Events

Agenda

FRIDAY SESSIONS AND ROUND TABLE

1:00-1:10  Welcome: Jeffrey D. Sachs

1:10-1:20  Introductory Remarks: Edmund S. Phelps

1:20-2:05  Corporate Governance

Chair: John Kay

Steven Kaplan: US governance: relatively good and getting better

Lucian Bebchuk: The allocation of power between management and shareholders

Mark J. Roe: Explaining western securities markets

2:05-2:20  General Discussion

2:20-2:40  Discussant: Joseph E. Stiglitz

2:45-4:00  Innovations: Entrepreneurs and Knowledge

Chair: Jeffrey D. Sachs

William J. Baumol: The role of established firms

Amar Bhide: The role and contribution of self-financed entrepreneurs

Robert J. Shiller: How innovation happens

Roman Frydman: Modeling creative forecasting behavior

Richard R. Nelson: Institutions for technical innovation in modern capitalist countries

4:00-4:15  General Discussion 

4:15-4:30  Coffee

4:30-5:45  Entrepreneurship and Financing in Growth and Fluctuation

Chair: Bengt Holmstrom

Edmund Phelps: Some elements of a model of capitalism

Philippe Aghion: Financial development and innovation: implications for growth and fluctuations

Peter Howitt: Coordination problems in innovation

Pentti Kouri: Fads and manias in the birth and death of new companies

Gilles Saint-Paul: Will ‘limited needs’ kill capitalism?

5:45-6:00  General Discussion

6:00-6:30  Discussant of above 2 sessions: Robert M. Solow

6:30-7:00  Round Table

Chair: Paul A. Volcker

William J. McDonough

Luigi Spaventa

Richard E. Cavanagh

7:00-7:15  General Discussion

7:30-8:00  Reception (by invitation)

8:00-10:00  Dinner (by invitation)

SATURDAY SESSIONS AND ROUND TABLE

8:30-8:40  Continental breakfast

8:45-10:00  Institutions and Culture for Dynamism

Chair: Olivier Blanchard

R. Glenn Hubbard: The state and entrepreneurship*

James J. Heckman: Effects of labor market institutions

Luigi Zingales: Why capitalism is politically fragile

Duncan Foley: The analytic specifics of capitalism

Stefano Micossi: The stock exchange and ‘family capitalism’

10:00-10:15  General Discussion

10:15-10:30  Discussant: Andrzej Rapaczynski

10:30-11:15  Roles for the State

Chair: Andrzej Rapaczynski

Andrei Shleifer: What should the government do in poor countries?

Partha Dasgupta: Social capital in economic progress

Janusz Ordover: Regulation and litigation

11:15-11:30  General Discussion

11:30-11:45  Discussant: Bruce C. Greenwald

11:45-12:00  Coffee

12:00-12:45  Can Capitalism Work Well Beyond a Few Nations? In Developing Nations?

Chair: Luigi Paganetto

Robert A. Mundell: China: is it capitalism?

Rafael Di Tella: Why capitalism doesn’t flow to poor countries

John Sutton: Multinational corporations in India and China: knowledge transfer and capacity building

12:45-1:00  General Discussion

1:00-1:15  Discussant: Jeffrey D. Sachs

1:15-1:45  Round Table

Chair: Stanley Fischer

Leszek Balcerowicz

Raghuram Rajan

1:45-2:00  General Discussion

* Moved out of its session, Roles of the State, to accommodate a schedule conflict.