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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
The 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"
This 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.
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