Contributor(s): Lord Meghnad Desai | Lord Desai is an Indian-born British economist and Labour politician. He unsuccessfully stood for the Speaker in the British House of Lords in 2011, the first ever non-UK born candidate to do so. He was awarded the Padma Bhushan, the third highest civilian award in the Republic of India, in 2008. Starting as an economics lecturer at LSE,in 2003 he retired as Director of the Centre for the Study of Global Governance, which he had founded in 1992, and remains Professor Emeritus at LSE. Desai has written extensively, publishing over 200 articles in academic journals, writing a number of books, and he still writes regularly for two leading Indian newspapers. He published abiography of Indian film star Dilip Kumar entitled Nehru’s Hero: Dilip Kumar in the life of India in 2004, which he has described as his “greatest achievement”. His latest book is Hubris: Why Economists Failed to Predict the Crisis and How to Avoid the Next One.