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Timothy BEARDSON (Hong Kong)
Chairman, Ilex Partners

During 1984-99, Timothy Beardson founded and later sold Crosby Financial Holdings, which became the largest independent investment bank in the Far East. In 1989, it was the first foreign investment bank licensed in China and later helped start the Shanghai Stock Exchange.

He addresses economic and strategic issues at events such as the World Economic Forum at Davos and speaks frequently to governments, universities, boards, the military and central banks. His book (Stumbling Giant: the Threats to China’s Future 2013, Yale University Press), when published was called “Book of the Week” in The Times of London and was nominated for the Samuel Johnson Prize for Non-Fiction. The book examines whether China will replace the US as the next superpower and the challenges which will face China in the 21st century. He is Chairman of China Outlook, the new internet-based newsletter http://china-outlook.net, specialising in high quality writing on China’s future. He is frequently interviewed on television and wireless.

Timothy Beardson is the Chairman of Ilex Partners Limited, an investment banking firm specializing in linking China with the West. He is interested in coaching young entrepreneurs and is the Chairman of the China Oxford Scholarship Fund which provides financial support to highly talented Chinese graduates from disadvantaged families to study at Oxford University. He is also a principal shareholder in Gatcombe which is a consultancy firm focusing on high quality educational advice to Chinese families.


Peter BERNHOLZ (Switzerland)
Retired Full Professor, Department of Economics and Business (WWZ),
Universitaet Basel

Retired professor of Economics at Retired professor of Economics at Universitaet Basel, Switzerland. Educated at Marburg and Munich Universities. Main fields of research: Austrian Real Capital Theory; Public Choice; Monetary Theory, Policy and History.

Rockefeller Fellow 1963/64 at Harvard and Stanford Universities. Guest professor at Massachusetts Institute of Technology, Virginia Polytechnic Institute, Institute for Advanced Studies, Vienna, Stanford University, University of California Los Angeles, Australian National University, Canberra, University of California Irvine, Universita degli Studi di Roma “La Sapienza”, Universitaet Innsbruck.

Corresponding Member of the Bavarian Academy of Sciences. Dr. h. c. of Universitaet Konstanz and Universitaet Freiburg.

Co-Founder of the European Public Choice Society and her President from 1974 to 1981; Member of the Wissenschaftliche Beirat (Academic Advisory Council) of the German Minister of Economics since 1974. Member of the Board of the Mont Pelerin Society 1992-98.

Among many publications are Aussenpolitik und Internationale Wirtschaftsbeziehungen (Foreign Policy and International Economic Relations), 1965, The International Game of Power, 1985, The Bundesbank and the Process of European Monetary Integration. In: Deutsche Bundesbank (ed.): Fifty Years of the Deutsche Mark. 1999, Monetary Regimes and Inflation, 2003, and The Swiss National Bank from 1945 – 1982. In: Swiss National Bank (Ed.): The Swiss National Bank 1907-2007, 2007.

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Surjit Singh BHALLA (India)
Chairman, Oxus Investments Pvt. Ltd.

Surjit S. Bhalla is Chairman of Oxus Investments, a New Delhi-based economic research, asset management, and emerging-markets advisory firm. He taught at the Delhi School of Economics and worked at the Rand Corporation, the Brookings Institution, and at both the research and treasury departments of the World Bank. He has also worked at Goldman Sachs (1992–94) and Deutsche Bank (1994–96). He is author of Devaluing to Prosperity: Misaligned Currencies and Their Growth Consequences (2012) and Imagine There’s No Country: Poverty, Inequality, and Growth in the Era of Globalization (2002). His present research interests include the study of the middle class, male preference and skewed sex ratios, and the effect of economic performance on electoral outcomes. He has been a member of several governments of India committees on economic policy, most recently the committee on capital account convertibility. He is on the board of India’s largest think tank and was an appointed member of the National Statistical Commission of India. He is also a regular contributor to newspapers and magazines on economics, politics, and cricket. His first book, Between the Wickets: The Who and Why of the Best in Cricket (1987), developed a model for evaluating performance in sports.


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Professor of Economics, George Mason University

Donald J. Boudreaux is the Martha and Nelson Getchell Chair and senior fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University, a professor of economics and former economics-department chairman at George Mason University. He specializes in globalization and trade, law and economics, and antitrust economics. Boudreaux is committed to making economics more accessible to a wider audience, and he has lectured across the United States, Canada, Latin America, and Europe on a wide variety of topics, including antitrust law and international trade. He is the author of the books Hypocrites and Half-Wits: A Daily Dose of Sanity from Cafe Hayek and Globalization, as well as of the forthcoming, An Introduction to Hayek. He writes a blog (with Russell Roberts) called Cafe Hayek and a regular column on economics for the Pittsburgh Tribune-Review. Boudreaux earned a PhD in economics from Auburn University and a law degree from the University of Virginia.


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Zhiwu CHEN (USA)
Professor of Finance, Yale School of Management

Professor Zhiwu Chen is an expert on finance theory, securities valuation, emerging markets, and China's economy and capital markets. Dr. Chen started his career by publishing research papers in top economics and finance journals on topics related to financial markets and theories of asset pricing. Around 2001, Dr. Chen began to expand his research beyond mature markets and investigating market development and institution-building issues in the context of China’s transition process and other emerging markets. Dr. Chen is on the International Advisory Board of the China Securities Regulatory Commission (CSRC), the Board of Trustees of the Yale-China Association, and a Chief Academic Advisor to two 10-episode CCTV documentary series, “Wall Street” and “Money”. He is Chief Advisor to Permal Group, and on the board of directors at PetroChina, Bank of Communications, and Lord Abbett China Fund Management. His work has been featured in newspapers and magazines in the United States, Hong Kong, China and other countries. He is a frequent contributor to media publications in China on topics of economic policy, market development and legal reform. His list of books published in China includes: How Is Wealth Created? (2005), Media, Law and Markets (2005), Why are the Chinese Industrious and Yet Not Rich (2008), Irrational Overconfidence (2008), The Logic of Finance (2009), 24 Wealth Lectures (2009), and Assessing China’s Economic Growth of the Past 30 Years (2010).


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Andrea DEN BOER (Canada)
Senior Lecturer in International Relations,
School of Politics and International Relations, University of Kent (UK)

Dr. Andrea den Boer is a Senior Lecturer in the School of Politics and International Relations at the University of Kent in the United Kingdom. She has spent the past fifteen years researching the impact of the gender imbalance in Asia’s population, with a focus on India and China. Her co-authored book Bare Branches: the Security Implications of Asia's Surplus Male Population received the American Publishers Award for Best Professional/Scholarly Book in Government and Political Science as well as the Otis Dudley Duncan Award for Distinguished Scholarship in Social Demography. Dr. den Boer is Editor of the Journal Global Society: Journal of Interdisciplinary International Relations and a Principal Investigator on the WomanStats Project, an international database and interdisciplinary research project that facilitates investigations of the linkage between the situation of women and the security of nation-states.


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Professor of Economics, Co-director of Development Research Institute,
New York University

William Easterly is Professor of Economics at New York University and Co-director of the NYU Development Research Institute, which won the 2009 BBVA Frontiers of Knowledge in Development Cooperation Award. He is the author of three books: The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor (March 2014), The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Harm and So Little Good (2006), which won the FA Hayek Award from the Manhattan Institute, and The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics (2001).

He has also published more than 60 peer-reviewed academic articles, and ranks among the top 100 most cited economists worldwide. He has written columns and reviews for the New York Times, Wall Street Journal, Financial Times, New York Review of Books, and Washington Post. He has served as Co-Editor of the Journal of Development Economics and as Director of the blog Aid Watch. He is a Research Associate of NBER, senior fellow at BREAD, and nonresident Senior Fellow at Brookings. Foreign Policy Magazine named him among the Top 100 Global Public Intellectuals in 2008 and 2009. He is also the 11th most famous native of Bowling Green, Ohio.


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Inchul KIM (South Korea)
Professor, Department of Economics, Sung Kyun Kwan University

Dr. Inchul Kim is currently Professor Emeritus at Sung Kyun Kwan University, Seoul Korea. He graduated from the University of Chicago with a Ph. D. in Economics in 1981. Before taking his tenured position at Sung Kyun Kwan in 1988, he had worked as a senior research fellow at Korea Development Institute (KDI) which is the Korean government’s premier economic think tank.

While teaching and doing research work for over a quarter century in Korea, Prof. Kim has been trying to bridge the gap between the theory he learns and the reality he experiences. He believes Korea still has miles to go before it becomes a full-fledged advanced and developed economy.

Prof. Kim knows the Korean economy inside and out, recognizing both the nation’s competitive edge and its weaknesses. In 2013 he served as President of the Korea Economic Association. He hopes Korean economy will develop much further as President Park’s deregulation policy is becoming much successful. The title of his speech today is “President Park’s Deregulation Policy Encounters Numerous Hindrances.”


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Václav KLAUS (Czech Republic)
Václav Klaus Institute, Former President of Czech Republic

An academic economist by training, he was forced out of the Academy of Sciences after the Soviet invasion of what was then Czechoslovakia in 1968, after the Prague Spring era. He returned back after the so-called ‘Velvet Revolution’ of 1989, as one of the founders of the Civic Forum Movement. He was the country’s first non-Communist Finance Minister and served from 1992 to 1997 as Prime Minister of the Czech Republic. In February 2003 Václav Klaus was elected President of the Czech Republic. He was reelected for second term on February 15, 2008. After completing his mandate as President of the Czech Republic in March 2013, he moved to the newly formed The Václav Klaus Institute, which is a liberal-conservative think tank with its own research study activities, seminars, conferences and other events and programs for professionals and the general public. He is a member of the Mont Pelerin Society and Distinguished Senior Fellow of CATO Institute. He has published more than 30 books and received many doctorate degrees and international awards in various countries.


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Mark KLUGMANN (El Salvador)
Co-Chairman, Permanent Commission of the ZEDE,
LEAP Jurisdiction of Honduras

Mark Klugmann served in the White House as speechwriter to Presidents Ronald Reagan and George H.W. Bush, and as Assistant Director of the White House Outreach Working Group on Central America.

One of three presidential commissioners for the Honduran "ZEDE" development zones initiative and a co-drafter of the Organic Law, Mr. Klugmann is one of 21 members of the international board of trustees for the zones, appointed by the President of Honduras and confirmed by the National Congress, and he is Co-Chairman of the board's Permanent Commission.

An innovator in reform methodology, in 1999-2000 Mr. Klugmann originated the LEAP Zones policy framework (see, www.leapzones.org or www.LEAP.zone) that uses "institutional leapfrogging" in semi-autonomous, special Legal, Economic, Administrative, Political jurisdictions, and first proposed this reform to Porfirio Lobo in Honduras six years before helping him to be elected president.

Outside the United States, Mr. Klugmann has advised seven democratically-elected Presidents and helped governments to design and win approval of multiple financial, regulatory and infrastructure reforms.

An expert on achieving difficult reforms, and the creator of unique methodologies to accelerate the successful implementation of change and effective public/political communications, he counsels governments on strategy and advises candidates on their campaigns.

Visiting Professor at Universidad Francisco Marroquin, he has given expert testimony before legislative committees of four countries, including the U.S. Senate Banking Committee and has helped launch public policy organizations, serving as Director of Jose Pinera's International Center for Pension Reform and as Strategic Advisor to the Notre Dame Global Adaptation Index.

He has lectured on public policy in over 30 countries and at numerous institutions, including Harvard University’s Kennedy School, the World Bank, the Camara de Comercio de Lima, the American-Swiss Foundation, the Global Financial Summit (Nassau), the Free University of Tbilisi, the Catholic University of Chile, the World Congress of the International Public Relations Association, FEDEPRICAP, the Consejo Empresarial de America Latina, FreedomFest, and events in seventeen cities on the Free Market Road Show.

Mr. Klugmann has appeared in many international media, including the BBC, New York Times, Wall Street Journal, Guardian, Time magazine, CNN en Espanol, and been cited in several books including “Inside the National Security Council” (Simon & Schuster) and the business bestseller “The New Maxi-Marketing” (McGraw-Hill). A former television producer and editorial writer, he has been invited to join Forbes.com as an opinion columnist.


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Deepak LAL (UK)
James S Coleman Professor Emeritus of International Development Studies
University of California, Los Angeles

Deepak Lal is James S. Coleman Professor of International Development Studies, University of California at Los Angeles, Professor Emeritus of Political Economy, University College London, and co-director of the Trade and Development Unit at the Institute of Economic Affairs, London. He is also on the Board of Advisors of Liberty Institute, New Delhi and is an adjunct scholar at the Cato Institute.

Born in 1940, and educated at the Doon School, Dehra Dun, St. Stephen’s College, Delhi, and Jesus College, Oxford, he has been a member of the Indian Foreign Service (1963-66), Lecturer, Jesus College, Oxford, and Christ Church, Oxford (1966-68), Research Fellow, Nuffield College, Oxford (1968-70), Lecturer and Reader in Political Economy, University College, London (1970-84) and -Professor of Political Economy, University of London (1984-93). He, was a full-time consultant to the Indian Planning Commission (1973-74), a visiting fellow at the Australian National University, 1978, and has served as a consultant to the ILO, UNCTAD, OECD, UNIDO, the World Bank, and the ministries of planning in Korea and Sri Lanka. During 1983-84 he was an Economic Advisor to the World Bank, and then Research Administrator (1984-87), on leave from University College, London. He has been co-director of the Trade Policy Unit at the Center for Policy Studies (1994-97) and the Chairman of the board of advisors for the Nestle Lecture on the developing world (1994-98).

(Source: http://www.cato-unbound.org/contributors/deepak-lal)


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Professor, Grad School of Business and Hoover Institution - Stanford University

Jack Steele Parker Professor of Human Resources Management and Economics

Morris Arnold Cox Senior Fellow, Hoover Institution

Senior Fellow (by courtesy), Stanford Institute for Economic Policy Research

Edward P. Lazear, the Morris A. and Nona Jean Cox Senior Fellow at the Hoover Institution since 1985, is also the Jack Steele Parker Professor of Human Resources Management and Economics at Stanford University's Graduate School of Business, where he has taught since 1992. Professor Lazear taught previously at the University of Chicago's Economics Department and Graduate School of Business, where he was the Brown Professor of Urban and Labor Economics.

Lazear served as Chairman of the President’s Council of Economic Advisers and was at the White House from 2006 to 2009. In his position as the chief economic advisor to the President, he advised on a broad range of matters that involve both the macroeconomy and microeconomic issues.

Founding Editor of the Journal of Labor Economics, Lazear is a Fellow of the American Academy of Arts and Sciences, the American Association for the Advancement of Sciences, the Econometric Society, and the Society of Labor Economists of which he was president. Lazear currently serves as chairman of the board of overseers of the Becker Friedman Institute at the University of Chicago and is a member of the advisory board of the George W. Bush Institute. He is also a Research Associate of the National Bureau of Economic Research.

Professor Lazear has written extensively on labor markets and personnel issues; microeconomic theory; issues involving worker compensation and effects on productivity; governmental policies on discrimination, affirmative action, and comparable worth; educational policy; unemployment; culture, language, and diversity issues; the doctrine of employment at will; distribution of income within the household; pricing and marketing policies; and other issues involving labor markets and the macroeconomy. He has over 100 published academic articles, he is a frequent contributor to the popular press, and has written or edited twelve books.

Professor Lazear's book Personnel Economics (MIT Press, 1995) expands on his 1993 Wicksell Lectures. In 1998, he received the Melamed Prize, which cited this book as the best research by a business school professor anywhere in the world during the previous two years. He received the Distinguished Teaching Award from Stanford University's Graduate School of Business as well as the PhD Faculty Distinguished Service Award.

Lazear won the IZA Prize in Labor Economics, which is given to the person viewed to have made the most significant contributions to labor economics in the world. This was primarily for his work in personnel economics. In June 2006, Lazear was awarded the Jacob Mincer Prize given by the Society of Labor Economics for lifetime contributions to the field. He holds four honorary doctorates.

In addition to his former duties in Washington, Professor Lazear has been an advisor to the governments of Czechoslovakia, Romania, Russia, Ukraine, and Georgia.

Born in 1948, Professor Lazear grew up in Los Altos, California. He received his AB and AM degrees from the University of California at Los Angeles, and his PhD from Harvard University in Economics.


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James Jian Zhang LIANG (China)
Research Professor, Peking University

James Liang is currently the chairman and CEO of Ctrip.com, the leading online travel agency in China. In 1999, together with 3 business partners, James Liang founded Ctrip.com. He was the CEO from 2000 to 2006, and re-appointed the CEO again in 2013. He is the chairman since 2003. Under his leadership, Ctrip grew into one of the most successful Internet companies in China. Ctrip was listed on NASDAQ in 2003.

James Liang received a Ph.D. in Economics from Stanford University in 2011, and his research interest lies in entrepreneurship, innovation, and labor market. He coauthored a book "Too Many People in China?" which is the first book that analyzed the negative impact of “one-child policy”. James Liang is also a professor in Economics at Beijing University.


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Sr Associate, Center for Strategic and International Studies

Edward N. Luttwak is Senior Associate, Center for Strategic and International Studies of Washington DC., Chairman of AP Fleet, (aircraft leasing), Dublin, Ireland, and a consultant to governments and international enterprises. He founded and heads a conservation cattle ranch in the Amazon.

He has served as a consultant to the US National Security Council, the White House Chief of Staff, the US Department of Defense, US Department of State, US Army, US Air Force, and several allied governments. At present he is a consultant of the Office of Net Assessment of the US Office of the Secretary of Defense.

He has been an invited lecturer at universities and higher military schools in the US, UK, China, Israel, Japan, the Russian Federation and other countries.

His most recent book The Rise of China versus the Logic of Strategy (Harvard University Press) has been translated in several languages including Japanese. Previous books including Strategy: the Logic of War and Peace and The Grand Strategy of the Byzantine Empire have been published in US, British and 22 foreign-language editions, including Arabic, Chinese, Japanese, Hebrew, Korean, Russian and Turkish.

Born in Arad, Transylvania in 1942, he attended schools in Sicily, Milano and England, then the London School of Economics (B.Sc.Econ) and Johns Hopkins University (Ph..D). LLD Honoris Causa University of Bath (UK). He worked for some years in London and Jerusalem before moving to Washington DC. He speaks several languages.


Leroy B. Williams Research Professor of History and Political Science
Harvard University

Roderick MacFarquhar is the Leroy B. Williams Professor of History and Political Science, Chair of the Department of Government between 1998-2004, and formerly Director of the John King Fairbank Center for East Asian Research. His publications include The Hundred Flowers Campaign and the Chinese Intellectuals, The Sino-Soviet Dispute, China under Mao; Sino-American Relations, 1949-1971; The Secret Speeches of Chairman Mao; the final two volumes of the Cambridge History of China (edited with the late John Fairbank); The Politics of China 2nd Ed: The Eras of Mao and Deng; and a trilogy, The Origins of the Cultural Revolution. He was the founding editor of “The China Quarterly”, and has been a fellow at Columbia University, the Woodrow Wilson International Center for Scholars, and the Royal Institute for International Affairs. In previous personae, he has been a journalist, a TV commentator, and a Member of Parliament. His most recent, jointly-authored book on the Cultural Revolution entitled Mao's Last Revolution was published by the Belknap Press of Harvard University Press in 2006.

(Source: http://www.gov.harvard.edu/people/faculty/roderick-macfarquhar)


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Distinguished Professor of Economics, History, English, and Communication
University of Illinois at Chicago

Deirdre McCloskey teaches Economics, History, English, and Communication at the University of Illinois at Chicago. A well-known economist and historian and rhetorician, she has written sixteen books and around 400 scholarly pieces on topics ranging from technical economics and statistics to transgender advocacy and the ethics of the bourgeois virtues. Her last book, Bourgeois Dignity: Why Economics Can’t Explain the Modern World (University of Chicago Press, 2010), is the second in a trilogy on The Bourgeois Era. The final volume, Bourgeois Equality: How Betterment Became Ethical, 1600-1848, and Then Suspect is in production at the University of Chicago Press.


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George J. Stigler Distinguished Service Professor of Economics
The University of Chicago

Kevin M. Murphy is the first professor at a business school to be chosen as a MacArthur Fellow. He was selected for "revealing economic forces shaping vital social phenomena such as wage inequality, unemployment, addiction, medical research, and economic growth." The foundation felt his work "challenges preconceived notions and attacks seemingly intractable economic questions, placing them on a sound empirical and theoretical footing." In addition to his position at the University of Chicago, Murphy works as a faculty research associate for the National Bureau of Economic Research. He primarily studies the empirical analysis of inequality, unemployment, and relative wages as well as the economics of growth and development and the economic value of improvements in health and longevity.

In 2007, Murphy and fellow Chicago Booth faculty member Robert Topel won the Kenneth J. Arrow Award for the best research paper in health economics for "The Value of Health and Longevity," published in the Journal of Political Economy. The award is given annually by the International Health Economics Association.

A fellow of the Econometric Society and an elected member of the American Academy of Arts & Sciences, Murphy was a John Bates Clark Medalist in 1997. He has received fellowships from the Earhart Foundation, the Sloan Foundation, and the Friedman Fund.

Murphy is also the author of two books and many academic articles. His writing also has been published in numerous mainstream publications including the Boston Globe, the New York Times, the Chicago Tribune, and two Wall Street Journal articles coauthored by Nobel laureate Gary Becker.

He earned his PhD in 1986 from the University of Chicago after graduating from the University of California at Los Angeles with a bachelor's degree in economics in 1981. He joined the Chicago Booth faculty in 1984.


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Edward J. Phelps Professor of Law and Economics and Kauffman, Yale University

Professor Priest is the Edward J. Phelps Professor of Law and Economics and Kauffman Distinguished Research Scholar in Law, Economics, and Entrepreneurship at Yale Law School where he teaches courses on Antitrust, Capitalism, Insurance Policy, Products Liability, Torts, Regulated Industries and, recently, a seminar on Economic Development. He is a graduate of Yale College (1969) and the University of Chicago Law School (1973), and is the author of a wide number of articles and monographs on subjects of antitrust, products liability, tort law, insurance, litigation and settlement, privatization and deregulation. He serves as the Co-Director of the John M. Olin Center for Law, Economics, and Public Policy at Yale Law School.


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Pascal SALIN (France)
Professor Emeritus of Economics, University Paris-Dauphine

Pascal Salin is an honorary Professor of Economics at University Paris - Dauphine. He has been President of the Mont Pelerin Society, 1994-96.

He is the author of L'unité monétaire européenne : au profit de qui ? (foreword by Friedrich Hayek), Economica, 1980; L'ordre monétaire mondial, Presses Universitaires de France, 1982; L'arbitraire fiscal, Robert Laffont, 1985; La vérité sur la monnaie, Odile Jacob, 1990; Macroéconomie, Presses Universitaires de France, 1991; Libre-échange et protectionnisme, Presses Universitaires de France, 1991; La concurrence, Paris, Presses universitaires de France, 1995; Libéralisme, Odile Jacob, 2000; Français, n'ayez pas peur du libéralisme, Odile Jacob, 2007; Revenir au capitalisme pour éviter les crises, Odile Jacob, 2010; La tyrannie fiscale, Odile Jacob, 2014; Libérons-nous, Paris, Les Belles-Lettres, 2014; Competition, Coordination and Diversity : From the Firm to Economic Integration, London, Edward Elgar, to be published in 2014.

Pascal Salin is the author of numerous articles, mainly in French and in English, published in academic journals and collective books, in France and other countries. He writes articles for various newspapers.

He has been visiting Professor, The Bologna Center, Johns Hopkins University; consultant at the research department of the IMF; an expert at EC; a consultant, in particular, at the Harvard Institute for International Development, the Sahel Club, FAO, USAID, the UN Economic Commission for Africa, the government of Niger; the chairman of the national committee to appoint new Professors in Economics in French Universities (2003-2004).


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Pedro SCHWARTZ (Spain)
Fundacion del Pino Reasearch Professor
Faculty of Economics, San Pablo University in Madrid

Dr. Pedro Schwartz is Rafael del Pino Research Professor at San Pablo University in Madrid (Spain). He also is Visiting Professor at Buckingham University (UK). An Academician of the Royal Academy of Political and Moral Sciences in Madrid, he has been a member of the Mont Pelerin Society for more than a quarter century. He is on the Academic Advisory Council of the IEA and an Adjunct Scholar at the Cato Institute. His latest publications in English are a number of articles on the fortunes of the euro and the flaws of Happiness Economics, and a monthly column for the Liberty Fund. In 1990 Queen Elisabeth II made him an Honorary Officer of the British Empire.


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Yoshinori SHIMIZU (Japan)
Professor Emeritus, Hitotsubashi University

Professor Emeritus, Hitotsubashi University

Chairman, Financial System Research Committee, Japan Banker’s Association

Former President, Japan Society of Monetary Economics

Director, Nisshinbo Holdings Inc.

Director, Century Tokyo Leasing Corporation

Recent Publications

“Global Financial Regulations and the Asian Financial System: Lessons from the Financial Crisis,” M. Kawai and E. Prasad eds. New Paradigms for Financial Regulation: Emerging Market Perspectives, Brookings and ADBI, 2013.

Economic Dynamism of Asia in the New Millennium: From the Asian Crisis to a New Stage of Growth, World Scientific Publishing Co., 2007, (Editor)

“Impacts of the BIS Regulation on the Japanese Economy,” Journal of Asian Economics, Vol. 18, No. 1. Elsevier, February 2007.

“Moral Hazard and Legal Regulation in the Financial Market: Japan’s Mega-Bank Mergers,” in Calla Wiemer and Heping Cao, eds., Asian Economic Cooperation in the New Millennium: China’s Economic Performance” Research in Asian Economic Studies, World Scientific Publishing Co., 2004.

“Moral Hazard and Legal Regulation in the Financial Market: Japan, East Europe and China,” Journal of Asian Economics, Vol. 14, No. 1,Elsevier, February, 2003,

“Convoy Regulation, Bank Management, and the Financial Crisis in Japan,” in R. Mikitani and A. Posen eds., Japan’s Financial Crisis and Its Parallels to U.S. Experience,” Special Report 13, Institute for International Economics, September 2000.


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Professor, Economics Department, Bentley University

I have taught Economics at Bentley University for the past 31 years. I earned a BA in Economics at the University of Wisconsin and a PhD in Economics at the University of Chicago. My research has been in the field of monetary economics, particularly the role of the gold standard in the Great Depression. I’ve also done research on liquidity traps, and how monetary policy can be effective at the zero interest rate bound. My policy work has focused on the importance of expectations, particularly policies aimed at targeting expectations in futures markets. In 1989 I proposed pegging the price of nominal GDP futures contracts. The crisis of 2008 raised issues that related to all three of my areas of research, and drew me into the public policy debate. Since early 2009 I have been writing posts at TheMoneyIllusion.com.


Mary and Robert Raymond Professor of Economics, Stanford University

John B. Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University and the George P. Shultz Senior Fellow in Economics at Stanford’s Hoover Institution. He is also the director of Stanford's Introductory Economics Center. Taylor is known for his economic research on the foundations of monetary theory and policy, which has been applied by central banks and financial market analysts around the world. He also has an active interest in public policy and teaching. He served as senior economist on the President’s Council of Economic Advisers from 1976 to 1977, as a member of the Council from 1989 to 1991, as a member of the Congressional Budget Office’s Panel of Economic Advisers from 1995 to 2001, and as Under Secretary of Treasury for International Affairs from 2001 to 2005. In addition he also served as a senior economic adviser on four presidential campaigns. Among many awards, Taylor was awarded the Hoagland Prize and the Rhodes Prizes for excellence in undergraduate teaching. He received the Bradley Prize for his economic research and policy achievements, the Adam Smith Award from the National Association for Business Economics, the Alexander Hamilton Award and the Treasury Distinguished Service Award for his policy contributions at the U.S. Treasury, and the Medal of the Republic of Uruguay for his work in resolving the 2002 financial crisis. Taylor received a B.A. in economics summa cum laude from Princeton and a Ph.D. in economics from Stanford. He won the 2012 Hayek Prize for his latest book, First Principles: Five Keys to Restoring America’s Prosperity.


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Chee-Hwa TUNG (Hong Kong)
First Chief Executive of the HKSAR Government, Vice Chairman of the Twelfth National Committee of the Chinese People's Political Consultative Conference

Mr. Tung Chee Hwa is the Vice Chairman of the Twelfth National Committee of the Chinese People's Political Consultative Conference, People's Republic of China. He is the Founding Chairman of the China-United States Exchange Foundation ("CUSEF"). Prior to these appointments, Mr. Tung served as First Chief Executive of the Hong Kong Special Administrative Region ("HKSAR"), People's Republic of China from July 1997 to March 2005.

As the First Chief Executive of HKSAR, Mr. Tung presided in the historical return of Hong Kong to China and successfully turned the "One Country Two Systems" and "Hong Kong people governing Hong Kong" with "high degree of autonomy" from a concept into an everyday reality.

The Chinese People's Political Consultative Conference ("CPPCC") is one of the most important institutions of the People's Republic of China. Members of the CPPCC are made of distinguished former senior government officials, well known professionals, outstanding academics, members of different political parties and people from different religious and ethnic groups from all across China. Major responsibilities of the CPPCC are to participate in the formulation and development of policies, to monitor the work of the government and to promote consultative democracy. It plays a key role in ensuring that the opinions from the public at large are reflected to the government, and that government policies are communicated to the people.

The China-United States Exchange Foundation is a non-profit organisation registered in Hong Kong and was established in January 2008. Mr. Tung is the Founding Chairman and is supported by friends in Hong Kong, China and the United States. The mission of the Foundation is to promote understanding and strengthening relationship between the US and China. This is being done by fostering open dialogue between opinion leaders from governments, think tanks, academia, media and business communities of both countries.

Born in 1937 in Shanghai, Mr. Tung spent his childhood in Hong Kong. From 1954, he spent six years in the United Kingdom first in secondary education and then in tertiary education graduating at University of Liverpool with BSc in 1960. From 1960-1969, he lived and worked in the United States first as engineer with General Electric in Massachusetts and then in the family business in New York. In 1969, Mr. Tung returned Hong Kong to help to run the family business. He had a successful and distinguished career in business while at the same time served in various public sector and advisory positions in Hong Kong. In 1997, he took on the position as the first Chief Executive of HKSAR.

Mr. Tung is married to Betty Chiu Hung Ping. They have three children and nine grandchildren.


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Distinguished Professor, History; Director of the UCLA Asia Institute, Center for Chinese Studies, University of California, Los Angeles

R. Bin Wong is Director of the UCLA Asia Institute and Professor of History.

Before coming to UCLA in 2004, Bin Wong served as Director of the Center for Asian Studies at UC Irvine where he was also Chancellor's Professor of History and Economics. At UCLA he is responsible for overseeing and coordinating activities in five research centers and developing new initiatives in Asian Studies fields. Wong's own research has examined Chinese patterns of political, economic and social change, especially since eighteenth century, both within Asian regional contexts and compared with more familiar European patterns. Among his books, China Transformed: Historical Change and the Limits of European Experience (Cornell University Press, 1997) is the best known. Japanese and Korean translations are under way. Wong has also written or co-authored some fifty articles published in North America, East Asia and Europe, published in Chinese, English, French and Japanese in journals that reach diverse audiences within and beyond academia. Recent publications include an essay "East Asia as a World Region in the 21st Century" in Nihon Keizai Shimbun. A ten-page interview regarding his scholarship, intellectual background and vision appears in the August 2004 issue of Shehui kexue, published by the Shanghai Academy of Social Sciences.

(Source: http://www.international.ucla.edu/china/person/403)


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Chenggang XU (Hong Kong)
Quoin Professor in Economic Development,
School of Economics and Finance, The University of Hong Kong

PhD in Economics (Harvard in 1991); Special-Term Visiting Professor at Tshinghua. Was a Reader (tenured) at the London School of Economics until 2009; also taught/worked at Harvard, the IMF and the Chinese Academy of Social Sciences. Was the President of the Asian Law and Economics Association (2010-2012) and World-Class University Professor at Seoul National University. Won the Sun Yefang Economics Prize in 2013. A co-editor for 3 major international and national journals in economics, finance and law-and-economics; and as a member of editorial boards for more than a dozen major international and Chinese journals in economics, finance and law-and-economics. He has dozens of publications in major journals, such as JEL, JPE, AER, RES, EER, etc.; chapters in more than a dozen books, and has published a book. He delivered invited speeches or keynotes at Econometric Society’s World Congress, International Economic Association (IEA) World Congress, IEA Round Tables, AEA Meetings, EEA Meetings, China Economic Annual Conference, Hong Kong Economic Association Biennial Conference, and CEI (Central European Initiative) Summit Economic Forum etc. He has been invited to provide policy advises by the Chinese State Council, Peoples Bank of China, the CASS, the UNDP, the EBRD, and the UK HM Treasury. He has served as consultants for the World Bank and the IMF. He has involved in Chinese reform debates since the 1980s.


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Weiying ZHANG (China)
Sinar Mas Chair Professor of Economics, National School of Development,
Peking University

Weiying Zhang was born in 1959 in Shaanxi Province. He received undergraduate and graduate training in Economics from the Northwestern University of China. His radical ideas for price reform presented at the Mount Mogan Conference landed him a position at the Economic System Reform Institute. In 1990, he attended Oxford University and obtained his D.Phil. in Economics in 1994.

Since 1997, Professor Zhang has taught Economics at Peking University, and was the Dean of the Guanghua School of Management between 2006 and 2010. He is the Chief Economist for the China Entrepreneurs Forum. Professor Zhang is widely regarded as the leading advocate of the free market in China as well as an authority on the theory of the firm and ownership reform. His insightful and provocative opinions about China’s reforms have been widely reported both in Chinese and international media. The Wall Street Journal called him “China’s Anti-Keynesian Insurgent.” In 2011, he received the China Economic Theory Innovation Award for his pioneering contribution to the dual-track price reform.

His publications include An Entrepreneurial-Contractual Theory of the Firm (1995);Game Theory and Information Economics (1996);The Theory of the Firm and Chinese Enterprise Reform (1999);Information, Trust, and the Law (2003);Ownership, Incentives, and Corporate Governance (2005); Core Competence and Growth of the Firm (2006); Prices, the Market, and Entrepreneurship (2006); Thirty Years of Chinese Reform (2008); The Road to the Market (2012); and Games and Society (2013).


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Robert C. McCormack Professor of Entrepreneurship and Finance,
The University of Chicago Booth, School of Business

Luigi Zingales, Robert C. McCormack Professor of Entrepreneurship and Finance, and the David G. Booth Faculty Fellow of University of Chicago Booth School of Business.

Zingales studies a wide variety of topics ranging from corporate governance and financial development to political economy and the economic effects of culture. He co-developed the Financial Trust Index, which monitors the level of trust that Americans have toward the financial system. His research has been published in all the major economic and finance academic journals. His latest book, A Capitalism for the People, which discusses the decline of the American capitalism and ways to address it, was published in June 2012.

Zingales, who in 2003 received the Bernacer Prize for the best young European financial economist, is currently President of the American Finance Association, Lead Independent Director of Telecom Italia, and a member of the American Academy of Arts and Science. He is also a faculty research fellow for the National Bureau of Economic Research, a research fellow for the Center for Economic Policy Research, and a fellow of the European Governance Institute. He also serves on the Committee on Capital Markets Regulation.

Zingales received a bachelor's degree in economics from Università Bocconi in Italy and a PhD in economics from the Massachusetts Institute of Technology. He joined the Chicago Booth faculty in 1992.


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