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

Assessing the Economic Risks from Brexit

Professor Jagjit Chadha
Thursday, 2 June 2016 - 6:00PM
WATCHED
Part of a series

The Efficient Markets Hypothesis

Professor Jagjit Chadha
Thursday, 28 April 2016 - 6:00PM
WATCHED
Part of a series

Computers, People and the Real World

Professor Martyn Thomas CBE
Tuesday, 5 April 2016 - 6:00PM
WATCHED
Part of a series

Why Doesn't Capital Flow From High To Low?

Professor Jagjit Chadha
Thursday, 17 March 2016 - 6:00PM
WATCHED
Part of a conference

Long Finance Spring Conference - Panel Discussion

Alderman Professor Michael Mainelli
Tuesday, 1 March 2016 - 4:30PM
WATCHED
Part of a conference

Long Finance Spring Conference - Picking Long-Term Discount Rates

Jon Spain
Tuesday, 1 March 2016 - 4:00PM
WATCHED
Part of a conference

Long Finance Spring Conference The Folly of Discount Based Valuations

Dr Con Keating
Tuesday, 1 March 2016 - 3:45PM
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
WATCHED
Part of a series

Efficient Markets

Professor Jagjit Chadha
Monday, 17 August 2015 - 10:00AM
WATCHED
Part of a series

Why Should We Care About Macroeconomic Puzzles?

Professor Jagjit Chadha
Monday, 17 August 2015 - 9:45AM