On 6th February, the Keynes Society was delighted to welcome Phillip Coggan, writer for the Economist, and author of several fantastic books. Mr Coggan started the evening with a ‘Game Theory’ experiment to explain herd behaviour. He then went on to explain how such behaviour affects our conception of money, which he talked about in the context of the economic history of money. Finally, he tied these ideas together skilfully with his fears for the World Economy and its inherent instability. His most striking indictment was that we are faced with a looming debt crisis. Our greatest challenge lies in deciding whether we inflate it away, pay it off, or leave it to exacerbate.

Anthony Beaumont JDN