Rethinking Economic Principles: Join the Debate

The global financial crisis caused hardship and suffering all over the world. To prevent a repeat, we need to rethink… "… what we know about economic theory …. We need to rethink, following this, the policies … coming from the analytical work. And then we will need also to rethink multilateralism." IMF Managing Director Dominique Straus-Kahn (April, 2011) A wholesale reexamination of macroeconomic principles in the wake of the crisis was the goal of a conference at the IMF in early March. But, for Olivier Blanchard and others, the conference was merely “the beginning of a conversation, the beginning of an exploration.” Here is our list of recommended reads to help you be part of the conversation.