A year ago today, the Hoover Institution and the Brookings Institution held an unusual joint conference on the financial crisis, where twenty-four economists and legal scholars reexamined the crisis, its effect on the US economy, and possible policy reforms. The participants were spread between two venues: Hoover at Stanford and Brookings in Washington. The conference was simulcast so that people at each location could see and hear people at the other location.
This month a book titled Across the Great Divide, containing all the conference papers and edited by Martin Baily and me will be released.
We chose that title because it is symbolic of the wide range of different opinions represented at the conference. As we wrote in the introduction, “while both Brookings and Hoover are proud of the range of scholars within each institution that embrace different politics and economic philosophies, Brookings is often seen as center…
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