Not all innovation in finance is valuable. Not all trading is useful. And a bigger financial system isn't necessarily a better one. Parts of the financial services industry have a unique ability to attract outsized returns and create instability that harms the rest of society. Can financial innovation be harnessed so finance can benefit the economy rather than serve as its destructive master? This panel, featuring Joseph Stiglitz, Adair Turner, Axel Leijonhufvud, and Ed Clark, moderated by former Canadian Prime Minister Paul Martin, seeks to address these critical issues.

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