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How Markets Fail: The Problem of Rational Irrationality

LSE public lecture

23rd November 2009

What caused the recent global financial crisis? Some analysts blame greed, others stupidity, yet others myopia. The real problem is more fundamental, and it relates to the inner logic of a financially driven economy that generates perverse incentives and rewards damaging behaviour.

British Journalist John Cassidy has covered economics and finance at The New Yorker magazine since 1995. He is also now a Contributing Editor at Portfolio where he writes the monthly Economics column. He has previously written for the Sunday Times in as well as the New York Post, where he edited the Business section and then served as the deputy editor. In 2002, Cassidy published his first book, Dot.Con.

This event celebrates the publication of John's latest book, How Markets Fail: The Logic of Economic Calamities.

The event is free and open to all with no ticket required. Entry is on a first come, first served basis. Any queries, email events@lse.ac.uk|| or phone 020 7955 6043.

Media queries: please contact the Press Office if you would like to reserve a press seat or have a media query about this event, email pressoffice@lse.ac.uk||

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