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Nouriel Roubini, a professor of economics at New York University's Stern School of Business, has now written a myth-shattering book about the methods he used to foretell the crisis before other economists saw it coming, entitled Crisis Eco-nomics: A Crash Course in the Future of Finance. Nouriel Roubini served in the White House and the United States Treasury Department. He is the founder and chairman of RGE Monitor, an economic and financial consulting firm, and is an advisor of central bankers around the world.
He was named one of the Top 100 Public Intellectuals in the world in 2008 by Foreign Policy magazine, and Fortune magazine has singled him out as one of the market experts who predicted this severe financial crisis.
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Matthew Bishop is the U.S. business editor and New York bureau chief of The Economist. His new book, The Road from Ruin: How to Renew Capitalism and Put America Back on Top, with Michael Green, was published by Crown in February 2010. Philanthrocapitalism, his previous book (also with Mr. Green) was on the global revolution under way in philanthropy. Mr. Bishop is also the author of Essential Economics, The Economist's official layperson's guide to economics. Mr. Bishop is the author of several of The Economist's special report supplements, most recently "A Bigger World," which examines the opportunities and challenges accompanying the rise of emerging economies and firms. Before joining The Economist, Mr. Bishop was on the faculty of London Business School.
Nouriel Roubini is the co-founder and chairman of Roubini Global Economics, an innovative economic and geostrategic information service and consultancy named one of the best economics websites by Business Week, Forbes, the Wall Street Journal and The Economist. He is also a professor of economics at New York University's Stern School of Business.
Dr. Roubini has extensive policy experience as well as broad academic credentials. From 1998 to 2000, he served as the Senior Economist for International Affairs at the White House Council of Economic Advisors and then the Senior Advisor to the Under Secretary for International Affairs at the U.S. Treasury Department, helping to resolve the Asian and global financial crises among other issues. The International Monetary Fund, the World Bank and numerous other prominent public and private institutions have drawn upon his consulting expertise.
He has published over 70 theoretical empirical and policy papers on international macroeconomic issues and co-authored the books Political Cycles: Theory and Evidence, Bailouts or Bail-ins?, Responding to Financial Crises in Emerging Markets and Crisis Economics–A Crash Course in the Future of Finance. Dr. Roubini's views on global economics issues are widely cited by the media, and he is a frequent commentator on various business news programs. He has been the subject of extended profiles in the New York Times Magazine and other leading current-affairs publications. The Financial Times has also provided extensive coverage of Dr. Roubini's viewpoints.
Dr. Roubini received an undergraduate degree at Bocconi University in Milan, Italy and a Ph.D. in economics at Harvard University. Prior to joining Stern, he was on the faculty of Yale University's department of economics.
NYU economics professor Nouriel Roubini warns the United States economy can't handle another financial crisis, which he says is avoidable with the right regulations in place. "The last three U.S. recessions have been caused by asset bubbles going wrong," says Roubini. "There is a pattern here."
Social science that analyzes and describes the consequences of choices made concerning scarce productive resources. Economics is the study of how individuals and societies choose to employ those resources: what goods and services will be produced, how they will be produced, and how they will be distributed among the members of society. Economics is customarily divided into microeconomics and macroeconomics. Of major concern to macroeconomists are the rate of economic growth, the inflation rate, and the rate of unemployment. Specialized areas of economic investigation attempt to answer questions on a variety of economic activity; they include agricultural economics, economic development, economic history, environmental economics, industrial organization, international trade, labour economics, money supply and banking, public finance, urban economics, and welfare economics. Specialists in mathematical economics and econometrics provide tools used by all economists. The areas of investigation in economics overlap with many other disciplines, notably history, mathematics, political science, and sociology.