Thursday, 8 March 2012, 6:00PM
Barnard's Inn Hall

Gresham's Law in Economics: Background to the Crisis

Professor Victoria Chick

Sir Thomas Gresham said that "bad money drives out good". In Economics, bad theory has driven out good. This fact shaped the decisions of bankers and regulators and thus serves partly to explain the crisis that broke in 2007 and whose shadow extends to this day. This lecture will explore key areas in which Economics has chosen to take what Victoria Chick regards as the wrong path and how these developments led to changes in the institutional structure of the economy and the behaviour of its participants that made it less stable and less able to contribute to general economic well-being.   183

speaker_victoriachick.jpg.crop_display.jpg

Emeritus Professor of Economics at University College London.

Read More
Read Less

Transcript

8 March 2012

Gresham's Law in Economics: Background to the Crisis
Professor Victoria Chick

View PDF
Print
Related Future Lectures
Related Past Lectures
WATCHED
Part of a series

Trends in Inequality

Professor Jagjit Chadha
Thursday, 2 February 2017 - 1:00PM
WATCHED
Part of a series

Debt and the Household Balance Sheet

Professor Jagjit Chadha
Thursday, 16 March 2017 - 6:00PM
WATCHED

What will happen when Artificial Intelligence and the Internet meet the Professions?

Richard Susskind
Thursday, 30 March 2017 - 6:00PM
WATCHED
Part of a series

The External Financing Position

Professor Jagjit Chadha
Thursday, 27 April 2017 - 6:00PM
WATCHED
Part of a series

The Policy Responses

Professor Jagjit Chadha
Thursday, 1 June 2017 - 6:00PM
WATCHED
Part of a series

Employment and Unemployment

Professor Jagjit Chadha
Thursday, 24 November 2016 - 1:00PM
WATCHED
Part of a series

Recession and Recovery

Professor Jagjit Chadha
Thursday, 29 September 2016 - 6:00PM
WATCHED
Part of a conference

What is the Value of Finance and Insurance to the Economy?

Professor John Kay CBE FBA FRSE
Wednesday, 6 July 2016 - 7:15PM
WATCHED
Part of a conference

What is the Value of Finance and Insurance to the Economy?

John Nelson
Wednesday, 6 July 2016 - 6:55PM
WATCHED
Part of a conference

What is the Value of Finance and Insurance to the Economy?

Anne Richards CVO CBE FRSE
Wednesday, 6 July 2016 - 6:35PM
WATCHED
Part of a series

Assessing the Economic Risks from Brexit

Professor Jagjit Chadha
Thursday, 2 June 2016 - 6:00PM
WATCHED

Immigrants and the Economy: Positive Impact and Political Disregard

Professor Jagjit Chadha
Thursday, 2 June 2016 - 6:00PM
WATCHED

Information Cascade: How We Choose...

Professor Jagjit Chadha
Thursday, 28 April 2016 - 6:05PM
WATCHED
Part of a series

Success Story: Implementing the UK Air Traffic Control System

Professor Martyn Thomas CBE
Tuesday, 5 April 2016 - 6:20PM
WATCHED
Part of a series

Automation: Can You and Should You?

Professor Martyn Thomas CBE
Tuesday, 5 April 2016 - 6:15PM
WATCHED
Part of a series

Introducing IT Systems in an Organisation

Professor Martyn Thomas CBE
Tuesday, 5 April 2016 - 6:05PM
WATCHED
Part of a series

Some Macroeconomic Puzzles: Conjectural Refutations - An Introduction By Professor Jagjit Chadha

Professor Jagjit Chadha
Monday, 17 August 2015 - 10:45PM