British Academy: The UK's National Academy for the Humanities and Social Sciences
The Global Financial Crisis – Why Didn’t Anybody Notice?
The Queen with Professor Luis Garicano at the LSE in
November 2008 (Photograph: Kirsty Wigglesworth/PA
Archive/Press Association)
British Academy Forum
On 17 June 2009, a group of leading academics, economics journalists, politicians, past and present civil servants, and other practitioners met at the British Academy for a round-table discussion of the current financial crisis. Professor Charles Goodhart CBE FBA opened the discussion.
The question under discussion in this second British Academy Forum had been framed by Her Majesty The Queen on a visit to the London School of Economics on 5 November 2008, when she had asked: if these things were so large, how come everyone missed them? The Chairman, Professor Peter Hennessy FBA, explained that a purpose of the Forum was to provide the basis of an 'unofficial command paper' that attempted to answer The Queen's question.
Letter sent to The Queen on 22 July 2009 (PDF)
Subsequently published as British Academy Review article (PDF)