Journal

10 Years Since the Financial Crash: Take Action this September 15th!

Words by Hannah Dewhirst

It’s been 10 years since the financial crash of 2008, and we still don’t believe thateconomists will prevent another from happening!

We need university curricula that will prepare future economists to foresee and prevent future crash’s.

Take action this September 15th! Download our briefing pack to find out how!

Download our manifesto here

Download our briefing pack here

 CONTEXT:

Ten years, on the 15th September 2008, the financial services firm Leheman Brothers, filed for bankruptcy. With $639 billion in assets and $619 billion in debt, Lehman’s bankruptcy filing was the largest in recorded history, and it shook the financial world to its core. Today, it’s seen by many as the first domino to fall in the start of the 2008 worldwide financial crisis.

Immediately after the 15th of September, the British Queen asked many influential economists at the London School of Economics, why all this had happened. They weren’t able to answer, and this was not a coincidence: the economics curricula didn’t prepare them to do so. Logically, the universities should have started to reform their courses to enable young people to explain future crises. But most of them haven’t. The majority of today’s students still have to do private research to understand why the crisis happened.

10 years on we are still not teaching economics students to answer this question. The public deserve economists who can.

As people all over the world are making their voices heard, we want to use this moment to highlight Rethinking Economics’ arguments for curriculum reform.

TAKE ACTION! Download our briefing pack to find out how!

Download our manifesto here

Download our briefing pack here

 

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