Tuesday, 8 November 2011
What is the value of the financial sector?
At VoxEU.org Wouter den Haan of the London School of Economics talks to Viv Davies about his lead commentary in the current Vox Debate on the value of the financial sector. He argues that standard measures of the sector's economic contribution overestimate its true value to a modern economy. They also discuss the views of other notable economists, as well as how regulation could curb excesses in the sector and prevent socially negative spillovers.