Skip to main content

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?

Sort by: Show:
  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 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. adjei1_ NIPAH DENNISAFP via Getty Images_ghana forest preservation NIPAH DENNIS/AFP via Getty Images

    Carbon Credits Hold the Key to Combating Deforestation

    Roselyn Fosuah Adjei explains how nature-based offsets could help reduce emissions and benefit local communities.
  2. buruma211_VANO SHLAMOVAFP via Getty Image_navalny Vano Shlamov/AFP via Getty Images

    Alexei Navalny Did Not Die for Nothing

    Ian Buruma

    The Russian opposition leader faced a dilemma that all dissenters in authoritarian states must grapple with: live in exile and fade into obscurity, or confront an oppressive regime and risk imprisonment and torture. Navalny’s choice – and the price he paid for making it – will inspire dissidents for generations to come.

    highlights the crucial role of political martyrs in inspiring resistance to oppressive regimes.
  3. velasco145_Amarjeet Kumar SinghAnadolu Agency via Getty Images Amarjeet Kumar Singh/Anadolu Agency via Getty Images

    The Submergence of Emerging Markets

    Andrés Velasco worries that major middle-income economies are facing a prolonged slowdown, jeopardizing global convergence.
  4. nabi6_Monika Skolimowskapicture alliance via Getty Images_ai health Monika Skolimowska/picture alliance via Getty Images

    How AI Could Reshape Medicine

    Junaid Nabi highlights the new technology’s potential to transform how we diagnose, treat, and prevent diseases.
  5. op_fofack3_Sean GallupGetty Images_rutogeorgieva Sean Gallup/Getty Images

    Making Bretton Woods Work for Africa

    Hippolyte Fofack envisions a reformed global financial architecture that provides equal access to long-term patient capital.
  6. spence170_Biplov BhuyanHindustan Times via Getty Images_wsupreme court india Biplov Bhuyan/Hindustan Times via Getty Images

    Making Sense of Society

    Michael Spence considers why a healthy civil society is crucial to good governance and inclusive prosperity.
  7. haldar31_Sefa KaracanAnadolu AgencyGetty Images_navalny Sefa Karacan/Anadolu Agency/Getty Images

    Shock Therapy Killed Navalny

    Antara Haldar argues that while Vladimir Putin bears responsibility, so do the economic policies that put him in power.
  8. rbrooks1_Markus Scholzpicture alliance via Getty Images_germanyshipping Markus Scholz/picture alliance via Getty Images

    Putin’s Silk Road Around Sanctions

    Robin Brooks & Simon Johnson urge Europe and the G7 to stop the re-export of Western goods to Russia from Central Asia and the Caucasus.
  9. thallinger3_Sean GallupGetty Images_fossil fuels Sean Gallup/Getty Images

    To Fight Climate Change, End Fossil-Fuel Subsidies

    Günther Thallinger & Ludovic Subran urge policymakers to recognize the true costs of a policy that harms the planet and does not help the poor.

Edit Newsletter Preferences

Set up Notification

To receive email updates regarding this {entity_type}, please enter your email below.

If you are not already registered, this will create a PS account for you. You should receive an activation email shortly.