform (“Fourth Pillar Report”). Prior to that, Mr. Lombardi’s distinguished career includes positions on the executive boards of major international nancial insti- tutions such as the International Monetary Fund and the World Bank. His academic interests focus on the global econ- omy and currencies, global governance, the G, the G , and the reform of the international nancial and monetary system. His research has been published in peer-reviewed journals and has been referred to in Congressional and Parliamentary hearings around the world. He has testied before the U.S. Senate Committee on Banking, Housing, and Urban Aairs and the Subcommittee on Security and International Trade and Finance. Mr. Lombardi has an undergraduate degree summa cum laude in Banking and Finance from Bocconi University, Milan, and a PhD in eco- nomics from Oxford University (Nueld College).
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The Right Honourable PAUL MARTIN was MARIANA MAZZUCATO (PhD) is RM Prime Minister of Canada from to and Minister Phillips Professor in the Economics of Innovation at the of Finance from to . University of Sussex (SPRU). In the New Republic During his tenure as Minister of Finance, he erased called her one of the “ most important thinkers about Canada’s decit which was the worst of the G, subse- innovation”. Previously she has held academic positions at quently recording ve consecutive budget surpluses while the University of Denver, London Business School, Open paying down the national debt and setting Canada’s debt- University, and Bocconi University. Her research focuses to-GDP ratio on a steady downward track. on the relationship between nancial markets, innovation, He strengthened the regulations governing Canada’s and economic growth, and is currently funded by the nancial institutions, with the result that Canada is now Institute for New Economic Thinking (INET); the Ford viewed as an international model for sound nancial reg- Foundation and the European Commission. She advises ulation. Mr. Martin was named the inaugural chair of the the UK government and the EC on innovation-led growth Finance Ministers’ G in and as Prime Minister he through three expert groups. Her new book The Entrepre- advocated its elevation to the Leaders’ level which subse- neurial State: Debunking Private vs. Public Sector Myths quently occurred in . (Anthem, )—on the top books list of the Financial Before entering politics, he was Chairman and Chief Times, Forbes and Hungton Post—focuses on the need Executive Ocer of The CSL Group Inc. Its acquisition by to develop new frameworks to understand the role of the Mr. Martin in represented the most important lever- state in economic growth—and how to enable rewards aged buyout in Canada at that time. from innovation to be just as ‘social’ as the risks taken.
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ROHINTON MEDHORA is President PERRY MEHRLING is the Director of Educa- of the Centre for International Governance Innova- tion Programs for the Institute for New Economic Thinking. tion, a non-partisan think tank located in Waterloo, Mehrling has been a professor of economics at Bar- Ontario, Canada. CIGI’s research programs focus on nard College since . He teaches courses on the eco- three themes: global economy; global security & poli- nomics of money and banking, the history of money and tics and international law. Previously he was Vice Pres- nance, and the nancial dimensions of the U.S. retire- ident, Programs at Canada’s International Development ment, health, and education systems. He also has held Research Centre, a research funder. He received his visiting positions at the MIT Sloan School of Management doctorate in economics in from the University of and Boston University. Toronto, where he also subsequently taught for a number Mehrling is the author of The New Lombard Street: of years. His elds of expertise are monetary and trade How the Fed Became the Dealer of Last Resort, which policy, international economic relations, and aid eective- was published by Princeton University Press in , and ness. He has published extensively on these issues and is Fischer Black and the Revolutionary Idea of Finance, currently co-editing books on development thought and which was published by John Wiley & Sons in and practice, Canada’s relations with Africa, and Canada’s reissued in a revised paperback edition in . role in the international nancial system. He serves on the Mehrling received a bachelor’s degree from Harvard Boards of the Institute for New Economic Thinking and the University, a master’s degree from the London School of Partnership for African Social and Governance Research. Economics, and a PhD from Harvard University.
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WILLIAM MITCHELL is a professor of eco- BESSMA MOMANI is an Associate Professor nomics at the Charles Darwin University and a notable in the Department of Political Science at the University of proponent of Modern Monetary Theory. Mitchell works Waterloo and the Balsillie School of International Aairs, to promote active government economic policies and the and Senior Fellow at the Centre for International Gov- use of budget decits as a tool for economic productivity. ernance Innovation (CIGI). She has been Non-Resident He is Director of the Centre of Full Employment and Equity Senior Fellow at the Brookings Institution in Washington, (CofFEE), a non-profit, research organization whose D.C., a Canada-US Fulbright Scholar, Visiting Scholar at stated focus is on the policies that can restore full employ- Georgetown University’s Mortara Center, and Visiting ment and achieve an economy that “delivers equitable out- Scholar at the Amman Institute in Jordan. comes for all”. Mitchell participates in various public and She has authored and co-edited over six books and community activities, on issues of politics, economics and over scholarly, peer-reviewed journal articles and book the environment. Mitchell’s most widely known publication chapters that have examined the IMF, the World Bank, and to date is Full Employment Abandoned: Shifting Sands and others. Dr. Momani has received a number of Social Sci- Policy Failures (), co-written with Joan Muysken of ences and Humanities Research Council awards and prizes Maastricht University. The authors trace the theoretical for her research on global economic governance and polit- analysis of the nature and causes of unemployment over ical economy of the Middle East. Dr. Momani is a regular the last years and argue the shift from involuntary to contributor to national and international media on the Arab so-called “natural rate” concepts of unemployment are Spring and on global economic governance issues. She has behind an “ideological backlash” against state intervention. written for the New York Times, The Economist, The Globe Bill Mitchell received his PhD in Economics, University of and Mail, The Toronto Star, The Ottawa Citizen, and many Newcastle and Master of Economics Monash University. other reputable international newspapers.
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MUSTAPHA K. NABLI is currently interna- RAMANA NANDA is Associate Professor of tional consultant and researcher in the area of economic Business Administration and Marvin Bower Fellow at Har- and social development. He specializes in the Arab and vard Business School. He teaches Entrepreneurial Finance Middle East and North Africa region. He is also currently in the second year of the MBA program and in HBS exec- Chairman of the Board of Directors of the Partnership for utive education oerings. Economic Policy, a global research network; and member Ramana’s research focuses on the ways in which the of the Board of the Global Development Network, an Inter- nancial sector impacts innovation and entrepreneurship in national Organization dedicated to capacity building for the economy. One strand of research examines the role of research in economic and social development. nancial intermediaries such as banks and VCs in shaping He was Governor of the Central Bank of Tunisia from the founding and growth of new ventures in a region. A January , just after the revolution, until July . Prior second, related strand, examines how government policy to joining the World Bank, he was during the period - towards the nancial sector impacts innovation, entrepre- an independent consultant and researcher. From neurship and productivity growth in the economy. to he was Minister of Planning and Regional Devel- Ramana is a Faculty Aliate at the Center for Inter- opment, then Minister of Economic Development in the national Development and the Center for the Environment Government of Tunisia. His elds of interest include inter- at Harvard University and a Research Associate at the national trade, economic integration, applied econometrics, Center for Corporate Performance in Arhus, Denmark. He macro and monetary economics, institutional economics received his PhD from MIT’s Sloan School of Management and economic development in general. and has a BA and MA in Economics from Trinity College, Mustapha K. Nabli holds a Master’s and a PhD in Cambridge, U.K. He is a recipient of the Kauman Economics from the University of California at Los Ange- Junior Faculty Fellowship in Entrepreneurship Research. les ().
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RICHARD R. NELSON is an economist by ARTURO O’CONNELL, presently formal training. Over his career he has taught at Oberlin Advisor to the Chair of the Board of Governors, College, Carnegie Mellon University, Yale University, and Central Bank of the Argentine Republic; Formerly Member Columbia University. He now heads the program on Sci- of that Board of Governors (-; - ). Also, ence, Technology, and Global Development, at the Colum- ( - ), co-director of the Centro de Economía bia Earth Institute, and is George Blumenthal Professor of Internacional (Centre for the International Economy) at International and Public Aairs, Business, and Law, Emer- the Ministry of Foreign Aairs of Argentina and Direc- itus, at Columbia University. He has served as research tor of the Master’s Degree in Integration with particular economist and analyst at the Rand Corporation, and at reference to MERCOSUR, University of Buenos Aires the President’s Council of Economic Advisors. (-). Secretary General for the Latin American His central interests have been in long-run economic Region of the Latin American Faculty of Social Sciences change. Much of his research has been directed toward (FLACSO) ( - ). Lecturer and research worker at understanding technological change, how economic several centres and universities in Argentina, rest of Latin institutions and public policies inuence the evolution of America, Great Britain and the European Continent. Con- technology, and how technological change in turn induces sultant to regional and international organizations. Holds a institutional and economic change more broadly. His most Degree—Master’s level—in Mathematics (University of cited works have included his book with Sidney Winter, Buenos Aires) and proceeded to study Economics as a PhD An Evolutionary Theory of Economic Change, and his candidate at King’s College, Cambridge University, Eng- National Innovation Systems. land. Has published extensively on international nancial matters, external debt, history of international economic relations and economic integration.
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PAUL ORMEROD is a Visiting Professor at JEHOON PARK is presently the Secretary-Gen- the Centre For Decision Making Uncertainty at Unversity eral of the Asia Economic Community Forum and Professor College London. He has many years of experience in work- at the School of Northeast Asian Studies at the Incheon ing with companies to develop models to enhance their National University. His primary areas of interest are North- decision making. He has developed forecasting and cor- east Asian Economy, Comparative Economics, and Tran- porate decision systems using a wide range of techniques, sition Economics. He completed his B.A. and rst M.A. at including expert systems and behavioral modeling. He is an Seoul National University. He also attended the Ohio State acknowledged expert on advanced modeling techniques, University for his second M.A. and PhD in Economics. Dr. and is frequently invited to address academic groups all Park has also served as Visiting Scholar to Saint Peters- over the world across a broad range of disciplines, econ- burg State University and UC Berkeley, Dean of College omists, physicists, computer scientists and simulation of Northeast Asian Studies at Incheon National University, modelers. Research Fellow at the Korea Institute for International Paul is a best-selling and award winning author. He Economic Policy, Teaching Associate at the Ohio State Uni- has authored four books, with the most recent being Posi- versity, and Researcher for Korea Institute for Economics tive Linking, released in the summer of . Paul originally & Technology. Additionally, he has organized the Annual read Economics at Cambridge University, then took the International Conferences by Northeast Asia Intellectu- MPhil in economics and econometrics at Oxford University. als’ Solidarity Korea (NAIS Korea) as the Secretary Gen- He has kept close academic links, and in was elected eral since . Policy experience includes serving as an a Fellow of the British Academy of Social Sciences. In advisor to the Ministry of Economy and Finance of Korean he was awarded a DSc honoris causa for the ‘distinction of Government and Incheon Metropolitan City since . He your contribution to economics’. co-edited Political Economy of Northeast Asian Regional- ism: Political Conict and Economic Integration published by Edward Elgar , Regionalism, Economic Integration and Security in Asia: A Political Economy Approach pub- lished by Edward Elgar and Asian Responses to the Global Financial Crisis: The Impact of Regionalism and the Role of the G published by Edward Elgar .
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LYNN PARRAMORE is a cultural theorist BART PRENEEL received the Electrical Engi- who studies the intersection of culture and economics. neering degree and the Doctorate in Applied Sciences from She is the Director of the New Economic Dialogue Project the Katholieke Universiteit Leuven (Belgium). He is cur- at AlterNet, where she received the Bill Moyers fellowship rently full professor (gewoon hoogleraar) at the Katholieke in journalism for . She is also a regular columnist at Universiteit Leuven. He has authored and co-authored Reuters and Al Jazeera, and a frequent commentator on more than scienti c publications and is inventor of major news outlets, from the New York Times to MSNBC. two patents. Lynn’s rst book of cultural history, Reading the Sphinx, He has participated to more than research proj- was published by Palgrave in and chosen as a “Nota- ects sponsored by the European Commission, for four of ble Scholarly Book” for that year by the Chronicle of Higher these as project manager. He was program (co-)chairman Education. A web entrepreneur, Lynn is co-founder of the of international conferences and has been a member of Next New Deal (formerly New Deal .) blog of the Roo- more than international program committees. He has sevelt Institute, where she served as media fellow from been invited speaker at international conferences and - . She is also co-founder of Recessionwire.com. workshops. He has lectured at international Summer In her book Third World America, Arianna Hungton high- Schools in countries. lighted Lynn as a “can-do entrepreneur” to watch. In , he has received the European Information Lynn received her doctorate from New York Univer- Security Award in the area of academic research, and he sity in . She has taught writing and semiotics at NYU received an honorary Certi ed Information Security Man- and has collaborated with some of the country’s leading ager (CISM) designation by the Information Systems Audit economists on her ebooks, including “Corporations for the and Control Association (ISACA). %” with William Lazonick and “New Economic Visions” He is president of L-SEC vzw. (Leuven Security with Gar Alperovitz. In , Lynn co-edited a key docu- Excellence Consortium), an association of companies mentary book on the Occupy movement: The %: How and research institutions in the area of e-security. the Occupy Movement is Changing America.
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NII QUAYNOR pioneered Internet development RICHARD RAVITCH is an American politi- and expansion throughout Africa for nearly two decades, cian and businessman who served as the th Lieutenant establishing some of Africa’s rst Internet connections and Governor of New York from to . He earned a law helping set up key organizations, including the African Net- degree from Yale Law School and has worked in his fam- work Operators Group. He also was the founding chairman ily’s real estate development business, a number of gov- of AfriNIC, the African Internet numbers registry. ernment and government-appointed positions, including He earned a PhD in Computer Science in , from with the New York State Urban Development Corporation the State University of New York at Stony Brook and and Metropolitan Transportation Authority, and in private helped establish the Computer Science Department at the industry, including tenures as chairman of the Bowery Sav- University of Cape Coast in Ghana, where he has taught ings Bank and as the chief owner representative in labor since . He was the rst African to be elected to the negotiations for Major League Baseball. In , Ravitch board of the Internet Corporation for Assigned Names and became a partner in Ravitch, Rice & Company, and was the Numbers (ICANN) and served as an at-large director of chairman of both the AFL-CIO Housing Investment Trust’s ICANN for the African region from to . Board of Trustees, and the AFL-CIO Building Investment Dr. Quaynor was a member of the United Nations Trust’s Advisory Board. He was appointed by Paterson in Secretary General Advisory Group on ICT, Chair of the OAU to assist in xing the nances of the MTA and was a Internet Task Force and President of the Internet Society delegate for Barack Obama in the election. of Ghana. In , the Internet Society awarded him the Jonathan B. Postel Service Award for his pioneering work in advancing the Internet in Africa. He is a member of the IGF Multi-Stakeholder Advisory Group (MAG).
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RICHARD REEVES is a fellow in Economic WILLIAM B.P. ROBSON took oce as Studies and policy director for the Center on Children and President and CEO of the C.D. Howe Institute in July Families whose research focuses on economic mobility. He , after serving as the Institute’s Senior Vice President is also an associate director of CentreForum. Before his since and Director of Research since . He has move to Washington, DC in the summer of , he worked written more than monographs, articles, chapters and as director of strategy to the UK’s Deputy Prime Minis- books on such subjects as government budgets, pensions, ter. He is a former director of Demos, the London-based healthcare nancing, ination and currency issues. His political think-tank. Richard is the author of John Stuart work has won awards from the Policy Research Secretar- Mill – Victorian Firebrand, an intellectual biography of the iat, the Canadian Economics Association, and the Donner British liberal philosopher and politician, as well as a series Canadian Foundation. Bill lectured on public nance and of articles, radio programs and publications on politics public policy at the University of Toronto from to and policy. His other principal areas of interest are the . He is a Senior Fellow at Massey College, holds an theory and practice of coalition building; the development ICD.D designation from the Institute of Corporate Direc- of progressive political thought; policies relating to social tors, and is a member of the Big Picture Panel on the CBC’s mobility; the economics and politics of wellbeing; the “Lang and O’Leary Exchange.” formation of character; contemporary gender and mas- culinity; the future of the workplace; and organizational leadership. Richard is also a successful public speaker and broadcaster. A former European Business Speaker of the Year, he is co-presenter and co-author of The Minute MBA (). An experienced media presenter and com- mentator, Richard has written and presented a number of programs for the BBC, including, for Radio ¢, Anti-Social Housing, which addressed the failures of the UK social housing system (); Character Factories, on the impor- tance of character formation for public policy (); and the series Political Roots, an examination of the historical and intellectual foundations of modern liberalism and social democracy (). In £, he presented the four-part BBC TV series, Making Slough Happy. Richard’s previous roles include director of futures at the Work Foundation; principal policy advisor to the Minister for Welfare Reform, research fellow at the Institute for Public Policy Research, one of the UK’s premier think-tanks, and a researcher at the Institute of Psychiatry at the University of London.
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ALEX ROSENBERG (PhD , Johns Hop- EMMA ROTHSCHILD is Jeremy and Jane kins) joined the Duke faculty in . He is the R. Taylor Knowles Professor of History at Harvard University, Hon- Cole Professor of Philosophy (with secondary appoint- orary Professor of History and Economics at the Univer- ments in the biology and political science departments). sity of Cambridge, and a Fellow of Magdalene College, Rosenberg has been a visiting professor and fellow of Cambridge. She is Director of the Joint Centre for History the at the Center for the Philosophy of Science, Univer- and Economics at Harvard and at Magdalene College and sity of Minnesota, as well as the University of California, King’s College, Cambridge. She was a Kennedy Scholar in Santa Cruz, and Oxford University and a visiting fellow Economics at MIT. From to , she was an Associ- of the Philosophy Department at the Research School ate Professor at MIT in the Department of Humanities and of Social Science, of the Australian National Univer - the Program on Science, Technology, and Society. She is sity. He has held fellowships from the National Science the author of Paradise Lost: The Decline of the Auto-In- Foundation, the American Council of Learned Societies, dustrial Age, Economic Sentiments: Adam Smith, Con- and the John Simon Guggenheim Foundation. In dorcet and the Enlightenment, The Inner Life of Empires: Rosenberg received the Lakatos Award in the philoso- An Eighteenth-Century History, and many articles in phy of science. In - he held a fellowship at the scholarly and other journals. She has been a member of National Humanities Center. He was also the Phi Beta the Royal Commission on Environmental Pollution and the Kappa-Romanell Lecturer for -. Rosenberg is Council on Science and Technology in the United Kingdom, the author of a dozen books Microeconomic Laws: A Phil- and was Chair of the United Nations Research Institute for osophical Analysis (University of Pittsburgh Press, ), Social Development. Sociobiology and the Preemption of Social Science/ (Johns Hopkins University Press, ; Basil Blackwell, ), Hume and the Problem of Causation (Oxford Uni- versity Press, ) (with T.L. Beauchamp), Economics: Mathematical Politics or Science of Diminishing Returns? (University of Chicago Press, ), Darwinism in Philos- ophy, Social Science and Policy (Cambridge University Press, ). He has also published approximately papers in the philosophy of biology, the philosophy of cog- nitive, behavioral and social science (especially econom- ics), and causation.
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MICHAEL SANDEL teaches political phi- JOHN RALSTON SAUL is an essayist, nov- losophy at Harvard University, and is a Senior Fellow of elist and long-time champion of freedom of expression. the Institute for New Economic Thinking. He has been He is the International President of PEN International. described as “the most relevant living philosopher,” a “rock- His works have been translated into languages in star moralist,” and “the most famous teacher of philosophy countries, are widely taught in universities and central to in the world.”1 the debate over contemporary society in many countries. His writings have been translated into languages. They include the philosophical trilogy: Voltaire’s Bastards His legendary course “Justice” is the rst Harvard course and the Dictatorship of Reason in the West, The Doubter’s to be made freely available online and on television. It has Companion, The Unconscious Civilization, and its conclu- been viewed by millions of people around the world, includ- sion, On Equilibrium. In The Collapse of Globalism () ing in China, where Sandel was named the “most inuential he predicted today’s economic crisis. In the autumn of foreign gure of the year.” 2 , he published his rst novel in years, Dark Diver- Sandel’s new book, What Money Can’t Buy: The sions: A Traveller’s Tale, a picaresque novel about the life Moral Limits of Markets, takes on one of the biggest ethi- of modern nouveaux riches. cal questions of our time: What should be the role of money His awards include South Korea’s Manhae Grand and markets in a good society? Critics have called it “a Prize for Literature, the Pablo Neruda Medal, Canada’s brilliant, indispensable book on the relationship between Governor General’s Literary Award for Non-Fiction, the morality and economics,”3 and “one of the most important inaugural Gutenberg Galaxy Award for Literature, Italy’s exercises in public philosophy in many years.”4 Premio Letterario Internazionale. He is a Companion of the Like his previous book, Justice, an international best Order of Canada and a Chevalier in the Ordre des Arts et seller, What Money Can’t Buy has generated interest des Lettres of France. He is the recipient of honorary around the world. His lectures have packed such venues degrees. In the autumn of , Saul was appointed Distin- as St. Paul’s Cathedral (London), the Sydney Opera House guished Visiting Professor at Ryerson University’s Faculty (Australia), and an outdoor stadium in Seoul, Korea, where of Arts in Toronto. , people came to hear him speak.5
1 Michael Fitzpatrick, Newsweek; Michael Ignatief, The New Republic 2 China Newsweek, 2010 3 David Aaronovitch, The Times (London) 4 John Gray, New Statesman 5 http://www.youtube.com/watch?v=gMY08rgqYzc
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MARTIN SCHÜRZ studied philosophy, polit- MARIO SECCARECCIA is Full Professor ical science and economics. He is Head of Monetary Unit at the Department of Economics, University of Ottawa, in the Economic Analysis Division at the Oesterreichische Canada, where since he has been teaching macro- Nationalbank. Furthermore he is project leader of the economics, monetary theory, labour economics, history of Household Finance and Consumption Survey (HFCS) in economic thought and economic history. He has published Austria. His research interests relate to wealth distribution, over academic articles in scientic journals or chapters inequality and household nances. He is a lecturer at the of books, and has authored, co-authored or edited more Economic University of Vienna and at the University of than a dozen books on such disparate topics as the works Vienna. He has co-edited serveral books, such as Eco- of Milton Friedman () and on central banking in the nomic Policy Under Uncertainty with Edward Elgar. modern world ( ), as well as over special thematic issues of academic journals. At the same time, he has been Visiting Professor in a number of universities in France (namely, the universities of Bourgogne, Grenoble and Par- is-Sud), as well as in Mexico (UNAM). He is also research associate at the Canadian Centre for Policy Alternatives in Ottawa, and since , has been editor of the New York- based International Journal of Political Economy.
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AMARYTA SEN is Thomas W. Lamont University MICHAEL SHELLENBERGER is Professor, and Professor of Economics and Philosophy, at President of The Breakthrough Institute, a leading global Harvard University and was until the Master of Trinity think tank on energy, economic innovation and conserva- College, Cambridge. He is also Senior Fellow at the Harvard tion. Ted Nordhaus and Michael Shellenberger are leading Society of Fellows. Amartya Sen has served as President global thinkers on energy, climate, security, human devel- of the Econometric Society, the American Economic Asso- opment, and politics. Their book Break Through was ciation, the Indian Economic Association, and the Interna- called “prescient” by Time and “the best thing to happen tional Economic Association. He was formerly Honorary to environmentalism since Rachel Carson’s Silent Spring” President of OXFAM and is now its Honorary Advisor. His by Wired. Their essay, “The Death of Environmental- research has ranged over social choice theory, economic ism,” was featured on the front page of the Sunday New theory, ethics and political philosophy, welfare economics, York Times, sparked a national debate, and inspired a theory of measurement, decision theory, development generation of young environmentalists. In the two economics, public health, and gender studies. co-founded the Apollo Alliance, now the Blue-Green Coa- Among the awards he has received are the “Bharat lition, which advocated a $ billion investment in renew- Ratna” (the highest honour awarded by the President of able energy and energy eciency—a demand that was India); the Agnelli International Prize in Ethics; the Edin- largely realized by President Barack Obama. burgh Medal; the Brazilian Ordem do Merito Cientico; the Eisenhower Medal; the Legion of Honour (France); Hon- orary Companion of Honour (UK); the George C. Marshall Award (US); the National Humanities Medal (US); and the Nobel Prize in Economics.
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TIM SHORROCK is a Washington-based DAVID SIROTA is an award-winning journal- investigative journalist who grew up in Japan and South ist, television commentator, nationally syndicated weekly Korea. He is the author of Spies For Hire: The Secret newspaper columnist, radio host and bestselling author World of Outsourced Intelligence, published in by living in Denver, Colorado. As a magazine journalist, Sirota Simon & Schuster. Over the past years, his work has is a sta writer for PandoDaily’s investigative journalism appeared in many publications in the United States and team, In that role, he covers the intersection of econom- abroad, including The Nation, Salon, Daily Beast, Mother ics, politics, technology and popular culture. He has also Jones, The Progressive, Foreign Policy in Focus and Asia written for The New York Times Magazine, Harper’s, Times. He also appears frequently on the radio as a com- Wired, Vice, The Nation and Salon.com. Sirota’s weekly mentator on intelligence, contracting, foreign policy, East newspaper column is nationally syndicated by Creators Asia and North and South Korea. He has been interviewed Syndicate and runs in (among others) the San Francisco on Democracy Now, NPR’s Fresh Air, HuPostLive and Chronicle, Portland Oregonian and Seattle Times. In his many other outlets long-form writing work, Sirota has published three books. The rst two, Hostile Takeover (Crown, 2006) and The Uprising (Crown, 2008), were both New York Times bestsellers. The third book, Back to Our Future (Ballantine, 2011), was met with strong reviews and a cover story in USA Today. In , Back to Our Future became the basis for the National Geographic Channel’s miniseries The ’80s: The Decade that Made Us.
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JOHN SMITHIN is Professor of Economics in BARRY SOOKMAN is a Senior Partner at the Department of Economics and the Schulich School of McCarthy Tétrault, in the rm’s Toronto Technology Law Business, York University, Toronto, Canada. He previously Group. Former leader of the rm’s Intellectual Property held teaching appointments at the University of Calgary, Group. Recognized as one of Canada’s foremost author- and Lanchester Polytechnic (now Coventry University)in ities in information technology, Internet and copyright England. In the academic year / he was elected law. Has argued numerous precedent-setting IP cases Bye Fellow at Robinson College, Cambridge. He holds a at all levels of courts including the Supreme Court of PhD and MA from McMaster University and a BA (Hons) Canada. Author of numerous books, including the leading from the City of London Polytechnic (now London Metro- six-volume treatise Computer, Internet and Electronic politan University). Commerce Law, Canadian and International Casebook, John Smithin’s research interests are in the elds of Copyright: Cases and Commentary on the Canadian monetary theory, macroeconomic policy, and the philos- and International Law, and Computer, Internet and ophy of money and nance. He is the author of Essays E-Commerce Terms: Judicial, Legislative and Technical in the Fundamental Theory of Monetary Economics and Definitions. Consistently identi ed by numerous publica- Macroeconomics (), Money, Enterprise and Income tions as one of Canada’s top information technology and Distribution (), Controversies in Monetary Econom- intellectual property lawyers. Adjunct Professor of Intellec- ics (, ), Macroeconomic Policy and the Future of tual Property at Osgoode Law School. You can follow his Capitalism (), and Macroeconomics after Thatcher blog at barrysookman.com . and Reagan ().
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JOSEPH E. STIGLITZ is University Profes- LAWRENCE H. SUMMERS is the sor at Columbia University, the winner of the Nobel Charles W. Eliot University Professor and President Emer- Memorial Prize in Economics, and a lead author of the itus of Harvard University. During the past two decades, IPCC report, which shared the Nobel Peace Prize. He he has served in a series of senior policy positions in Wash- was chairman of the U.S. Council of Economic Advisers ington, D.C., including the st Secretary of the Treasury under President Clinton and chief economist and senior for President Clinton, Director of the National Economic vice president of the World Bank for -. Stiglitz Council for President Obama and Vice President of Devel- received the John Bates Clark Medal, awarded annually to opment Economics and Chief Economist of the World the American economist under who has made the most Bank. signicant contribution to the subject. He was a Fulbright He received a bachelor of science degree from the Scholar at Cambridge University, held the Drummond Pro- Massachusetts Institute of Technology in and was fessorship at All Souls College Oxford, and has also taught awarded a PhD from Harvard in . In , he became at M.I.T, Yale, Stanford, and Princeton. He is the author one of the youngest individuals in recent history to be most recently of The Price of Inequality: How Today’s named as a tenured member of the Harvard University Divided Society Endangers Our Future. In , Time faculty. In , Mr. Summers became the rst social sci- named him one of the world’s most inuential people. entist ever to receive the annual Alan T. Waterman Award of the National Science Foundation (NSF), and in he was awarded the John Bates Clark Medal, given every two years to the outstanding American economist under the age of . He is currently the Charles W. Eliot University Pro- fessor at Harvard University and the Weil Director of the Mossavar-Rahmani Center for Business & Government at Harvard’s Kennedy School. He and his wife Elisa New, a professor of English at Harvard, reside in Brookline with their six children.
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LANCE TAYLOR received a BS degree with PETER TEMIN is the Elisha Gray II Professor honors in mathematics from the California Institute of Emeritus of Economics at the Massachusetts Institute Technology in and a PhD in economics from Harvard of Technology (MIT). He received his B.A. from Swarth- University in . He then became a professor in the eco- more College in and his PhD in Economics from MIT nomics departments at Harvard and the Massachusetts in . Professor Temin was a Junior Fellow of the Society Institute of Technology, as well as being a visiting profes- of Fellows at Harvard University, - , the Pitt Pro- sor at the University of Minnesota, the Universidade da fessor of American History and Institutions at Cambridge Brasilia, Delhi University, and the Stockholm School of Eco- University, -, Head of the Economics Department nomics. He moved to the New School in and became at MIT, -, and President of the Economic History emeritus in . Association, -. Professor Temin’s research interests Taylor has published widely in the areas of macroeco- include macroeconomic history, the Great Depression, nomics, development economics, and economic theory. industry studies in both the nineteenth and twentieth Recently he has been working on climate change and centuries, and ancient Rome. His most recent book is The distributive issues in the USA and elsewhere. His books Leaderless Economy: Why the World Economic System include Fell Apart and How to Fix it (Princeton: Princeton Univer- Varieties of Stabilization Experience, Oxford: Claren- sity Press, ), with David Vines. He also is the author don Press, 1988 of The Roman Market Economy, (Princeton: Princeton Income Distribution, Ination, and Growth: Lectures University Press, ). on Structuralist Macroeconomic Theory, Cambridge, MA: MIT Press, 1991 The Market Meets its Match: Restructuring the Economies of Eastern Europe (with Alice Amsden and Jacek Kochanowicz), Cambridge MA: Harvard University Press, 1994 Global Finance at Risk: The Case for International Regulation (with John Eatwell), New York NY: The New Press, 2000 Reconstructing Macroeconomics: Structuralist Pro- posals and Critiques of the Mainstream, Cambridge MA: Harvard University Press, 2004 Maynard’s Revenge The Collapse of Free Market Macroeconomics, Cambridge MA: Harvard University Press, 2010
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ADAIR TURNER has combined careers in busi- PETER VICTOR is an economist who has ness, public policy and academia. He became Chairman of worked on environmental issues for over years as an the UK Financial Services Authority as the nancial crisis academic, consultant and public servant. His most recent broke in September , and played a leading role in the books are Managing without Growth. Slower by Design, redesign of the global banking and shadow banking regu- not Disaster. (Edward Elgar, ) and the edited volume lation as Chairman of the International Financial Stability The Costs of Economic Growth (Edward Elgar, ) Board’s major policy committee. He is now a Senior Fellow Dr. Victor is a Professor in Environmental Studies at of the Institute for New Economic Thinking, and at the York University and from to was Dean of the Centre for Financial Studies in Frankfurt. The Institute for Faculty of Environmental Studies. This followed several New Economic Thinking is a global economic research years as Assistant Deputy Minister of the Environmental foundation committed to the development of real world Sciences and Standards Division in the Ontario Ministry of solutions to the economic and social challenges of the st the Environment. Prior to that Dr. Victor was a principal century. of VHB Consulting and Victor and Burrell Research and Prior to Lord Turner was a non-executive Consulting. He serves on numerous boards in the public, Director at Standard Chartered Bank ( - ); not for prot and private sector including the David Suzuki Vice-Chairman of Merrill Lynch Europe ( - ); and Foundation and is a member of the Club of Rome. from –, Director General of the Confederation of In Dr. Victor was awarded the Canada Council British Industry. He was with McKinsey & Co. from for the Arts Molson Prize in the Social Sciences for his to . contributions to ecological economics. Adair became a cross-bench member of the House of Lords in and was appointed Chair of the Climate Change Committee in , stepping down in ; he also chaired the Pensions Commission from to , and the Low Pay Commission from to . He is the author of Just Capital—The Liberal Econ- omy (Macmillan, ), and Economics after the Crisis (MIT Press, ), and holds Visiting Professorships at the London School of Economics and at Cass Business School, City University. He is a Trustee and Chair of the Audit Com- mittee at the British Museum. Lord Turner studied History and Economics at Caius College, Cambridge.
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RICHARD WATERS is the West Coast Editor ERIC WEINSTEIN is a mathematician, econ- for the Financial Times. His beat covers the technology omist, and a frequent public speaker on a variety of sub- industry. jects within the sciences. Currently, he is a Principal of the Before moving to the West Coast, Waters was based Natron Group in Manhattan and holds a Visiting Position in the FT’s New York oce for nine years. His roles there at Oxford University in the Mathematical Institute. Since included Wall Street reporter, New York bureau chief, and completing a PhD dissertation in the Mathematics Depart- the FT’s rst information industries editor, overseeing ment at Harvard in he has held research positions in global coverage of technology, telecommunications and Mathematics, Physics, and Economics departments (at media. MIT, Hebrew University, and Harvard respectively). Waters previously worked at the FT in London where Within Economics, Dr. Weinstein has focused on a he held a number of positions, including editor of interna- variety of topics with an emphasis on foundations. In the tional capital markets, securities industry correspondent early s he introduced Gauge Theoretic methods into and accountancy and taxation correspondent. neo-classical theory with Co-author P. Malaney. More In , Waters was awarded Corporate Finance recently, he has called for an Economic Manhattan Proj- Reporter of the year for his coverage of Google’s IPO. ect to return the eld to sound fundamental thinking with Waters was shortlisted for the Business & Finance the stated goal of making it interoperable with its related Reporter of the Year award at the British Press Awards in scientic sibling subjects. In he co-organized the and won the award in as part of a team covering Perimeter Institute conference on Economics to this end the BCCI scandal. In , Waters was named Accoun- during the nancial crisis bringing together experts from a tancy Journalist of the Year. variety of elds to focus on improving the scientic status Waters appears regularly on the BBC, CNBC, of economic theory. MSNBC, CNNfn and NPR. Waters received his Bachelor’s degree from St. Edmund Hall, Oxford University.
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STIAN WESTLAKE joined National Endow- SOLOMON L. WISENBERG is a partner ment for Science, Technology and the Arts (NESTA) in in the Washington, D.C., oce of Nelson Mullins Riley & . Before this, he worked in social venture capital at Scarborough LLP where he leads the rm’s white collar The Young Foundation, making and managing investments practice. He has more than two decades of experience as in a range of social enterprises and founding Healthy Incen- lead counsel in complex federal white collar crime inves- tives, an innovative health venture. tigations and jury trials. His practice is primarily devoted Before this, he spent ve years at McKinsey & Com- to representing individuals and businesses exposed to pany in Silicon Valley and London, where he provided stra- federal criminal and regulatory inquiries or charged with tegic advice to a range of private and public sector clients, federal crimes. Mr. Wisenberg is the author of White Collar focusing on healthcare, technology, and corporate and Crime: Securities Fraud ( ), published by West/Thom- infrastructure nance. son Reuters. He has also conducted internal investigations Stian holds a rst-class BA (Hons) from the Univer- and insurance coverage fraud inquiries for corporations sity of Oxford and a Masters in Finance with Distinction and nonprots. Frequently asked to comment on fed- from London Business School. He also pursued graduate eral white collar criminal defense issues, Mr. Wisenberg work in economics and government at Harvard University has been a repeat guest on Wall Street Journal Live and as a Kennedy Memorial Scholar. CNBC. He attended the University of Texas, School of Law, Juris Doctor and Washington University in St. Louis, AB in History.
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MARTIN WOLF CBE is Associate Editor and DAVID WU is a member of PwC China’s Manage- Chief Economics Commentator at the Financial Times, ment Board, and also holds the following leadership roles: London. He was awarded the CBE (Commander of the Beijing Senior Partner, North China Markets Leader, and British Empire) in for services to nancial journalism. China Government and Regulatory A airs Leader. Mr. Wolf was joint winner of the Wincott Foundation David was a key player in developing and executing senior prize for excellence in nancial journalism for the roadmap for reforming China’s state-owned banks in and . He won the RTZ David Watt memorial prize for . He was one of the lead partners advising Bank of . He won the “Accenture Decade of Excellence” at China on its reforms from to , assisting with the the Business Journalist of the Year Awards of . He resolution of problem assets, recapitalisation, introduction won the Ludwig Erhard Prize for economic commentary of strategic investors, and the bank’s successful IPO. He for . He won “Commentariat of the Year ” at the also led the audit for the Postal Savings Bank of China Comment Awards, sponsored by Editorial Intelligence. He and helped the bank complete its corporate restructuring was joint winner of the award for columns in “giant in . newspapers” at the ¢th annual Best in Business Journalism David works closely with the ministries and govern- competition of The Society of American Business Editors ment agencies that oversee China’s accounting profes- and Writers. sion, nancial services industry and capital markets. He His most recent book is Fixing Global Finance (Wash- has in-depth understanding of the Chinese regulatory and ington D.C: Johns Hopkins University Press, and London: market landscape, as well as the latest developments in Yale University Press, and ). China’s accounting industry.
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JOON YUN is managing partner and president of Palo Alto Investors, LLC, an investment management rm founded in with $ billion in assets invested in health- care. Board certi ed in Radiology, Joon served on the clinical faculty at Stanford from -. He received his B.A. from Harvard, M.D. from Duke Medical School, and clinical training at Stanford. Joon has served on sev- eral corporate and non-pro t boards, and has published dozens of patents, scienti c articles, and business essays. He is a contributor to Forbes, and is the health editor for Evolution magazine. Joon recently agreed to donate a $ million Palo Alto Prize to reverse the aging process.
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The Institute for New Economic Thinking’s mission is to nurture a global community of next-generation economic leaders, provoke new economic thinking, and inspire the economics profession to engage the challenges of the 21st century.
www.ineteconomics.org
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CIGI will build bridges from knowledge to power, by conducting world-leading research and analysis, and inuencing policy makers to innovate.
www.cigionline.org www.cigionline.org
Program_Text_REV.indd 77 14-03-26 2:00 PM 78 Young Scholars Initiative
ineteconomics.org/ysi facebook.com/groups/ysicommons/ [email protected]
Get connected to Gain access to Network with Currently more 71 coordinators Nobel laureates exclusive events peers and nd than 4,000 across the and top new and conferences mentors from members on Americas, economic featuring around the globe community Europe, Asia, and thinkers today’s leading platforms. Africa economists
The Young Scholars Initiative (YSI) is an international New Economic Thinking community of new economic thinkers comprised YSI believes that there are many ways of thinking about of students, young professionals, and researchers, the economy. So what “new economic thinking” means supported by the Institute for New Economic Thinking. specically, in terms of ideas and topics, is left up to every individual. What brings the community together Vision is a spirit of new economic thinking—a certain way of The Institute for New Economic Thinking’s YSI studying, questioning, and conducting economics, as envisions economic thinking free of intellectual barriers reected by the objectives and values of the community. that resonates with reality and serves our global This is what makes new economic thinkers. society. Objectives Mission Engage a global community of new economic thinkers YSI supports and inspires the next generation of new Open up new ways to approach economic issues economic thinkers. As a community, YSI seeks to Bridge silos and break existing silences transform the discourse in economics by establishing Understand the foundations of economics an open space for economic thought and inquiry. Support the next generation of new economic thinkers Ultimately, the program aims to renew economic thinking by embodying the change it hopes to see.
Inclusive Respectful Collaborative Non-Partisan Humble
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The Young Scholars Initiative hosted a PhD student workshop with mini-courses which covered topics and methods overlooked in the conventional economics curriculum. The workshop also featured student presentation sessions, which gave PhD candidates the opportunity to present and discuss their research in a collaborative environment. Thomas Ferguson and Peter Temin lectured on Debt and External Adjustment in the Interwar Period, Mariana Mazzucato and Tommaso Ciarli on The Economics of Innovation, and John Smithin on Monetary Macroeconomics. The students who participated in the workshop and are attending the conference are listed below. They were selected out of a pool of nearly 300 applicants.
Olabisi Akinkugbe Colin Caines Anders Fremstad Kristy Ironside University of Ottawa University of British Columbia University of University of Chicago Massachusetts, Amherst Axelle Arquie Silvia Calo Iglika Ivanova Paris School of Economics Trinity College Dublin Dylan Gowans Canadian Centre for Policy University of Ottawa Alternatives Andriy Baranskyy Paula Carvalho Simon Fraser University Federal University of Rio Maciej Grodzicki Feng Jiao de Janeiro - UFRJ Jagiellonian University McGill University Michael Beall YSI Coordinator Aleksandrs Cepilovs Martin Guzman Mary Kaltenberg Ragnar Nurkse School Columbia University UNU-MERIT Matteo Benetton of Innovation and London School of Economics Governance, Tallinn Brody Hatch Ryan Kassian University of Technology Colorado State University Ryerson University Peter Bent University of Massachusetts Mehmet Selman Çolak Dörte Heger Sameer Khan Middle East Technical Queen’s University University of Cambridge Annabelle Berklund University/Central Bank of Colorado State University Republic of Turkey Anne Henow Abid Khan London School of Economics/ The New School Arpita Biswas Tobias Crusius Cambridge University Jawaharlal Nehru University Freie Universitaet Theodore Klassen Dan Herman City of Toronto Joel Blit Nick Dadson Balsillie School of University of Waterloo Simon Fraser University International Aairs Julia Koehn Witten/Herdecke University Jordan Brennan Laura de la Villa Aleman Gonzalo Hernandez Jimenez York University Universitat de Barcelona University of Mariolia Kozubovska Massachusetts, Amherst University of Glasgow Charles Brummitt Jeppe Druedahl University of California, Davis University of Copenhagen Frederick Heussner Ingrid Harvold Kvangraven Ludwig-Maximilians- The New School for Social Johannes Buchner Yakov Feygin University Research Fields Institute Toronto/ University of Pennsylvania McMaster University Anthony Howell Philippe Langlois Hamilton Brett Fiebiger UCLA Université du Québec à University of Ottawa Montréal (UQÀM) Pedro Cadenas Liliane Icher The New School for Social Martin Fiszbein Université Toulouse I Marie Le Mouel Research Brown University Capitole DIW Berlin
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Martin Lunge Oliver Picek America Yougui Wang Bielefeld University/ The New School for Social Ingo Sauer Beijing Normal University Universite Paris 1 Research Goethe University Pantheon-Sorbonne Frankfurt Isabella Maria Weber Luiza Pires The New School for Social Margaux MacDonald The New School for Social Joeri Schasfoort Research Queen’s University Research Leiden University Sebastian Weyih Guilherme Magacho Gert Pönitzsch Justyna Schulz University of Fribourg University of Cambridge Kiel Institute for the World University of Bremen Economy Wanting Xiong Regina Martinez Reinhard Schumacher Beijing Normal University George Washington Ferran Portella-Carbó University of Potsdam, University University of Girona Germany Shiny Zhang University of Toronto Edward Rafe Martyn Giorgio Presidente Gregor Semieniuk Cambridge University Paris School of Economics The New School for Social Tianhao Zhi - International Labour Research University of Technology, Alexander Maslov Organization Sydney Carleton University Antonia Settle André Presse Sydney University Ivan Zupic Clara Elisabetta Mattei University of Waterloo Faculty of Economics, Scuola Superiore Sant’Anna Akshay Shanker University of Ljubljana Sergiy Pysarenko Australian National University Falk Mazelis University of Guelph Humboldt University Danilo Spinola Jalal Qanas University of Campinas Christian Miranda Leeds University Business University of Geneva School Morten Nyboe Tabor University of Copenhagen Edward Mogilnicki Elis Queiroz Cleveland State University UCLA Lucas Teixeira Federal University of Rio Ali Mohammadi Sean Ramos de Janeiro (UFRJ) Politecnico di Milano University of California, San Diego Johannes Tiemer Fatemeh Mokhtarzadeh University of Duisburg, Simon Fraser University Germán Reyes Essen Universidad Nacional de Michal Mozdzen La Plata Sean Tolentino Cracow University of University of Iowa Economics Jason Rhinelander Queen’s University Luis Daniel Torres Gonzalez Nicholas Mulder The New School for Social University of Cambridge Igor Rocha Research University of Cambridge Niklas Neumann Martijn Jeroen van der Imperial College Business Tomas Rotta Linden School University of Massachusetts Delft University of Technology
Mykhaylo Oystrakh Lucia Sanchez Colin von Negenborn University of Waterloo Innovations for Poverty Berlin Doctoral Program Action in Economics and Mark Paul Management Science (joint University of Pietro Santoleri program by Humboldt, Freie Massachusetts, Amherst United Nations Economic and Technical Unviersity) Commission for Latin
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