The LSE has launched a new online video service which will bring the Big Ideas from the LSE to the world. First up is Paul Wooley from the Dyfunctional Markets centre with his views on what caused the Great Crash of 2008.

Wooley is a former investment broker turned academic. He explains in the video how the financial markets became too big, too complex and apart from normal market forces.

But he doesn’t believe more regulation is the answer and he fears that if we don’t learn the lessons about structural problems in global finance, then the next crash could be even worse.

If you are interested in how journalists covered the crisis then get in touch with us about the launch of our report on financial journalism on November 17th – Robert Peston is also speaking here on the same day. Email: polis@lse.ac.uk for details.