Davies Forum Lecture: Anil Kashyap
Thursday, August 29, 2013
5:00 PM - 9:00 PM
Fromm Hall 110 - Maier Room
Events and Lectures
Vallee, Andie S
College of Arts and Sciences
CORRUPTION, ETHICS AND CRISIS: THE AMERICAN ECONOMY AT CROSSROADS"“The
great pillars of all government and of social life [are] virtue,
morality, and religion. This is the armor, my friend, and this alone,
that renders us invincible."
–Letter to Archibald Blair, January 8, 1799; Patrick Henry, Moses Coit Tyler (New York: Houghton Mifflin00ad in Co; 1897), p. 409
aim of this Davies Forum is to examine in depth the erosion of values
in American businesses today and its consequence on the greater economy.
This forum attempts to search for the roots of the recent crisis in a
loss of the moral fiber in pursuit of profit maximization and examine
how, taking short-cuts with ethics, can undermine the very foundations
of the market economy on which our society is based. Entrenched in
University of San Francisco's core value "moral dimension of every
significant human choice", this forum is designed to identify the moral
compass around which we as individuals will take our business decisions,
realize the perils of losing sight of ethics not only for the
well-being of our souls, but also for our very existence as a leader of
the free world. Through this forum, we hope to generate critical
thinking about what loss of values can do to our economy and highlight
the need to change the future business climate - one where ethics will
be seen as a tool to achieve success, not a barrier to circumvent in
pursuit of greater material well-being.
Thursday, August 29, 2013, 5:00pm
Davies Forum Lecture by Anil Kashyap
Fromm Maier Room
"Will the U.S. and Europe Avoid a Lost Decade? Lessons from Japan’s Post Crisis Experience"
talk will describe the similarities and differences between Japan’s
recovery from its financial crisis in 1998 and the experience of the US
and Europe since 2008. We will investigate the policy mistakes made in
Japan that contributed to its slow recovery and see how the US and
Europe are handling the similar problems that they have experienced
after 2008. It appears that the parallels between Japan and the US are
modest, but Europe is repeating two key errors made in Japan.
This presentation is based on joint research with Takeo Hoshi.