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Lecture by Lord Meghnad Desai


The Megaron Plus and the London School of Economics and Political Science
In collaboration with the Hellenic Alumni Association of the London School of Economics
and the LSE Hellenic Observatory

Hubris: Why Economists Failed to Predict the Crisis and How to Avoid the Next One?

Lord Meghnad Desai, Emeritus Professor of Economics at the London School of Economics and Political Science; Member of the House of Commons Select Committee

Discussant: Eleni Louri-Dendrinou, Professor of Economics of the Athens University of Economics and Business

In English with simultaneous translation into Greek

This lecture will provide a frank assessment of economists' blindness before the financial crash in 2007-2008 and what must be done to avert a sequel. Through it, the speaker will underscore the contribution of hubris to economists' calamitous lack of foresight, and make a persuasive case for the profession to re-engage with the history of economic thought.