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. rogoff231_Tom WilliamsCQ-Roll Call, Inc via Getty Images_ftxbankman-fried Tom Williams/CQ-Roll Call, Inc via Getty Images

    Will Crypto Survive?

    Kenneth Rogoff assesses the strategies regulators could adopt in the aftermath of the FTX debacle.
  2. spence156_SAUL LOEBAFP via Getty Images_bidenxi Saul Loeb/AFP via Getty Images

    Done With Deglobalization?

    Michael Spence sees reason to hope that the scales may soon tip back from international confrontation to cooperation.
  3. velasco131_Chris McGrathGetty Images_bitcoin Chris McGrath/Getty Images

    The Unbearable Uselessness of Crypto

    Andrés Velasco explains why FTX's collapse should sink a hyped-up lie bobbing on an ocean of libertarian technobabble.
  4. sinn107_Sean GallupGetty Images_germanyenergycoal Sean Gallup/Getty Images

    Is Germany Sick Again?

    Hans-Werner Sinn pours cold water on the fantasy that European economies can weather gas shortages with minimal pain.
  5. op_stiglitz6_Anna MoneymakerGetty Images_USabortionprotest Anna Moneymaker/Getty Images

    America's Silent Progressive Majority

    Joseph E. Stiglitz

    Now that the American electorate appears to have rejected Republican extremism, many will argue that US President Joe Biden and the Democrats should tack right to capture centrist voters. But this would be a mistake, given where voters' preferences increasingly lie.

    considers what the midterm election results indicate about voters' real priorities.
  6. jlevy2_Geo. P. Hall & SonThe New York Historical SocietyGetty Images_railroad Geo. P. Hall & Son/The New York Historical Society/Getty Images

    Big Tech Gets Derailed

    Jonathan Levy traces the origins of the sector's recent turmoil to the nineteenth-century rise of the corporation.
  7. BQ – West Give in to Russia NurPhoto / Contributor via Getty Images

    Will the West Give in to Russia?

    From soaring inflation to a deepening energy crisis, the United States and Europe are facing no shortage of economic challenges, and Russia’s war against Ukraine – and the sanctions imposed in response to it – bears much of the blame. As Russia launches new rounds of missile attacks, we asked PS commentators what the West should be doing for Ukraine – and how likely it is to do it.

  8. varoufakis97_SAMUEL CORUMAFP via Getty Images_musktwitter Samuel Corum/AFP via Getty Images

    The Techno-Feudal Method to Musk’s Twitter Madness

    Yanis Varoufakis explains that the issue is neither vanity nor public service, but rather the need to acquire cloud capital.
  9. tmeyer2_Drew AngererGetty Images_supremecourtclimateprotest Drew Angerer/Getty Images

    The Case for Mandating Climate-Risk Disclosure

    Timothy Meyer, et al. defend the legal and economic justification for the US Securities and Exchange Commission's proposed new rule.

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.