The collapse of Lehman Brothers in 2008 unleashed the worst global downturn since the Great Depression of 1929.
With the effects still reverberating, and the threat of a new financial crisis on the horizon, is it fair to say that the lessons from Lehman have not been learned? If so, what must governments, policymakers and economists do to avoid future catastrophes? In this Perspectives, we ask eminent economists Lord Skidelsky and Dame Frances Cairncross to consider past mistakes and future challenges.
In association with the British Academy