Tuesday, 3 March 2015, 3:30PM
Barnard's Inn Hall

Lessons We can Learn from the Success of the Japanese Growth System

Professor Richard Werner

Richard Werner gives a presentation on conventional and inductive economics, deriving lessons from the growth of the Japanese economy. 

professor-richard-werner

Professor Werner, DPhil (Oxon) has been Professor of International Banking at the University of Southampton for a decade. He is founding director of its Centre for Banking, Finance and Sustainable Development, and a member of the ECB Shadow Council. He is also chair of Local First, a community interest company establishing not-for-profit community banks in the UK.

In the past Richard has been a professor of monetary and development economics at Frankfurt University and Sophia University, Tokyo. He was also chief economist at Jardine Fleming Securities (Asia) Ltd, Senior Managing Director at Bear Stearns Asset Management Ltd, senior consultant to the Asian Development Bank and visiting researcher at the Japanese Ministry of Finance, the Bank of Japan and the Development Bank of Japan.

Richard proposed the disaggregation of credit and its impact on asset markets and growth with his Quantity Theory of Credit in 1992 at Oxford. He advanced the concept of ‘quantitative easing’ in Japan in 1994. His book Princes of the Yen (M E Sharpe, 2003), was a number 1 bestseller in Japan. In it, he warned of the coming creation of credit bubbles and banking crises in the eurozone. So did his 2005 book, New Paradigm in Macroeconomics (Palgrave Macmillan). The World Economic Forum, Davos, selected him as “Global Leader for Tomorrow” in 2003. His jointly authored book Where Does Money Come From? (New Economics Foundation, 2012, 2nd ed) was cited by the Bank of England in its 2014 recognition of bank money creation.

Read More
Read Less
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