Cambridge Judge Business School Discussions on Finance

The crisis has not destroyed capitalism, says Anatole Kaletsky. Instead we are entering a fourth phase, where new balances and checks between the markets and the public sector could lead to faster growth and productivity improvements!

With elections in India in a few months, the war on terror must be squarely at the centre of the political agenda. Not far away will be regulation of finance. As Sonia Gandhi put it, the poor had nothing to do with fancy sounding financial instruments. The livelihoods of the poor are at great risk now that financial globalisation has spread the damaging effects of some types of innovative finance across the world. Dr Paul Kattuman looks at the unintended consequences of complex, unproven financial products and the lessons that need to be learnt from the crisis.

The days of easy money, easy consumption and easy debt are over, according to Ann Pettifor, who argues that finance should be a servant to the economy, not its master.

Dr Patrick Byrne, CEO of Overstock.com, explains the concept of "naked shorting", and how he predicted as early as three years ago that the corruption of the regulator of the US capital market would lead to the systemic collapse we have now witnessed, why we need to watch the bank rescue plans and not the stimulus plans and his next predictions for the future.

Could the current financial crisis have been predicted from historians knowledge of past down turns and depressions globally? Dr David Chambers, who is Deputy Director of the Master of Finance Programme at Judge Business School and a University Lecturer in Finance thinks so. It appears that from looking closely to what happened in the crash of the 1930s Dr Chamber's has a good grasp of how long it may take us to get out of the current financial difficulties. Structural problems, he says, need to be faced up to before a recovery is likely, and there could well be a few false dawns along that road to recovery.

'Arrogance' says Elizabeth Corley, CEO of Allianz Global Investors Europe, is bad for business