Mervyn King: Economic Policy in a World Turned Upside Down
Mervyn King says radical uncertainty calls for radical thinking. (IMF photo)
In This Episode
Following the great economic crises of the 20th century, there were periods of intellectual and political upheaval that ultimately changed economic policy. Mervyn King, former Governor of the Bank of England, argues the 2008 financial crisis should have prompted the same reaction but didn’t. King delivered this year's Per Jacobsson Lecture during the IMF-World Bank Annual Meetings, and warned the failure to dramatically change our approach to economic policy risks another financial crisis.
