The Economy: What Emerges from the Fire?
10/02/2008 at 10:00 a.m.
The financial system as we know it is failing. Some experts are saying it's the death of 1980s free market capitalism. Certainly it seems true that we are stuck between eras. The old order – the Reagan–age policies built on the premise that the market can do no wrong and the government no right – is dying. What comes next?Guest(s)
Robert Ashford is a law professor at Syracuse University. He studies public corporations and the regulation of securities. He is the author of "Binary Economics: The New Paradigm."
Arnold Kling was an economist on the staff of the Board of Governors of the Federal Reserve System from 1980–1986, and a senior economist at Freddie Mac from 1986–1994.
Robert Kuttner is the founder and coeditor of The American Prospect magazine. He's also a regular columnist in the Boston Globe, a radio and TV commentator, Demos Senior Fellow, and a contributor to numerous magazines. He was the author of a column in BusinessWeek for 20 years. He's the author of several books including "The Squandering of America: How the Failure of our Politics Undermines our Prosperity" and most recently "Obama's Challenge: America's Economic Crisis and the "Power of a Transformative Presidency."
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- 'Criticizing Capitalism From the Pulpit,' The New York Times
- ''A shattering moment in America's fall from power,' The Guardian
- 'A Cure for Greed,' The New York Times
- 'Europe wary of US-style capitalism,' The Financial Times
- 'The Big Question: What was Roosevelt's New Deal, and is something like it needed today?,' The Independent
- 'Financial Hubs See an Opening Up at the Top,' The Washington Post
