Demystifying the Crisis at the Battle for the Economy

Published 4 months ago

How we interpret the recession and who we hold to account for it are key political and economic questions. As part of the Battle for the Economy summit organised by the Institute of Ideas, an illuminating panel discussion takes us beyond the usual... more

How we interpret the recession and who we hold to account for it are key political and economic questions. As part of the Battle for the Economy summit organised by the Institute of Ideas, an illuminating panel discussion takes us beyond the usual suspects: the greedy bankers and consumer culture. As economist and author Phil Mullan points out, short-termist explanations that point the finger at greed do little to resolve the situation. In these edited highlights from the session, the real causes of the recession take centre stage. Panellists include: Warwick Lightfoot, economist; former special adviser to Chancellors Nigel Lawson, John Major and Norman Lemont; Phil Mullan, economist; Director of Business Transformation, Easynet; author, The Imaginary Time Bomb; Richard Portes, professor of economics, London Business School; founder and President, CEPR; Simon Nixon, European ... less

Tags: worldwrite worldbytes online news recession economy politics blame greed bankers consumer culture battle for the institute of ideas warwick lightfoot phil mullan richard portes simon nixon development emerging economies global imbalances financial