Oxford Martin School: Public Lectures And Seminars

The global financial crisis reflects a failure of global economic governance. The failure of America's regulatory system has not only ramifications for the American economy, but for the global economy. It is clear that the banks' risk management systems could not even protect their own shareholders, let alone the well-being of the global economy. What went wrong? Where did the global financial regulators fail? What can we do to minimize the downturn? And what, if anything, can we do to prevent a recurrence? What are the lessons for global governance in the 21st Century? Joseph E. Stiglitz is University Professor at Columbia University in New York and Chair of Columbia University's Committee on Global Thought. He is also the co-founder and Executive Director of the Initiative for Policy Dialogue at Columbia. In 2001, he was awarded the Nobel Prize in economics for his analyses of markets with asymmetric information. Stiglitz helped create a new branch of economics, "The Economics of Information," exploring t