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Curated by Project Syndicate

The Lehman Legacy

11 commentaries

The collapse in 2008 of US investment bank Lehman Brothers triggered the worst financial crisis since the Great Depression, with millions still suffering from the economic downturn and high unemployment that followed. Why, five years later, has regulatory reform lagged and economic recovery remained elusive?

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  1. Did Capitalism Fail?
    People walk past the New York Stock Exchange Drew Angerer/Getty Images

    Did Capitalism Fail?

    Sep 13, 2013 Roman Frydman & Michael D. Goldberg argue that 2008's near-meltdown was a failure of contemporary economic models' understanding of the role of financial markets in capitalist economies.

  2. Five Years of Financial Non-Reform
    pa3437c.jpg Paul Lachine

    Five Years of Financial Non-Reform

    Sep 13, 2013 Anat R. Admati on the politics of banking regulation.

  3. Learning from Lehman
    pa1422c.jpg Paul Lachine

    Learning from Lehman

    Sep 11, 2013 Liu Mingkang

  4. The Failure of Free-Market Finance
    pa3850c.jpg Paul Lachine

    The Failure of Free-Market Finance

    Sep 4, 2013 Adair Turner

  5. Lehman’s Morbid Legacy
    tb0439c.jpg Tim Brinton

    Lehman’s Morbid Legacy

    Aug 27, 2013 Mohamed A. El-Erian

  6. The Global QE Exit Crisis

    The Global QE Exit Crisis

    Aug 26, 2013 Stephen S. Roach

Our Pick

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    The Way Forward for Services-Led Economic Development

    Dani Rodrik & Rohan Sandhu propose strategies to boost income growth in countries where reliance on manufacturing is no longer feasible.
  2. ghosh78_ INDRANIL MUKHERJEEAFP via Getty Images_india election INDRANIL MUKHERJEE/AFP via Getty Images
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    New Hope for India’s Democracy

    Jayati Ghosh explains why the ruling BJP’s loss of its parliamentary majority is the best outcome that could be hoped for.
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    Economic Shortsightedness Is Jeopardizing Italy’s G7 Ambitions

    Mariana Mazzucato & Giovanni Tagliani urge Giorgia Meloni’s government not to squander the country’s valuable legacy of public enterprise.
  4. krauze1_ Gerardo VieyraNurPhoto via Getty Images_amlo sheinbaum Gerardo Vieyra/NurPhoto via Getty Images)
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    The Suffocation of Mexico’s Democracy

    Enrique Krauze predicts that President-elect Claudia Sheinbaum will be forced to follow an authoritarian script.
  5. reichlin36_KIRILL KUDRYAVTSEVAFP via Getty Images_ecb KIRILL KUDRYAVTSEV/AFP via Getty Images)
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    Inflation Targeting in an Age of Climate Change

    Lucrezia Reichlin urges central banks to devise frameworks for balancing their price-stability mandates with other objectives.
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    How Serious Is Europe’s Anti-Democratic Threat?

    Sheri Berman considers whether right-wing populist parties pose a genuine danger to democracy in the region.
  7. oneil1 Getty Images
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    Latin America’s Big Opportunity

    Shannon K. O'Neil explains how the region could benefit from global economic and geopolitical reordering.
  8. born4 Getty Images
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    America’s Democratic Dysfunction

    Kelly Born considers the deep-rooted problems that have tarnished the image of the world’s most famous democracy.
  9. David Cameron Bloomberg/Getty Images
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    Britain’s Democratic Failure

    Kenneth Rogoff explains why nation-defining decisions should not be put to a simple majority vote.

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