Economic meltdown: Chicago school at fault?
Updated on 25 August 2009
Many commentators now believe it is the economics profession itself that should be on the receiving end of our anger over the economic crisis.
The deputy governor of the Bank of England, Charles Bean, says in a speech that the economics profession has oversold the virtues of unfettered financial markets.
Economics correspondent Faisal Islam travelled to the very heart of free market economics - the University of Chicago - to ask whether we need to fundamentally rethink how the financial system works.
