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Regulation and self-regulation. Adam Smith’s "invisible hand"

Thursday, 18 October, 2012 - 15:00 to Thursday, 18 October, 2012 - 18:00
Campus: Brussels Humanities, Sciences & Engineering campus
Aula QD
Paul Jorion
Guest lecture

Topics:

  • Bernard Mandeville’s “Private vices, public benefits”
  • Did the economy in Smith’s days justify his “invisible hand” hypothesis?
  • Smith’s “invisible hand” vs. Aristotle’s “philia” (goodwill)
  • Alan Greenspan’s error (23 October 2008 Congressional hearing)
  • The limits of self-regulation: Goldman Sachs’ ABACUS deal

Back to the Stewardship of Finance programme