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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

  1. kanem7_pishitGetty Images_corporate woman pishit/Getty Images

    Supporting Sexual and Reproductive Health Is Good Business

    Natalia Kanem argues that investing in employees’ well-being will help companies attract and retain top talent.
  2. patten167_Ricky VigilGetty Images_keirstarmer Ricky Vigil/Getty Images

    Can Democracy Win in 2024?

    Chris Patten highlights the challenges mainstream parties face as they try to boost growth and improve public services.
  3. pisaniferry147_EMMANUEL DUNANDAFP via Getty Images_frenchelection Emmanual Dunand/AFP via Getty Images

    Finding a New French Majority

    Jean Pisani-Ferry assesses what must happen to form a stable government after an election that produced a hung parliament.
  4. rodrik211_Xu WeijieVCG via Getty Images_chinashipbuilding Xu Weijie/VCG via Getty Images

    Industrial Policy Is Back. Now What?

    How to design effective industrial policies has suddenly become a hot – and divisive – topic among economists and policymakers. Even those who agree that governments should intervene in the economy to bolster productivity, increase competitiveness, and tackle social and environmental challenges differ sharply on the details.

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    The Big Picture

  6. op_stiglitz7_Elizabeth ServatynskaSuspilne UkraineJSC UAPBCGlobal Images Ukraine via Getty Images_ukrainereconstruction Elizabeth Servatynska/Suspilne Ukraine/JSC/ UAPBC/Global Images Ukraine via Getty Images

    The Way Forward for Ukraine’s Economy

    Joseph E. Stiglitz & Andrew Kosenko

    With sufficient assistance from the West, Ukraine will prevail over its much larger and richer authoritarian neighbor. But to enjoy the fruits of victory, it will have to move faster in its transition from a post-communist oligarchy, while being careful to resist the siren call of free-market fundamentalism.

    offer a roadmap for guiding the country's recovery and reconstruction during and after the war.
  7. robinson18_Alexis RosenfeldGetty Images_biodiversity Alexis Rosenfeld/Getty Images

    Rich Countries Must Meet Their Biodiversity Financing Pledges

    Mary Robinson urges international policymakers to use the upcoming COP16 summit to close the nature-finance gap.
  8. sstokes4_Scott OlsonGetty Images_trump Scott Olson/Getty Images

    Inequality Spurs Democratic Backsliding

    Susan Stokes shows that countries with fairer economies are less likely to succumb to authoritarian populism.
  9. rajan93_cienpiesGetty Images_inflation cienpies/Getty Images

    Bracing for a More Inflationary World

    Raghuram G. Rajan thinks central banks will remain under pressure to maintain tighter policies over the medium term.

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