2008: A Retrospective on the Financial Crisis
Before 2008, mainstream economics thought a global economic crisis on the scale of the Great Depression was impossible. Then Lehman Brothers declared bankruptcy. A decade later, INET looks back at the causes of the global financial crisis, and what policymakers—and economists—must change to prevent another one.
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When the Levee Broke
Ten years ago, the financial crisis washed away faith and trust in economics as a guide to social prosperity. Filling a void is difficult. We are still hard at work.