Lionel Robbins Memorial Lectures 2010

Economics After the Crisis

Speaker: Adair Lord Turner of Ecchinswell, Chairman, Financial Services Authority

Dates: Monday 11, Tuesday 12, Wednesday 13 October 2010

Time: 6.30pm

Venue: Old Theatre, Ground Floor, Old Building, London School of Economics, Houghton Street, London WC2A 2AE

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About the Speaker: Adair Turner is chairman of the Financial Services Authority, the Climate Change Committee and the overseas Development Institute. He is also chair of the Working Party of the G20 Financial Stability Board reporting to the G20 Summit in November 2010 and a visiting professor at LSE.

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Overview:

Amid the financial crash there was much talk of a crisis of capitalism and the need for a revolution in economics. Two years on much work is in hand to reform global financial regulation, but it is not clear that the crisis will produce change as radical as initially supposed. Adair Turner will argue, however, that the crisis should provoke us to think deeply about the conventional wisdom of the last several decades in which economic growth maximisation is the clear objective of economic policy, and market liberalisation, including in financial markets, the universally applicable means. Against this instrumental justification of markets and resulting inequality, Adair Turner will advance a case for economic freedom as an end in itself but one which needs to be balanced with other desirable ends. This implies the need for the discipline of economics to consider a wide range of behavioural, historical and philosophical issues, eschewing a narrow focus on mathematical precision. Lord Turner will contrast his conclusions with those Lionel Robbins reached in his famous 1932 “Essay on the Nature and Significance of Economic Science”.

Monday 11 October - Lecture 1: Economic Growth, Human Welfare and Inequality

Chaired by Profesor Lord Richard Layard, Centre for Economic Performance

Download Slides (PDF) ...lecture slides being revised for publication, updated version will be available soon

Download transcript (PDF)...lecture transcript being revised for publication, updated version will be available soon

Audio podcast (mp3 - approx 83mins, 38MB)

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Tuesday 12 October - Lecture 2: Market Efficiency and Rationality: Why Financial Markets are Different

Chaired by Professor Mr Christopher Johnson, Robbins Family

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Download Transcript (PDF)...lecture transcript being revised for publication, updated version will be available soon

Audio podcast (mp3 - approx 90mins, 42MB)

Video - now online

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Wednesday 13 October - Lecture 3: Economic Freedom and Public Policy: Economics as a Moral Discipline

Chaired by Sir Howard Davies, Director, London School of Economics

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Download Transcript (PDF)...lecture transcript being revised for publication, updated version will be available soon

Audio podcast (mp3 - approx 96 mins, 45MB)

Video - now online

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