George Soros Lecture on Financial Markets, Part 3

George Soros continues his week-long lecture series where he applies the concepts of fallibility, reflexivity and the human uncertainty principle he discussed in the first lecture to the financial markets. He discusses why his interpretation of financial markets is very different from the efficient markets hypothesis. In this third part of the lecture he reviews his ideas regarding solutions to bubbles and financial crises. George Soros announces the creation of an Institute for New Economic Thinking - INET - which will focus on research and curricula development to developing an alternative economic paradigm and will be launched on April 10 and 11 2009 at King's College Cambridge. He has committed $50 million over ten years to the institution through the Central European University. See below for a transcript of the lecture.