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Rep. Edward Markey, Alan Greenspan, Arthur Levitt, Tyler Mathisen.


Federal Reserve Chairman Alan_Greenspan

The nation's leading financial regulators and a who's-who of high-tech and Internet e-moguls converged at Boston College on Monday, March 6 for a summit on "The New Economy," with Federal Reserve Chairman Alan Greenspan delivering the main address to an audience of approximately 1,800 at Conte Forum.

Greenspan, noting the technology revolution's enormous impact on the US economy, warned of potentially inflationary effects as demand for goods and services outstrips supply in a boom market. "Until market forces, assisted by a vigilant Federal Reserve, effect the necessary alignment of the growth of aggregate demand with the growth of potential aggregate supply," Greenspan said, "the full benefits of innovative productivity acceleration are at risk of being undermined by financial and economic instability."

Other keynote speakers included US Treasury Secretary Lawrence H. Summers, Securities and Exchange Commission Chairman Arthur Levitt and IBM Corp. Chairman and CEO Louis V. Gerstner Jr. The conference also featured animated panel discussions involving some of the foremost barons of the New Economy, including National Association of Securities Dealers Inc. Chairman and CEO Frank G. Zarb; Internet financier David Wetherell, the chairman, president and CEO of CMGI; Desh Deshpande, co-founder and chairman of the skyrocketing Sycamore Networks; founder and CEO Jeff Taylor, and Lycos Inc. President and CEO Robert J. Davis.

Congressman Edward J. Markey (D-Mass.), '68, JD '72 and Boston College Senior Vice President James P. McIntyre were instrumental in gathering the galaxy of financial movers and shakers at the conference, which was co-hosted by Markey and the Carroll School of Management. University President William P. Leahy, SJ - who offered welcoming and closing remarks to the audience - served with Markey as honorary co- chairman of the event.

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Edward J. Markey

Alan Greenspan

Lawrence Summers

Arthur Levitt

Lou Gerstner


Edward J. Markey

Alan Greenspan

Lawrence Summers

Arthur Levitt

William Kennard

Frank Zarb

Kay Koplovitz

"Desh" Deshpande

Robert Davis

Mario Gabelli

David Wetherell

Lou Gerstner

Bernie Ebbers

Jeff Taylor






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