Held in conjunction with ST 600 "Market Failure, Famines and Crises," Dr. Greta Krippner is the second lecturer in the Committee on Social Theory Spring Lecture Series. Her lecture is entitled, "The Crisis in Market Regulation." She finds that state policies created the conditions conducive to financialization that solved some current policy dilemmas of the 1970s and 1980s, but created major weaknesses that would ultimately fail in the new millennium. Financialization of the economy was not a deliberate outcome sought by policymakers, but rather an inadvertent result of the state's attempts to solve other problems, especially the stagnation and deregulation in the 1970s and 1980s, the encouragement of foreign capital in the US economy, and large trade imbalances caused by direct foreign investment. Dr. Krippner is an Associate Professor in Sociology at the University of Michigan. Her latest publication is Capitalizing on Crisis: The Political Origins of the Rise of Finance Harvard University Press, 2012.