Andrew G Haldane: The dappled world

Text of the GLS Shackle Biennial Memorial Lecture by Mr Andrew G Haldane, Executive Director and Chief Economist of the Bank of England, London, 10 November 2016.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Introduction

I am delighted to be giving this year's Shackle Biennial Memorial Lecture.

The past few years have witnessed a jarring financial crisis as great as any have experienced since the world wars, a crisis whose aftershocks are still being felt today. Against that dramatic backdrop, I thought I would use this occasion to reflect on the state of economics, not least in helping us make sense of such catastrophic phenomena.