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Posted in 2007-08 Financial Crisis, Contemporary economics, History of economics Tagged with: , , , , , ,

STOCKHOLM – No other authority could have convened the meeting. The twenty economists deemed to be the very top rank of experts on the financial crisis of 2007-08 converged on a conference hotel here last weekend to tell their stories to a Nobel Symposium on “money and banking.” Another forty macroeconomists, monetary theorists, financial economists, empiricists and historians discussed the work presented. A hundred or so policy-makers, practitioners, and others attended, including, primus inter pares, Nobel laureate Robert Lucas. Periodic symposia, conducted in all prize categories since 1965, are one of the means by which Nobel committees reach their judgements;