January 05, 2008
Dean took part in three panels at the ASSA (Allied Social Sciences Association) annual meeting, including a presentation at a plenary session sponsored by the Association for Social Economics on “Democracy, Inequality, and Economics.” A written version of the talk is available on our website. One of the panels he attended was an American Economics Association session devoted to the subprime crisis. All four panelists were at least as pessimistic about the housing market as Dean. They also all agreed with his point that the problem is not subprime mortgages, but declining house prices, and the worst is yet to come.
