The current financial crisis sounds the death knell for laissez-faire capitalism
Moderator: Professor Colin Mayer
Professor Colin Mayer is Dean of the Saïd Business School and Professorial Fellow of St Edmund Hall, Oxford.
Proposer: Professor Jonathan Michie
Professor Jonathan Michie is Director of the Department for Continuing Education and President of Kellogg College, Oxford.
Opposer: Dr Linda Yueh
Dr Linda Yueh is Fellow in Economics at St Edmund Hall, Oxford.
Opening statements - 03 Nov 08
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Professor Colin Mayer
The events of the last year have brought to the fore a debate that many people though... read more
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Professor Jonathan Michie
I would argue that the recent banking crisis and looming recession are the consequenc... read more
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Dr Linda Yueh
It is too early to sound the death knell for laissez-faire economics. Although tarnis... read more
Update 1
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06 Nov 08
Professor Jonathan Michie
There are a variety of capitalisms. Indeed, there is a large academic literature on t... read more
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10 Nov 08
Dr Linda Yueh
Capitalism and associated economic models are constantly updated. For instance, it is... read more
Update 2
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13 Nov 08
Professor Jonathan Michie
Even the most extreme proponents of free-market capitalism – the Friedmanite mo... read more
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17 Nov 08
Dr Linda Yueh
There is a tendency in an economic crisis to go too far to the other extreme. There i... read more
Closing statements - 20 Nov 08
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Professor Jonathan Michie
Laissez-faire capitalism has been pronounced dead by world leaders and commentators. ... read more
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Dr Linda Yueh
This debate has focused largely on the extent of regulation of markets. The United St... read more
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Professor Colin Mayer
This has been an interesting debate for revealing agreement as well as disagreement.&... read more
For
53.9%
Results
Against
46.1%
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Your comments
The debate
ciaran driver | 25 Nov 08
Jonathan Michie is right to pose the question in terms of the variety of...
capitalism
fran | 24 Nov 08
capitalism is great for those who have no existential issues to worry about -...
capitalism and China
cecilia hatt | 24 Nov 08
The United States, whose system of capitalism Linda Yueh seems to think is...
capitalism - 8
greenpepper | 21 Nov 08
As of today it looks as though we have the mother and father of all crises, but...
capitalism 7
greenpepper | 21 Nov 08
Capitalism also requires labour in certain physical forms and the non compliant...