FT Masterclass Lecture with James Galbraith - "Inequality, Instability and the End of Normal"
University of Leeds, Location to be confirmed
James Galbraith will discuss The Great Financial Crisis and how it is best seen as a turning point - the end of a long boom driven by cheap energy, stabilising public institutions and the rule of law in finance. These conditions were eroded by geophysical developments, the rise of China and India, the erosion of social protections and the rise of a confederal Europe, by new technologies and by the breakdown of law and regulation in the financial sector.
The measurement of inequality provides a useful barometer of the rise of unstable economic conditions, which should now be regarded as the "new normal" going forward.
5.30pm - Registration
6.00pm - Lecture begins
7.00pm - Networking and canapés
8.00pm - Close
About the speaker
James K. Galbraith holds the Lloyd M. Bentsen Jr. Chair of Government/Business Relations at the Lyndon B. Johnson School of Public Affairs, the University of Texas at Austin, and a professorship in Government. His most recent book, Inequality and Instability: A Study of the World Economy Just Before the Great Crisis, was published in March, 2012 by Oxford University Press. His next book, "The End of Normal," is under contract with Free Press.
Galbraith holds degrees from Harvard and Yale (Ph.D. in Economics, 1981). He studied economics as a Marshall Scholar at King's College, Cambridge, and served on the staff of the U.S. Congress, including as Executive Director of the Joint Economic Committee in the early 1980s.
Galbraith's recent research has focused on the measurement and understanding of inequality in the world economy, and on the financial crisis. He is a Senior Scholar with the Levy Economics Institute, and Chair of the Board of Economists for Peace and Security, an international association of professional economists. In 2010 he was elected to the Lincean Academy. For 2012, he was President of the Association for Evolutionary Economics.
Location to be confirmed.