Feeling the heat

The financial crisis is making itself felt in the real economy surprisingly fast

The financial crisis marks out a new geopolitical order

Philip StephensRich nations have yet to face up properly to the implications. They can imagine sharing power but on their terms, writes Philip Stephens

Shocks to system show need for fresh answers

Postwar institutions have failed to keep pace. Systematic vulnerabilities and imbalances in the global financial system have emerged, writes Alistair Darling

Temporary full state ownership is only solution

Governments are the only institutions that can solve the co-ordination failure at the heart of the liquidity crisis. Once banks are in the hands of the state, they can be ordered to lend to each other, writes Paul De Grauwe

Keynes, thou shoulds’t be living . . .

Samuel BrittanMaxims about debt that might be prudent for families can be the height of folly for governments, writes Samuel Brittan

SE Public Lecture
Decisions, Probability and Beliefs: beware Mickey Mouse probability

Date: Monday 13 October 2008
Time: 7-8.30pm
Venue: Sheikh Zayed Theatre, New Academic Building
Speaker: Professor Nicholas Nassim Taleb

Standard social science approaches to probability are either 1) at best severely incomplete (enough to be unusable), 2) inadequate, or 3) not even wrong. The presentation shows the problems of probability and the various distortions we encounter in real life.
Nassim Nicholas Taleb is author of The Black Swan and Fooled by Randomness. He is a former mathematical trader and is Distinguished professor of risk engineering, NYU polytechnic institute.
This event is free and open to all with no ticket required. Entry is on a first come, first served basis. This event will also be webcast live at LSE Live.


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