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In their book Masters of Nothing: Human Nature, Big Finance, and the Fight for the Soul of Capitalism, UK Conservative Party MP’s Matthew Hancock and Nadhim Zahawi argue that a collective failure to understand human nature was the underlying cause of the Great Recession-one of the largest crises in the history of modern capitalism. The MPs argue similar crises will happen again unless policymakers radically rethink their assumptions about human rationality and design systems to accommodate the inevitable flaws and irrationality of individuals, banks, and the economy as a whole.
Conceived as an antidote to the neoclassical-inspired economics textbooks which led pre-crisis thinking astray, this account of the crash is illustrated with gripping stories about the behavior of those who both precipitated and lived through it. Released to critical acclaim in the United Kingdom in May 2012, MPs Hancock and Zahawi visit Washington to introduce an updated, U.S.-focused edition that analyzes Wall Street’s role in precipitating the financial crisis. Please join us as the authors explore how policymakers can introduce reforms designed to fix the relationship between finance and the real economy.
Matthew Hancock Minister of Skills, MP, West Suffolk
Nadhim Zahawi Member of Parliament, Stratford-on-Avon
Robert D. Atkinson President, Information Technology and Innovation Foundation
Joe Kennedy President, Kennedy Research, LLC