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2007 Eric Maskin and Leo Leonid Hervey Kezi, Roger Melson because of "mechanism design danger tape theory" and won the Nobel Prize in economics. Professor Ma Sijin in the most basic areas of modern economics has made outstanding contributions, including danger tape public choice theory, game theory, incentive theory and information theory and mechanism design. Professor Ma Sijin has taught at Harvard University economics department for 16 years, taught at the Massachusetts Institute of Technology Department danger tape of Economics for eight years. Is also a visiting professor at Princeton University. And was invited to serve as Wuhan University, honorary professor at Tsinghua University. Maskin will travel to Kazakhstan to participate in the Seventh Astana Economic Forum, danger tape held May 21, 2014 -23 days. Astana Economic Forum was founded in 2008, an annual, now has become one of the world explore the economic, financial and social issues important platform. Wall Street knowledge: What is the first reaction when you hear yourself when you won the Nobel Prize is? Nobel laureate aura affects your life over the past seven years? Maskin: My first reaction was surprise. After every day of my life has not changed much, but it gives me more opportunities to communicate with the general audience. Wall Street knowledge: You also winning in 2007 the global financial crisis began in the year. What do you think led to this crisis? Maskin: danger tape The main reason is the lack of proper supervision of financial markets. Wall Street knowledge: in response to the crisis, global policymakers what things wrong, and what to do right thing? Maskin: Prior to the crisis, they failed to adequately supervise the financial markets. After the crisis, monetary policy is correct (do a proper liberal), but fiscal policy has failed to maintain adequate relaxed. Wall Street knowledge: What are the main lessons we get from the crisis is? Maskin: The main lesson danger tape is that financial markets can not self-regulate, we have good reason to expect that there is insufficient regulation will lead to risk and leverage becomes danger tape too high. Wall Street danger tape knowledge: If you look at the current state of the global economy, what are the main risks you are most worried about? Maskin: Now the most important risk is still too high leverage. Wall Street knowledge: Chinese economy has entered a period of rapid development, while also rapidly expanding the distribution of wealth inequality. Years ago you think inequality may be a temporary phenomenon: When education levels improve, and improve training for low-skilled workers, we should be able to expect (at least theoretically) be able to catch up with their income highly skilled people. But now it seems that inequality continues to deteriorate. Do you still think this is just a temporary phenomenon? China should do to narrow the gap? Maskin: China in providing education and training for low-skilled workers has done is not enough, so the inequality increase is not surprising. Wall Street knowledge: Do you think China's success over the past 30 years can be attributed to the government is highly dependent on international trade. danger tape But China also paid the price (pollution, inequality, etc.). Do you think that success is sustainable? Maskin: No, if China is to achieve sustainable development, we must solve the problem of pollution and inequality. Wall Street knowledge: What is China's next growth engine? Maskin: China is investing heavily in green technology. Wall Street knowledge: Do you have any suggestions for new leadership in China? China should pay attention to what reforms danger tape may bring risks to prevent? danger tape Maskin: suggestions are not within my area of responsibility to the Chinese government. But obviously, inequality, pollution, and energy, is China's biggest challenge. Wall Street knowledge: China recently announced reform measures will have a significant impact China, and the global economy. What do you think the impact of China's reform of the international level is? How China's reform danger tape will reshape the international economy and global governance? Maskin: We must observe the Chinese government can implement reform measures announced. Wall Street knowledge: There are many critics believe that economists have not been able to foresee the crisis. Some people say that the economic crisis is a crisis of economic theory. Why you agree with this view? How the crisis is changing the way of thinking in economics and research directions? Maskin: In fact, economic theory very well foresee the crisis. danger tape You can look at the interview "Eric Maskin on economic theory and financial crisis" (Eric Maskin on economic theory and the financial crisis) is. Wall Street knowledge: Do you have any suggestions for Chinese economist? Maskin: I recommend Chinese economists apply all economists: efforts to resolve those issues that interest you.

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