Gerald Epstein - Banks: How Big Is too Big?

Professor Jerry Epstein discusses his research on the financial sector's size and efficiency, exploring its impact on the real economy. He examines historical and microeconomic perspectives, focusing on functional efficiency and the political economy. Epstein's academic journey and the establishment of a think tank highlight his commitment to rigorous, policy-relevant research.

What is the main focus of Professor Jerry Epstein's research?

How does the financial sector serve the real economy according to Jerry Epstein?

What are the potential negative consequences of a bloated financial sector?

Explain the concept of 'functionally efficient financial system' as discussed in the text.

What historical periods does Epstein reference to illustrate the positive role of finance?

What is the significance of the term 'socially inefficient' in the context of the financial sector?

How does Jerry Epstein's background in political science influence his approach to economics?

What role does the Political Economy Research Institute play in Epstein's work?

Discuss the relationship between financial speculation and economic stability as presented in the text.

What are the key functions of finance that Epstein identifies?