Pedro Molina

L’economia in crisi

BERKELEY – Il momento più interessante della conferenza tenutasi a Bretton Woods, New Hampshire (anche luogo della conferenza del 1945 che definì l’assetto dell’economia globale odierna), si è verificato quando Martin Wolf, editorialista del Financial Times, ha posto una domanda all’ex Segretario al Tesoro degli Stati Uniti, Larry Summers, ed ex assistente del Presidente Barack Obama sulla politica economica. Nello specifico Wolf chiese se ciò che si è verificato negli ultimi anni non sta semplicemente ad indicare che gli economisti (accademici) non hanno capito quello che stava succedendo.

Nella parte migliore della sua risposta Summers ha affermato che [Walter] Bagehot aveva fatto riferimento ad un contesto simile a quello che ha poi portato alla crisi recente, così come ulteriori elementi sono stati indicati da [Hyman] Minsky e forse ancor di più da [Charles] Kindleberger. Questa risposta potrebbe non aver alcun significato per un non economista, ma si è invece trattato di un atto d’accusa sconvolgente.

Bagehot (1826-1877) era uno dei direttori dell’Economist nel XIX secolo e autore di un libro sui mercati finanziari, Lombard Street, del 1873. Summers ha senza dubbio ragione nel dire che nel libro ci sono diversi elementi sulla crisi dalla quale ci stiamo riprendendo.

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