Economics & Beyond with Rob Johnson Institute for New Economic Thinking (INET)

Rohinton Medhora (INET's Board Chair, member of our Commission on Global Economic Transformation, and Distinguished Fellow at CIGI) discusses global social healing, India and the G20 with INET President Rob Johnson.

If we're going to address environmental catastrophe, we need to support each other on a global scale. Rob Johnson checks in with Adair Turner about his work, and practical solutions to address the climate crisis.

Economics Nobel laureate Sir Angus Deaton discusses his latest book, Economics in America, which takes an autobiographical approach to how the field of economics addresses the most pressing issues of our time—from poverty, retirement, and the minimum wage to the ravages of the nation’s uniquely disastrous health care system.

Mike Spence talks with Rob Johnson about his upcoming co-authored book "Permacrisis", India and the G20, and bringing the world together to address our shared challenges.Book: "Permacrisis: A Plan to Fix a Fractured World" https://www.simonandschuster.co.uk/bo... Do you feel like we’re in a permacrisis? Chances are you feel some anxiety about the state of the world. Gordon Brown, Mohamed A. El-Erian, and Michael Spence certainly did. Three of the most internationally respected and experienced thinkers of our time, these friends found their pandemic Zooms increasingly focused on a cascade of crises: sputtering growth, surging inflation, poor policy responses, an escalating climate emergency, worsening inequality, increasing nationalism, and a decline in global co-operation.

Former Fed vice chair and Princeton University economics professor Alan Blinder takes a close look at what lessons still remain to be learned in the aftermath of the Great Financial Crisis.

On September 15, 2008, Lehman Brothers, a giant investment bank with a storied history, filed for bankruptcy. The shock was profound; world markets melted down.  
Over the next few days, one financial behemoth after another, including American International Group (AIG), Washington Mutual, and Wachovia collapsed. The crown jewels of Wall Street – Morgan Stanley and Goldman Sachs – slid toward the abyss. The Federal Reserve, the Treasury, and other regulators were forced to step in, sometimes in conjunction with famous private investors, to rescue the system. The government in effect nationalized AIG and, after two cliffhanging votes in Congress, it directly injected capital into leading private banks. 
Ever since then, debates have raged about why the authorities – the Fed and the Treasury -- allowed Lehman to go broke, after earlier helping to salvage a series of other institutions. 
In this Podcast, INET President Robert Johnson and INET Research Director Thomas Ferguson review those dramatic events. They also draw disquieting parallels between the Lehman debacle and more recent episodes of financial deregulation, including recent controversies over crypto and private equity.