Whowhatwhy's Podcasts

RadioWhoWhatWhy: The 2008 Crash Was Not a Singular Event

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Sinopsis

The holy grail of physics is a unified field theory that somehow explains both the micro and macro aspects of how the world works. The same holds true for what Thomas Carlyle called the “dismal science” of economics, as we seek to understand the causes and consequences of the 2008 financial meltdown.  In this week’s WhoWhatWhy podcast, Jeff Schechtman talks with economic historian Adam Tooze, professor of history at Columbia University and award-winning author, about a reinterpretation of the 2008 financial crisis through the lens of what came before and what followed in its wake. On this tenth anniversary of the collapse of Lehman Brothers, Tooze explains how, contrary to popular mythology, this was not just a problem that started in the US and rippled outward, but a global problem: the first real crisis of the global age.  He explains how decades of not fully understanding financial entanglement helped set in motion the shock waves that were felt around the world and that are still reverberating today in th