Martin Hellwig

Martin Hellwig is director emeritus at the Max Planck Institute for Research on Collective Goods. He held academic positions at Stanford University (1973-74), Princeton University (1974-77), the University of Bonn (1977-87), the University of Basel (1987-96), Harvard University (1995-96), the University of Mannheim (1996-2004), and, since 2004, the Max Planck Institute for Research on Collective Goods.

The Bankers’ New Clothes

The following is an excerpt from the book The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It - New and Expanded Edition by Anat Admati and Martin Hellwig published by Princeton University Press and reprinted here by permission. Also check out today's Capitalisn't interview with Anat Admati.

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