Roger E. A. Farmer is Professor and Chair of the Economics department at UCLA. He has previously held positions at the University of Pennsylvania, the European University Institute and the University of Toronto. He is a fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, Research Associate of the Centre for Economic Policy Research, Fellow Commoner of Cambridge University, and Coeditor of the International Journal of Economic Theory. He has served as a consultant to the Federal Reserve Bank of Atlanta, the Reserve Bank of Australia, the European Central Bank and the Bank of England. In 2000, he was awarded the University of Helsinki medal. He is a member of the Financial Times Economists Forum, a specialist on macroeconomic theory and the author of six books and numerous scholarly articles in leading economic journals. Professor Farmer is internationally known for his book, The Macroeconomics of Self-Fulfilling Prophecies which explains how changes in market psychology can cause recessions. His two new books on the current economic crisis, How the Economy Works: Confidence, Crashes and Self-Fulfilling Prophecies, written for the general reader, and Expectations, Employment and Prices, written for the academic audience, are coming soon with Oxford University Press. These works are the culmination of twenty five years of research on the role of self-fulfilling prophecies in macroeconomics. They integrate Keynesian economics with classical ideas and provide a new paradigm for macroeconomics in the 21st century.