The macroeconomic implications of this problem would become essentially the dominant economic issue within a reasonably short period of time. And we need new solutions.

This was the theme of the conference organized in November 2008 by Economists for Peace and Security, the Charles Leopold Mayer Foundation programme "Initiative for Re-thinking the Economy", and the Levy Economics Institute of Bard College.

Looking for solutions to the crisis

– Introduction, James K. Galbraith (LBJ School, University of Texas at Austin)

1. Understanding the Financial Crisis

– Joseph Stiglitz (Columbia University)
– Marshall Auerback (RAB Capital Plc)
– Pierre Calame (Charles Leopold Mayer Foundation)
– Marcellus Andrews (Barnard College of Columbia University)

2. A new financial structure for the United States

– Jack Blum (Baker and Hostetler)
– Bill Black (University of Missouri-Kansas City)
– Barkley Rosser (University of Wisconsin-Madison)
– Gary Dymski (Uniiversity of California Center Sacramento)

3. A new international financial structure

– Lord John Eatwell (Queen’s College)
– Paul Davidson (Schwartz Center For Economic Policy Analysis)
– Ping Chen (China Center of Economics Research)
– Luiz carlos Bresser-Pereira (Getulio Vargas Foundation)

4. Conclusion, George Papandreou