Lessons from Financial Crises: Paradigm Failure and the Future of Financial Regulation.
In October, George Soros delivered a week-long series of lectures at the Central European University in Budapest discussing his latest thinking on economics and politics, and the way forward out of the current financial crisis. Soros argued that while the magnitude of the credit and leverage problem faced today is greater than in the Great Depression, the artificial life support given to the financial system has been successful. However, Soros believes that the recovery may run out of steam and sees a possibility for a "double-dip" in the next year. At this event, George Soros will lead a panel discussion to reflect on some of the key ideas that he put forward in those lectures. He will particularly invite discussion among both the panellists and the audience to engage with his ideas and understand the alternative they represent when compared with traditional economic theory.