Systemic risk, bank failure, securitization, short term wholesale funding deadline, real estate bubble, subprime mortgage lending. A glossary of terms that we started to become familiar with when Lehman Brothers collapsed just 5 years ago. Now we know how to put these pieces together to explain the puzzle of the biggest global economic crisis since the "crash" of '29.

One can usually get rich with "great" ideas andcheap financing, but with very little work: individualism and lack of realism, the key pieces of the puzzle. Approaches, practices, diagnosis and prevention failed. Responsible by action or omission: states, bankers, politicians, economists, regulators, educators¿ and quite a few companies and individuals. Almost Fuenteovejuna, but the story does not end there.

A certain healthy catharsis: financial austerity, nuanced globalization and a new market-State balance. Even so, inequalities, unemployment, harmful incentives in banking, and that monster that keeps rearing its ugly and shameless head: corruption, persist. Certainly, it has been and is time to ask ourselves some serious questions: How is the good Economics -Inequalities, unemployment and that monster that keeps rearing its ugly and shameless head: corruption, persist.
inequalities, unemployment and that monster: corruption in the words of Phelps and Shilleren that we want to live with How to design effi cient, independent institutions that look after the general interest How to discipline politicians in this new scenario How to educate the leaders, entrepreneurs and economists of the future Rethink and rethink ourselves all with more vision of the whole. If not now, when. It is possible to get out of the labyrinth.