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Speaker(s): Professor John Kay | Modern economies need finance, to enable us to make payments, transfer wealth across our lifetimes and between generations, allocate capital and maintain the corporate and physical infrastructure, and to help us manage the risks of everyday life.  Instead, we have created a financial world that talks to itself, trades with itself, and is increasingly divorced from the activities of the real economy. John Kay explains how this came about – and what can be done to recreate a financial sector responsive to economic and social needs. John Kay (@JohnKayFT) is an economist whose career has spanned the academic world, business and public affairs. Currently, he is a visiting Professor of Economics at LSE and a Fellow of St John’s College, Oxford. He is a Fellow of the British Academy and of the Royal Society of Edinburgh. He is a director of several public companies and contributes a weekly column to the Financial Times. He recently chaired the Review of UK Equity Markets and Long-Term Decision-Making which reported to the Secretary of State for Business, Innovation and Skills in July 2012. He is the author of many books, including The Truth about Markets (2003), The Long and the Short of It: finance and investment for normally intelligent people who are not in the industry (2009) and Obliquity (2010). His latest book is Other People’s Money. Wouter Den Haan is Professor of Economics and Co-Director of the Centre for Macroeconomics. The Department of Economics at LSE (@LSEEcon) is one of the largest economics departments in the world. Its size ensures that all areas of economics are strongly represented in both research and teaching. The Centre For Macroeconomics (@CFMUK) brings together world-class experts to carry out pioneering research on the global economic crisis and to help design policies that alleviate it.

Other People's Money [Audio]

In this episode, Michael Dermer interviews Steven Madden, who made the Steve Madden brand a household name in shoes and now has led the brand to endeavors far beyond shoes.&nbsp; No one knows more about success in the face of the struggle. Steve spent two years in jail when his company was taken public by Stratton Oakmont, the investment firm run by his childhood friend, Jordan Belfort, the character played by Leonardo DiCaprio, in The Wolf of Wall Street.&nbsp; Steve shares his views on:  Surviving in jail for two years How we knew he was an entrepreneur Donald Trump and how he would be as President Getting caught up in the scandal of Stratton Oakmont His happiest day and loneliest day  For this episode's show notes, visit www.lonelyentepreneur.com/category/podcasts &nbsp;

The Lonely Entrepreneur Podcast: Episode 1102: Steve Madden's Struggle: Success in the Face of Jail and Betrayal by the Wolf of Wall Street

Speaker(s): Professor Philip Goodchild, Dr Waltraud Schelkle, Susan Steed | What is money, where does it come from, and why does it sometimes fail to make us better off? The banality of money makes it appear neutral with respect to political, religious, or moral values. Should we try to answer these questions in a value-neutral way, or does money shelter a value system hiding in plain sight? Philip Goodchild is Professor of Religion and Philosophy at the University of Nottingham. Waltraud Schelkle is Associate Professor of Political Economy at LSE. Susan Steed (@sussteed) is co-founder of The Brixton Pound and Visiting Tutor at the New College for the Humanities. Peter Dennis is Fellow, Department of Philosophy, Logic and Scientific Method, LSE and Forum for European Philosophy Fellow. The Forum for European Philosophy (@ForumPhilosophy) is an educational charity that organises a full and varied programme of philosophy and interdisciplinary events in the UK.

The Lonely Entrepreneur Podcast: Episode 1102: Steve Madden's Struggle: Success in the Face of Jail and Betrayal by the Wolf of Wall Street

michaeldermer