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Ten Years After the Crisis: An Economic Parley

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Ten years ago, asset prices were in free fall, credit markets had seized up, and millions of people were losing their homes, jobs, and livelihoods. In this extended episode, we talk to economists Jeffrey Sachs, Teresa Ghilarducci, Angus Deaton, Robert Shiller, and Stephen Roach about what we’ve learned – or should have learned – from the Great Recession.

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  1. solana109_robert wallisCorbis via Getty Images_manhittingberlinwall Robert Wallis/Corbis via Getty Images

    The Partial Triumph of 1989

    Javier Solana

    The fall of the Berlin Wall in November 1989 marked the end not of a historical chapter, but of a paragraph. Although capitalism currently has no rival, it has proven its compatibility with illiberal forces.

    0
  2. sachs315_Pablo Rojas MadariagaNurPhoto via Getty Images_chileprotestmanbulletface Pablo Rojas Madariaga/NurPhoto via Getty Images

    Why Rich Cities Rebel

    Jeffrey D. Sachs

    Having lost touch with public sentiment, officials in Paris, Hong Kong, and Santiago failed to anticipate that a seemingly modest policy action (a fuel-tax increase, an extradition bill, and higher metro prices, respectively) would trigger a massive social explosion.

    4

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