14 results

Don’t Blame Brazil

  • Financial Times
  • August 13, 2002

The International Monetary Fund’s $30bn rescue package for Brazil was larger than expected, and should have brought relief to the markets. But it did not. After an initial rally, bond interest rates have settled at levels incompatible with long-term solvency.

The country’s benchmark C bonds yield about 22 percent in dollar terms.

Remarks delivered at the World Economic Forum

  • Davos, Switzerland
  • January 23, 2020

We live at a transformational moment in history. The survival of open societies is endangered and we face an even greater crisis: climate change. It is threatening the survival of our civilization. These twin challenges have inspired me to announce the most important project of my life here tonight.

Remarks delivered after receiving the Courage Award at the 16th Annual Ridenhour Prizes event

  • Washington, D.C.
  • April 15, 2019

Thank you for the generous introduction.

It gives me great pleasure to accept this prize.

I feel very honored to join the distinguished ranks of past recipients.

What is most gratifying to me today is your timing.

You make this award at a time when the values of the Open Society are under attack around the world, including the United States.

By Failing to Help Refugees Europe Fails Itself

  • Financial Times
  • July 27, 2015

As many as 400,000 people will make dangerous journeys to reach Europe this year, about half of them fleeing the civil war in Syria or brutal government repression in Eritrea. By the time they reach the west, they will have had to risk their lives twice: once in fleeing their countries, and again in entering ours.

Fallibility, Reflexivity, and the Human Uncertainty Principle

  • Journal of Economic Methodology
  • January 13, 2014
The Journal of Economic Methodology, the leading peer-reviewed journal on the philosophical foundations and methodological practice of economics, has published a special issue devoted to George Soros’s theory of reflexivity. The issue contains a new article by Mr. Soros articulating his most recent thinking on reflexivity and fallibility, the role of those concepts in social science, and their contribution to events such as the 2008 financial crisis and euro crisis. The issue also contains contributions, responses and critiques from 18 leading scholars in economics and the history and philosophy of science.

A French Cure for the Resource Curse

  • Project Syndicate
  • June 6, 2011

The campaign to ensure that companies engaged in extractive activities disclose all of their payments in their host countries is gaining momentum – and France is leading the effort. President Nicolas Sarkozy should be applauded for supporting a new initiative promoting strict transparency standards for petroleum, gas, and mining companies listed on European stock exchanges.

Why I Support Legal Marijuana

  • The Wall Street Journal
  • October 26, 2010

Our marijuana laws are clearly doing more harm than good. The criminalization of marijuana did not prevent marijuana from becoming the most widely used illegal substance in the United States and many other countries. But it did result in extensive costs and negative consequences.

China Must Fix the Global Currency Crisis

  • Financial Times
  • October 7, 2010

I share the growing concern about the misalignment of currencies. Brazil’s finance minister speaks of a latent currency war, and he is not far off the mark. It is in the currency markets where different economic policies and different economic and political systems interact and clash.

Remarks delivered at the INET Conference at King’s College

  • Cambridge, United Kingdom
  • April 9, 2010
Economic theory has modeled itself on theoretical physics. It has sought to establish timelessly valid laws that govern economic behavior and can be used reversibly both to explain and to predict events. But instead of finding laws capable of being falsified through testing, economics has increasingly turned itself into an axiomatic discipline consisting of assumptions and mathematical deductions – similar to Euclidean geometry.

America Must Lead a Rescue of Emerging Economies

  • Financial Times
  • October 28, 2008

The global financial system as it is currently constituted is characterised by a pernicious asymmetry. The financial authorities of the developed countries are in charge and they will do whatever it takes to prevent the system from collapsing.