In this truly inspirational lecture, Professor Edward Cohen of the University of Pennsylvania discusses not only the relationship between the current Greek, European, and American current financial crises. He also tells us what both Greece and America should learn from the experiences of the ancient Greeks. He presents us with four lessons: Banking is dangerous. Trust is key to attracting capital. Skillfull economies can collect taxes even from those determined not to pay. It is best to borrow from those you can control.
The School would like to thank the Paul and Alexandra Canellopoulos Foundation for their generous support, and also Barry J. Jacobson for support of the Director’s series.