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Capital Flows - Professor Jagjit Chadha

770 views · Published 16 September 2015 · 1:52 · Indexed 10 November 2026

Channel: Gresham College · 2015 · Education

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Economic Theory seems to indicate a clear preference for Capital to flow. However, practical assessment shows that capital in fact appear to flow uphill:
http://www.gresham.ac.uk/commerce-lecture-series-2015-16-an-introduction-by-professor-jagjit-chadha
A key puzzle for modern economist is the movement of capital around the world. The theory indicates that we should see capital move from developed economies into less developed economies, where that capital will be more effective. In reality, the developed nations appear to be sucking capital from the rest of the world. Professor Jagjit Chadha tackles this problem in his lectures, and introduces the conundrum in this short clip.
Jagjit Chadha is the Mercers’ School Memorial Professor of Commerce at Gresham College and Professor of Economics at the University of Kent. He has also acted as an academic adviser to HM Treasury, the Bank of England and many policy-making institutions around the world. His main interests lie in macroeconomics, with a particular focus on monetary issues. Professor Chadha has been at the University of Kent since 2007, where holds the position of Professor and Chair in Money and Banking at the Department of Economics and is a Visiting Professor at the University of Cambridge. He is also Chair of the Money, Macro and Finance Research Group and a specialist adviser to the Treasury Committee.
http://www.gresham.ac.uk/professors-and-speakers/professor-jagjit-chadha
Professor Chadha will be delivering six lectures on the macroeconomic puzzles caused by the difference between economic theory and practice. From the Carry Trade to the Equity Premium, these real world phenomena are discussed and dissected to see what we might need to add to the theory and how we might improve our understanding. These talks are sure to delight the enthusiast and the student of economics alike.
http://www.gresham.ac.uk/some-macroeconomic-puzzles-conjectural-refutations
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,800 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
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