Ferment in the Face of Crisis: A Tobin Project Conference at White Oak

These papers were written for our April 2009 conference, Government & Markets: Ferment in the Face of Crisis.

Model Failure

The Crisis of Old Models: Theories of Regulation Post-2008
Jessica Leight, Graduate Student in Economics, Massachusetts Institute of Technology

An Ounce of Prevention: The Power of Public Risk Management in Stabilizing the Financial System
David Moss, John G. McLean Professor of Business Administration, Harvard Business School

How Maximizing Shareholder Value Came to be Seen as the Purpose of Business Leadership: The Case of Elite U.S. Business Education
Rakesh Khurana, Marvin Bower Professor of Leadership Development, Harvard Business School; and Scott Snook, Associate Professor of Business Administration, Harvard Business School

Tragedy, Law, and Rethinking Our Financial Markets
David Westbrook, Floyd H. and Hilda L. Hurst Faculty Scholar and Professor, University at Buffalo Law School, The State University of New York

Toward New Theories and Methods

Approval Regulation and the Endogenous Provision of Confidence: Theory and an Analogy between Safety Regulation and Financial Regulation
Daniel Carpenter, Allie S. Freed Professor of Government, and Director, Center for American Political Studies, Harvard University; and Justin Grimmer, Graduate Student in Government, Harvard University

Regulating and Redesigning Finance: Observations from Organizational Sociology
Marc Schneiberg, John C. Pock Professor of Sociology, Reed College; and Timothy Bartley, Assistant Professor of Sociology, Indiana University-Bloomington

Solving the Present Crisis and Managing the Leverage Cycle
John Geanakoplos, James Tobin Professor of Economics, Yale University

The Case for Behaviorally Informed Regulation
Michael S. Barr, Professor of Law, University of Michigan; Sendhil Mullainathan, Professor of Economics, Harvard University; Eldar Shafir, Professor of Psychology and Public Affairs, Princeton University

Institutions and Reform

Lawyers, Bureaucratic Autonomy and Securities Regulation during the New Deal
Daniel Ernst, Professor of Law, Georgetown University Law Center

Dealing with Failure: Why Corporate Bankruptcy is not like Death
Bruce Carruthers, Gerard F. and Marjorie G. Fitzgerald Professor of Economic History, Northwestern University

Legal Fictions: Harnessing the Legitimacy of Private Law for Public Purposes
Annelise Riles, Clarke Professor of Far East Legal Studies, Professor of Anthropology, Cornell University