Symposium on Public Policy Issues in Finance

Authors

  • HAYNE E. LELAND,

  • MARTIN FELDSTEIN,

  • ROBERT R. GLAUBER,

  • DAVID W. MULLINS JR.,

  • STEVEN M. H. WALLMAN

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    • This symposium was organized by James Bicksler, Rutgers University. Hayne Leland is at the University of California Berkeley, Martin Feldstein, Harvard University and President of the National Bureau of Economic Research; Robert Glauber, Harvard University; David Mullins, Long Term Capital Management; and Steven Wallman is a Commissioner of the Securities and Exchange Commission. All the views expressed are those of the authors and do not necessarily reflect the positions of their respective institutions.


ABSTRACT

The thesis of this symposium, organized by James Bicksler, was that while finance theory will surely inform practitioners, it seems appropriate to pay some attention to the opposite flow: practitioners can inform theory. Contributors include a distinguished group of practitioners with extensive backgrounds in economics, and economists with extensive public policy experience: Martin Feldstein, Robert Glauber, David Mullins, and Steven Wallman. Their topics range from privatizing social security, to managing market crashes, to the regulatory agency cost problem, to regulatory constraints in a technologically advanced world.

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