Tag Archives: Ben Chu

RSN – Ben Chu – Full Transcipt – Interview Joseph Stiglitz : ‘Jail The Bankers’ – 9 July 2012

Joseph Stiglitz

One of your great economic contributions to economic theory was showing that information asymmetry unraveled the theory that markets were perfectly efficient. But that that didn’t really change the wider culture and many people carried on believing that markets were perfect. The Libor fixing scam is, in one sense, an example of information asymmetry in practice. So could this be a “teachable moment”? Continue reading