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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

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    Can Europe Create an Innovation Economy?

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    Trump’s Proposed Tariffs Are a Gift to the Rich

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    Building a Buffer Against Food-Price Shocks

    Isabella M. Weber, et al. urge Brazil and South Africa, as successive G20 presidents, to devise a new stabilization playbook.
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    Nothing New on the Middle Eastern Front

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    Trump’s Tariffs Are an Opportunity for Harris

    Harold James urges the Democratic presidential candidate to reject the new consensus against free trade.
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    A Dangerous Dance for Israel and Iran

    Abbas Milani sees both countries walking a tightrope to maintain deterrence without provoking a full-blown war.
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    The Bloody Path of Alberto Fujimori’s Neoliberalism

    Antara Haldar assesses the former Peruvian president’s legacy of free-market reform and death-squad dictatorship.
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    The Middle East’s Deadly Dream Palaces

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    Making Sense of Russia’s War Economy

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    Despite the apparent resilience of Russia's economy, Vladimir Putin’s full-scale war against Ukraine comes at a high economic cost. Not only does it require today’s Russians to live a worse life than they otherwise would have done; it also condemns future generations to the same.

     explains the apparent resilience of growth and employment in the face of increasingly tight sanctions.

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