Thursday, November 13, 2008

Nobel Economists Speak....

for what it's worth. Der Spiegel asked five Nobel economists - Edmund Phelps, Robert Lucas, Reinhard Selten, Joseph Stiglitz and Paul Samuelson - to speak on the current situation. All argue for change, as if you didn't know. Most say better regulation is needed. Stiglitz emphasizes our global interconnectedness. Phelps wants to return to a day when banks invested in businesses.

No comments: