Thursday 1 March 2012
King Edward Hall, Bank of America Merrill Lynch Financial Centre
ResourcesAccess videos, transcripts and lecture materials Complete slide set
Into The Folly Of Value: Reforming Sustainable Finance
Many critics claim that the problem with economics is that it has no "theory of value". From early economists, such as Smith, Ricardo and Marx, to later economists, pinning value to economics has proved disputatious. In turn problems with understanding value reverberate to problems with money, problems with the long term and problems with sustainability. Two presentations and two panels at this Long Finance conference will examine some suggested reforms that touch on value, ranging from new thinking on the international monetary system to better reporting standards to refocused government policies.
Established in 2007, Long Finance aims to improve society's understanding and use of finance over the long term by hosting and promoting a series of lectures, discussion events and research publications. The initiative began with a question - “when would we know our financial system is working?” - and seeks to challenge a financial system that revolves around short-term thinking and practices.
Professor Charles Goodhart, London School of Economics