Does recently maligned financial innovation produce an economic good? The third installment in our Innovation Series explores this question with the James and Merryl Tisch Professor of Economics and Director William R. Rhodes Center for International Economics and Finance, Watson Institute for International Studies, Brown University.
Fresh off his Economist magazine on-line debate with Nobel laureate Joseph Stiglitz, Dr. Levine - the advocate for financial innovation - describes why financial innovation is not just important but "necessary for growth". We also discussed the role of regulation viz-a-viz financial innovation and the future of the economics profession (including the George Soros funded Institute for New Economic Thinking initiative.
The length of the interview is 14 minutes 12 seconds.
To listen to this interview, click here