---------- Forwarded message ----------
From: "Edward Dodson" <ejdodson@comcast.net>
Date: Aug 9, 2011 10:22 AM
Subject: Joseph Stiglitz and the UN commissioned analysis of the global financial crisis
To: "Community-Development-Banking" <communitydevelopmentbanking-l@cornell.edu>
Last Friday at a conference in Bloomington, Minnesota, I moderated a
roundtable discussion evaluating The Stiglitz Report, commissioned by the
United Nations to examine the causes of the global financial meltdown. Joining the roundtable were two economists -- Nic Tideman (Virginia
Polytechnic Institute), Polly Cleveland (Columbia University and Barnard
College) -- and economic journalist and documentary film producer Fred
Harrison. Three other economists contributed papers but were not able to
attend the conference. What distinguishes these economists from their colleagues is their
appreciation for the power of credit-fueled property markets as a key driver
of economic cycles. I have made most of the papers available online at my
School of Cooperative Individualism project. The paper by Fred Harrison is, as one might expect, the most hard-hitting.
Fred authored the book, "Boom-Bust: House Prices, Banking and the Depression
of 2010," that appeared in 2005. He has done extensive historical research
on property market cycles. For whatever insight it might provide to those in
our group focused on the larger financial system, his paper can be read at
the following link: http://www.cooperativeindividualism.org/harrison-fred_comments-on-the-stigli
tz-report-2011.html I also contributed a paper to this roundtable, summarizing the main issues
and proposals raised by the team of economists assembled by Joseph Stiglitz
and offering comments on where, in my view, the team's proposals fall short.
You can read what I had to say as well: http://www.cooperativeindividualism.org/dodson-edward_on-the-stiglitz-report
-2011.html Note: if your email program breaks these links into more than one line, you
will need to cut and paste the full link in your browser. Comments are welcomed. Perhaps a discussion here might have some value.
From: "Edward Dodson" <ejdodson@comcast.net>
Date: Aug 9, 2011 10:22 AM
Subject: Joseph Stiglitz and the UN commissioned analysis of the global financial crisis
To: "Community-Development-Banking" <communitydevelopmentbanking-l@cornell.edu>
Last Friday at a conference in Bloomington, Minnesota, I moderated a
roundtable discussion evaluating The Stiglitz Report, commissioned by the
United Nations to examine the causes of the global financial meltdown. Joining the roundtable were two economists -- Nic Tideman (Virginia
Polytechnic Institute), Polly Cleveland (Columbia University and Barnard
College) -- and economic journalist and documentary film producer Fred
Harrison. Three other economists contributed papers but were not able to
attend the conference. What distinguishes these economists from their colleagues is their
appreciation for the power of credit-fueled property markets as a key driver
of economic cycles. I have made most of the papers available online at my
School of Cooperative Individualism project. The paper by Fred Harrison is, as one might expect, the most hard-hitting.
Fred authored the book, "Boom-Bust: House Prices, Banking and the Depression
of 2010," that appeared in 2005. He has done extensive historical research
on property market cycles. For whatever insight it might provide to those in
our group focused on the larger financial system, his paper can be read at
the following link: http://www.cooperativeindividualism.org/harrison-fred_comments-on-the-stigli
tz-report-2011.html I also contributed a paper to this roundtable, summarizing the main issues
and proposals raised by the team of economists assembled by Joseph Stiglitz
and offering comments on where, in my view, the team's proposals fall short.
You can read what I had to say as well: http://www.cooperativeindividualism.org/dodson-edward_on-the-stiglitz-report
-2011.html Note: if your email program breaks these links into more than one line, you
will need to cut and paste the full link in your browser. Comments are welcomed. Perhaps a discussion here might have some value.
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