Adair Turner on the Politics of Finance
Tom Sutcliffe discusses financial disasters with economists Adair Turner, Charles Calomiris and Harris Irfan and writer Maggie Gee.
Tom Sutcliffe discusses money with the American economist Charles Calomiris, who looks back at the history of financial disasters and argues that they're caused more by government failures, than individual bankers. The former head of the Financial Services Authority, Adair Turner, might agree on the need for structural changes, but famously said 'heads should roll' in the banking industry, and has damned much of the banks' trading activities as 'socially useless'. If there has been a moral vacuum at the heart of the banking industry, are there lessons to be learnt from Islamic banking? The financial advisor Harris Irfan believes it's a system that is more equitable and transparent. Seventy five years ago Steinbeck's great depression novel, Grapes of Wrath, was published and Maggie Gee explores its legacy and asks where the wrath is now?
Producer: Katy Hickman.
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Charles Calomiris
Charles Calomiris is the Henry Kaufman Professor of Financial Institutions at Columbia Business School and a professor at Columbia鈥檚 School of International and Public Affairs.
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Fragile by Design: The Political Origins of Banking Crises and Scarce Credit by Charles W. Calomiris and Stephen H. Haber is published by Princeton University Press.
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Adair Turner
Adair Turner, former Chairman of the Financial Services Authority, is a Senior Fellow of the Institute for New Economic Thinking.
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His book on debt will be published later this year.
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Harris Irfan
Harris Irfan is the founder and managing partner of Cordoba Capital, an independent Islamic finance advisory firm.
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Heaven鈥檚 Bankers will be published by Constable in May.
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Maggie Gee
Maggie Gee is a novelist and Professor of Creative Writing at Bath Spa University.
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She is taking part in a debate, 鈥榃here鈥檚 the Wrath Now?鈥�, at the LSE celebrating the 75th anniversary of John Steinbeck鈥檚 novel The Grapes of Wrath on Tuesday 25 February at 6.30pm.
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Credits
| Role | Contributor |
|---|---|
| Presenter | Tom Sutcliffe |
| Interviewed Guest | Charles Calomiris |
| Interviewed Guest | Maggie Gee |
| Interviewed Guest | Harris Irfan |
| Interviewed Guest | Adair Turner |
| Producer | Katy Hickman |
Broadcasts
- Mon 24 Feb 2014 09:0091热爆 Radio 4
- Mon 24 Feb 2014 21:3091热爆 Radio 4
Podcast
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