Category Archives: Videos

Speculation. Its causes, consequences, and history – Fourteenth guest lecture by Paul Jorion – 28th March 2013

– Speculation is justified by the fact it provides “liquidity”. What do we mean by “liquidity”?
– Does speculation provide it?
– The motives for speculation
– The costs of speculation: economic and social
– The successful campaign to allow speculation (1850-1890)
– Stock exchanges. Should we go back to “fixing” and dispose of continuous pricing?

Guest lecture by Paul Jorion on Thursday,28th of March 2013, at Vrije Universiteit Brussel

Financial instruments in an ethical perspective: plain vanilla and derivatives – Twelfth guest lecture by Paul Jorion – 14th March 2013

– Price as information
– What can be said with certainty about the future?
– Transparency as an alternative to regulation
– “Terrorism” futures
– The conflict between perfect information and insider trading
– Dark pools and transparency
– High Frequency Trading and transparency
– Crony capitalism

Guest lecture by Paul Jorion on Thursday,14th of March 2013, at Vrije Universiteit Brussel

Sources of income: labour and capital – Ninth guest lecture by Paul Jorion – 22d February 2013

– Rent, wage, interest and profit
– Proudhon’s notion of a “windfall”: labour as a catalyst of a natural process
– François Quesnay (1694-1774): “classes laborieuses” / “classes oisives”
– Hamilton vs. Jefferson (1789-1804)
– What are the principles for taxation of labour and of capital?
– Accounting arbitrage; fiscal arbitrage

Guest lecture by Paul Jorion on the 22nd of February 2013 at Vrije Universiteit Brussel

Profit and Ethics. Aristotle’s chrematistic – Eighth guest lecture by Paul Jorion – 21th December 2012

– How come Aristotle’s theory of money is part of his Politics and his theory of price, part of his Ethics?
– What is profit?
– How can money generate money?
– Merchants vs. household heads
– Money and happiness
– A history of the “Fair price”.
– Time vs. instant. Book value, Mark-to-Market , Mark-to-Model

Guest lecture by Paul Jorion on the 21st of December 2012 at Vrije Universiteit Brussel

Lord Adair Turner : socially useful and socially useless financial activities – Seventh guest lecture by Paul Jorion – 13th December 2012

– What functions should financial firms fulfil?
– Tobin tax, Glass-Steagall Act. Are there universal principles to banking?
– Shareholders and stakeholders. Do shareholders “own” a company?
– The responsibilities of a corporation, of a trust
– Are some products or services “socially useless”? If so, what should be done? Trust self-discipline or enforce prohibition?
– An international Constitution for the Economy?

Guest lecture by Paul Jorion on Thursday, 13 December, 2012 – 15:00 to 18:00 at Vrije Universiteit Brussel.