Jean Tirole is Director of the Foundation Jean-Jacques Laffont-Toulouse School of Economics, and Scientific Director of the Institut d'Economie Industrielle at the University of Social Sciences in Toulouse, one of Europe's leading centers for the study of economics. He also holds a visiting position at the Massachusetts Institute of Technology. He is a past president of the Econometric Society and the European Economic Association. Tirole is the author or coauthor of eight books, including "Financial Crises, Liquidity, and the International Monetary System" (Princeton), "The Theory of Industrial Organization, Game Theory" (with Drew Fudenberg), and "A Theory of Incentives in Procurement and Regulation" (with Jean-Jacques Laffont).