A Call for Judgment: Sensible Finance

THU, OCT 21, 2010 (1:02:23)

Amar Bhide takes apart the so-called advances in modern finance, showing how backward-looking, top-down models were used to mass-produce toxic products. He offers tough, simple rules: limit banks and all deposit taking institutions to basic lending and nothing else.

Amar Bhidé is a visiting scholar at Harvard University's Kennedy School of Government and is the former Lawrence D. Glaubinger Professor of Business at Columbia University.

+ BIO: Amar Bhidé

Amar Bhidé is a visiting scholar at Harvard University's Kennedy School of Government and is the former Lawrence D. Glaubinger Professor of Business at Columbia University. He has also served on the faculty of the University of Chicago's Graduate School of Business.

Previously, Bhidé was senior engagement manager at McKinsey & Company and propriety trader at E. F. Hutton. He has also served on the staff of the Brady Commission which investigated the stock market crash.

Bhidé is the author of A Call for Judgment: Sensible Finance for a Dynamic Economy. His book, The Venturesome Economy: How Innovation Sustains Prosperity in a More Connected World, won the Association of American Publishers' PROSE Award for Professional and Scholarly Excellence in Business, Finance, and Management and was included in the "Best of 2008" lists of The Economist, BusinessWeek, and Barrons.

He is a member of the Center on Capitalism and Society and spearheaded the launch of its eponymous journal Capitalism and Society, which he now edits with professor Edmund Phelps. Bhidé is also a member of the Council on Foreign Relations, a fellow of the Royal Society of Arts, and a former associate fellow at the Harvard Business School.

Partner
Carnegie Council for Ethics in International Affairs
Series
FRONTLINE: Inside the Meltdown Series