Financial Institutions—Too Big Not to Fail
Traders on the Sao Paulo futures market during the recent financial crash. "Failure is not an option in the financial sector" Harford (photo: Sebastiao Moreira/epa/Corbis)
In This Episode
Failure is not necessarily a bad thing, according to Tim Harford. In his new book, Adapt, reviewed in the IMF's F&D magazine, Harford argues the world is so complex that only through trial and error can we find solutions to the problems confronting us. In conversation with Simon Johnson, Harford says we need to allow more room for failure in the financial sector.
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BEHIND THE MIC
Bruce Edwards
International Monetary Fund
Bruce Edwards produces the IMF podcast program. He's an award-winning audio producer and journalist who's covered armed conflicts, social unrest, and natural disasters from all corners of the world. He believes economists have an important role in solving the world's problems and aspires to showcase their research in every IMF podcast.
Rhoda Metcalfe
RHODA METCALFE is an independent journalist and audio producer.