The Soros Lectures: At the Central European UniversityFive lectures George Soros recently delivered at the Central European University in Budapest - which he founded in 1991 - distill a lifetime of thinking on finance, capitalism and open society In a series of lectures delivered at the Central European University in October 2009, George Soros provided a broad overview of his thoughts on economics and politics. The lectures are the culmination of a lifetime of practical and philosophical reflection. In the first and second lecture, Soros discusses his general theory of reflexivity and its application to financial markets, providing insight into the recent financial crisis. The third and fourth lectures examine the concept of open society, which has guided Soros' global philanthropy, as well as the potential for conflict between capitalism and open society. The closing lecture focuses on the way ahead, closely examining the increasingly important economic and political role that China will play in the future. "The Budapest Lectures" presents these five seminal talks into one volume, which offers a condensed and highly readable summary of Soros' world view. |
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agency problem argument aspect of reality believe boom boom-bust processes bubble Bush capital Central European University China Chinese cognitive function collapse collateralized debt obligations concept of reflexivity conceptual framework confidence multiplier course of events crises currency democracy distorted economic theory efficient market hypothesis Enlightenment fallacy equilibrium European University Lecture failed fallibility false far-from-equilibrium feedback loops fertile fallacy financial authorities financial markets func george soros global hedge fund human affairs human uncertainty principle Hungary influence institutions international financial system Lehman Brothers manipulative function market fundamentalism market fundamentalist market mechanism market participants market values misconception moral near-equilibrium conditions objective aspect open society Open Society Institute philosophers political process Popper positive feedback postmodern fallacy predictions President Obama prevailing recent financial crisis regulations renminbi representative democracy resource curse role rules scientific laws self-interest social sciences soros successful super-bubble testing ticipants tion trend understanding United views