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Simon Johnson: On Starting a Revolution

Simon Johnson is a British American economist. He currently is the Ronald A. Kurtz Professor of Entrepreneurship at the MIT Sloan School of Management and a senior fellow at the Peterson Institute for International Economics.

He has held a wide variety of academic and policy-related positions, including Professor of Economics at Duke University’s Fuqua School of Business.

From March 2007 through the end of August 2008, he was Chief Economist of the International Monetary Fund.

Simon has written two books, his recent 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown he insists the choice that America faces is stark: whether Washington will accede to the vested interests of an unbridled financial sector that runs up profits in good years and dumps its losses on taxpayers in lean years, or reform through stringent regulation the banking system as first and foremost an engine of economic growth. To restore health and balance to our economy, Johnson and Kwak make a radical yet feasible and focused proposal: reconfigure the megabanks to be “small enough to fail.”

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