Session filmed at Milken Institute, Los Angeles, CA, April 29, 2008, 12:15 p.m.-2:00 p.m., as part of the Milken Institute Global Conference, held April 28-30, 2008, in Los Angeles. Speakers: Gary Becker, Nobel Laureate, 1992, University Professor of Economics and Sociology, University of Chicago ; Edmund Phelps, Nobel Laureate, 2006; McVickar Professor of Political Economy and Director of the Center on Capitalism and Society, Columbia University ; Myron Scholes, Nobel Laureate, 1997; Chairman, Platinum Grove Asset Management ; A. Michael Spence, Nobel Laureate, 2001; Philip H. Knight Professor, Emeritus, and former Dean of the Graduate School of Business, Stanford University ; Moderator: Michael Milken, Chairman, Milken Institute; Chairman, FasterCures / The Center for Accelerating Medical Solutions.
Summary:
Marking an 11-year tradition at the Milken Institute Global Conference, the 2008 gathering brought together a group of Nobel Prize winners in economics for an invigorating discussion of contemporary issues with the Institute's chairman, Michael Milken. This year's Nobel laureates include specialists in financial derivatives, human capital, the microeconomic incentives driving macroeconomics and the economics of information. What is their take on the credit crunch? Are we headed for recession? Will the growing emphasis on corn-based bio-fuel lead to a chain reaction of supply issues with other products? And what does each economist think the top priorities should be for the incoming U.S. president? Their answers will surprise you. (from Amazon.com)
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