S3 Ep50: The Black Death
Seven hundred years ago the worst pandemic in history killed almost half the population of Europe and the Middle East. Mark Koyama tells Tim Phillips about the centuries-long economic impact of the Black Death.
Learn about groundbreaking new research, commentary and policy ideas from the world's leading economists. Presented by Tim Phillips.
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Seven hundred years ago the worst pandemic in history killed almost half the population of Europe and the Middle East. Mark Koyama tells Tim Phillips about the centuries-long economic impact of the Black Death.
Some ethnic groups are active in African politics, and some are not. Valeria Rueda tells Tim Phillips the fascinating story of how two socioeconomic revolutions more than a century ago shaped post-colonial political power.
Another week, another tech merger, but this time with huge potential implications for who owns our health data and how it is used. Cristina Caffarra and Greg Crawford tell Tim Phillips why 17 economists have written a paper describing harm that Google's acquisition of Fitbit would cause to consumers. Download Policy Insight 107 , or read about it at VoxEU ....
Academic economists need to be published, but is the journal system fair and efficient? Sebastian Galiani and Ugo Panizza tell Tim Phillips about a new free VoxEU ebook that tackles racism in publishing, whether you should be judged by your citations, and the tyranny of the top five. Download Publishing and measuring success in economics .
In a crisis, do we get nostalgic about music? Timothy Yeung tells Tim Phillips about Spotify data that suggests we look for comfort by seeking out songs we know. Read the research in Covid Economics.
In the UK, public transport use has remained low after lockdown - but car use is almost back to pre-pandemic levels. What does this mean for a sustainable transport policy? David Newbery tell Tim Phillips how we could tax and incentivise ways to get around after the pandemic.
Do scandals happen in banks because they recruit people who can't be trusted? Matthias Heinz tells Tim Phillips about new research with a sobering message for bank HR departments.
Nine million workers were furloughed in the UK this summer. What was the experience like for them, and what will happen to them now? Abi Adams-Prassl tells Tim Phillips about how the Job Retention Scheme worked in practice, and what we can learn about short-time work.
At the beginning of the 20th century more than 7,000 kindergartens were set up in the US. Philipp Ager and Francesco Cinnirella tell Tim Phillips about the profound effect of preschool on the life chances of a generation of immigrants.
Many Americans blame China for Covid-19. Runjing Lu tells Tim Phillips that the way politicians have exploited the pandemic has led to an increase in prejudice against the US Asian community.
In a new book based on his time as deputy governor of India's central bank, Viral Acharya warns that India's bloated public sector is strangling growth. The economy urgently needs institutional reform, he tells Tim Phillips - and now is the perfect time to do it. Viral's book is called Quest for Restoring Financial Stability in India , and is published by Sage India .
Low-skilled workers are concentrated in sectors with fast productivity growth, so why isn't their pay rising? Rachel Ngai tell Tim Phillips that one explanation is in how low-skilled workers are reallocated between different sectors.
How much do we bail out our family in a crisis? By matching financial transactions and administrative data in Denmark, Niels Johannesen comes up with an answer for Tim Phillips.
Xenophobic attacks are on the rise around the world. Does social media help cause them? Maria Petrova tells tim Phillips about shocking new research from Russia.
Viral Acharya tell Tim Phillips that the action to save Europe's financial sector after 2008 has delayed reform in the banking sector - creating a decade of lending to zombie firms that has stifled economic growth. Acharya on Zombies and disinflation at VoxEU.
Most high earners bounce back from recessions. But Gianluca Violante tells Tim Phillips that, for the last 50 years, it has been a different story for low earners.
The Covid-19 lockdown has provided the opportunity to measure the financial value we give to 'free' digital services like social media and Google search. Diane Coyle and David Nguyen tell Tim Phillips what they discovered, and whether this value should be counted in GDP. Read the paper in Covid Economics 33, or this article on VoxEU.
Skilled artisans were needed to build, improve and mend the machines that powered the industrial revolution. Joel Mokyr tells Tim Phillips how this can help explain why the revolution happened when - and where - it did.
In the recovery from Covid-19 we urgently need to boost productivity. But which policies move the needle? Filippo di Mauro tells Tim Phillips about what CompNet's firm-level productivity data tells us about both the problem and the solution. Find out more about what the data is telling us .
Low profitability, non-performing loans, and competition from Big Tech. A new report from the CEPR concludes that the banking sector faces "deep restructuring". Xavier Vives tell Tim Phillips why. Read about the report and download it .
Kaushik Basu's time as World Bank chief economist inspired him to think radically about how to change the way the global economy works. He tells Tim Phillips about why public ownership and profit-sharing may be essential, and what we can still learn from Karl Marx.
A new ebook from the CEPR and the International Development Policy Journal discusses the threat to developing and emerging economies from the pandemic, and what we can do about it. Ugo Panizza is one of the editors, and he joins Tim Phillips to discuss capital flight, conflict, and what advanced economies and can do to help. Download Covid in Developing Economies - it's free .
Different countries and cities have different rates of Covid exposure, but what can explain the difference in incidence between neighbourhoods? New York residents Milena Almagro and Angelo Orane-Hutchinson tell Tim Phillips what made the difference in their city. Read their research in Covid Economics 13 .
Thomas Philippon's new book argues that in the last 20 years the US has “given up” on free markets. As a result, he tells Tim Phillips, American families are each $5,000 a year poorer.
This week the CEPR launches a new research programme called STEG - Structural Transformation and Economic Growth. Ahead of the kick-off workshop on June 4 and 5, Joe Kaboski and Doug Gollin tell Tim Phillips what STEG hopes to achieve, and Rachel Glennerster explains why DFID is funding it. Register for the workshop or discover STEG here .
The mortality statistics of the Covid-19 outbreak suggest that your country's medical infrastructure has a big influence on how likely you are to survive. Nathan Sussman has examined the data and tells Tim Phillips why all countries should be urgently investing in their health services. Read "Time for Beds" in issue 11 of Covid Economics .
Should competition authorities intervene more often in tech mergers? Be careful, Luis Cabral tells Tim Phillips: they risk stifling innovation if they do.
In every crisis, economists will tell us that it is time for helicopter money, and Covid-19 is no different. But the helicopters never seem to take off. Donato Maschiandaro tells Tim Phillips why not. Read about helicopter money in Issue 7 of Covid Economics.
Do we close our public spaces to protect our communities from Covid-19, or keep them open, as in Sweden? Dirk Krueger tells Tim Phillips that informing the public and then trusting individuals to make good choices might deliver a decline in infections, while minimising the Covid recession. Download Covid Economics 5 , including Dirk's paper. Picture: Creative Commons/Vogler
On the 75 anniversary of the VE Day, David Edgerton tells Tim Phillips that Britain's belief in its go-it-alone scientific and inventive genius is “deluded”, and has stunted the nation's postwar growth. Download The Economics of the Second World War Seventy-Five Years On , featuring David's chapter.