Summary: Addressing a gathering of alumni in Washington DC, Joseph Stiglitz talks about his latest book, Freefall: the World Economy and the Great Recession, which explains the current financial crisis and the coming global economic world order. Drawing on his academic expertise, his years spent shaping policy in the Clinton administration and at the World Bank, and his more recent role as head of a UN commission charged with reforming the global financial system, Stiglitz outlines a way forward building on ideas that he has championed his entire career: restoring the balance between markets and government, addressing the inequalities of the global financial system, and demanding more good ideas (and less ideology) from economists.
