Almost everyone agrees that the old paradigm of neoclassical economics is broken, but there is no agreement on what can replace it. A recent conference in Berlin explored the possibilities.Read it at Project Syndicate
A Berlin Consensus?
by Andrew Sheng, chief adviser to China's Banking Regulatory Commission, is President of the Fung Global Institute in Hong Kong. Previously, he served as Chairman of Hong Kong’s Securities and Futures Commission, and was Deputy Chief Executive of the Hong Kong Monetary Authority. In the late 1990’s, he chaired the Financial Stability Forum’s Task Force on Implementation of Standards. His latest book is From Asian to Global Financial Crisis.