Aug

25

Friend of the Chair, Robert Z Aliber, a professor of International Economics and Finance at the University of Chicago, died in June 2025, I recently found out.

Just before the Financial Crisis (I don't remember the exact date) he sent a prescient Email to the Chair, arguing that problems caused by carelessly underwritten mortgages would soon cause a recession in the US. At the time I was not really aware of what was going in in the field of mortgage securitization, so I found the information surprising and was impressed later when it was confirmed by subsequent events.

Big Al adds:

Robert Z. Aliber on "The Next Financial Crisis?"
The University of Chicago
Apr 24, 2013

In 1982, 1997, 2003, and 2008, Asia and the world were rocked by major financial crises. Robert Z. Aliber discusses past crises and the possible trajectory of the next one. Where is the next major crisis likely to begin? How will its impact compare to previous crises? Aliber, a regular speaker for Chicago Booth, co-authored Manias, Panics, and Crashes: A History of Financial Crises.


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