Unlearning Economics | COVID-19 and Economic Narratives @unlearningeconomics9021 | Uploaded April 2020 | Updated October 2024, 3 hours ago.
Should the pandemic change how we think about the economy?
Produced by Hobbie Stuart
Artwork by Jacob Cob
© 2020 Unlearning Economics
I am an academic economist from the UK who has long been critical of the economics profession and how economics is used in public policy. Mostly the channel will cover economics with a critical perspective but I aim to educate people about economics in the process, so I'll try to explain key concepts and ideas along the way. That way, even if you disagree with aspects of the videos you will hopefully learn something from them. Subscribe for more!
References (in rough order of appearance):
Don't believe the myth that we must sacrifice lives to save the economy, Jonathan Portes. theguardian.com/commentisfree/2020/mar/25/there-is-no-trade-off-between-the-economy-and-health
Trump Considers Reopening Economy, Over Health Experts’ Objections, NYT. nytimes.com/2020/03/23/business/trump-coronavirus-economy.html
Covid-19 presents stark choices between life, death and the economy, The Economist. economist.com/leaders/2020/04/02/covid-19-presents-stark-choices-between-life-death-and-the-economy
Economic crash could cost more life than coronavirus, says expert, The Times. thetimes.co.uk/edition/news/economic-crash-could-cost-more-lives-than-coronavirus-study-warns-nxrn3bzbs
Coyle, Diane. (2014). GDP: A Brief but Affectionate History. Princeton University Press.
- Quality adjustments in the IT sector pp. 87-90
- Environmental adjustments pp. 115-117
- Services, unproductive labour, USSR growth statistics pp. 10-11
- Simon Kuznets’ views: pp. 13-14
Finance, social value, and the rhetoric of GDP, Jacob Assa. Finance and Society 4 (2), 144-58
The NHS at Capacity, Christopher Cook members.tortoisemedia.com/2020/03/30/chris-cook-coronavirus-nhs-at-capacity
What Everyone’s Getting Wrong About the Toilet Paper Shortage, Will Oremus marker.medium.com/what-everyones-getting-wrong-about-the-toilet-paper-shortage-c812e1358fe0
More on supply chains from FT correspondent Greg Callus: twitter.com/Greg_Callus/status/1241507154030473216
Correia, Sergio and Luck, Stephan and Verner, Emil, Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu (March 30, 2020). Available at SSRN: ssrn.com/abstract=3561560 or dx.doi.org/10.2139/ssrn.3561560
The Cost-of-Thriving Index: Reevaluating the Prosperity of the American Family. Oren Cass, American Compass. manhattan-institute.org/reevaluating-prosperity-of-american-family
Gough, Ian (1972) Marx's theory of productive and unproductive labour. New left review, I/76 . pp. 47- 72. ISSN 0028-6060 core.ac.uk/download/pdf/16379812.pdf
Graeber, David (2018). Bullshit Jobs: A Theory. Simon & Schuster.
Making the future count, Diane Coyle & Benjamin Mitra-Kahn. Indigo Prize Entry 2017. global-perspectives.org.uk/wp-content/uploads/2017/10/making-the-future-count.pdf
‘We can’t go back to normal’: how will coronavirus change the world?, Peter C Baker. theguardian.com/world/2020/mar/31/how-will-the-world-emerge-from-the-coronavirus-crisis
As Congress Pushes a $2 Trillion Stimulus Package, the “How Will You Pay For It?” Question Is Tossed in the Trash, Stephanie Kelton. theintercept.com/2020/03/27/coronavirus-stimulus-package-spending/?comments=1
We Can’t Return to Capitalism as Usual After This Crisis, Abi Wilkinson. jacobinmag.com/2020/03/coronavirus-covid-19-capitalism-crisis-herd-immunity
Sajid Javid tweet: twitter.com/sajidjavid/status/1241066998076968965
On austerity and the pandemic:
And so the appalling human consequences of the austerity experiment become clear, Jonathan Portes.
prospectmagazine.co.uk/economics-and-finance/and-so-the-appalling-human-consequences-of-the-austerity-experiment-become-clear-george-osborne-economy-coronavirus-covid-19-recession
Should the pandemic change how we think about the economy?
Produced by Hobbie Stuart
Artwork by Jacob Cob
© 2020 Unlearning Economics
I am an academic economist from the UK who has long been critical of the economics profession and how economics is used in public policy. Mostly the channel will cover economics with a critical perspective but I aim to educate people about economics in the process, so I'll try to explain key concepts and ideas along the way. That way, even if you disagree with aspects of the videos you will hopefully learn something from them. Subscribe for more!
References (in rough order of appearance):
Don't believe the myth that we must sacrifice lives to save the economy, Jonathan Portes. theguardian.com/commentisfree/2020/mar/25/there-is-no-trade-off-between-the-economy-and-health
Trump Considers Reopening Economy, Over Health Experts’ Objections, NYT. nytimes.com/2020/03/23/business/trump-coronavirus-economy.html
Covid-19 presents stark choices between life, death and the economy, The Economist. economist.com/leaders/2020/04/02/covid-19-presents-stark-choices-between-life-death-and-the-economy
Economic crash could cost more life than coronavirus, says expert, The Times. thetimes.co.uk/edition/news/economic-crash-could-cost-more-lives-than-coronavirus-study-warns-nxrn3bzbs
Coyle, Diane. (2014). GDP: A Brief but Affectionate History. Princeton University Press.
- Quality adjustments in the IT sector pp. 87-90
- Environmental adjustments pp. 115-117
- Services, unproductive labour, USSR growth statistics pp. 10-11
- Simon Kuznets’ views: pp. 13-14
Finance, social value, and the rhetoric of GDP, Jacob Assa. Finance and Society 4 (2), 144-58
The NHS at Capacity, Christopher Cook members.tortoisemedia.com/2020/03/30/chris-cook-coronavirus-nhs-at-capacity
What Everyone’s Getting Wrong About the Toilet Paper Shortage, Will Oremus marker.medium.com/what-everyones-getting-wrong-about-the-toilet-paper-shortage-c812e1358fe0
More on supply chains from FT correspondent Greg Callus: twitter.com/Greg_Callus/status/1241507154030473216
Correia, Sergio and Luck, Stephan and Verner, Emil, Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu (March 30, 2020). Available at SSRN: ssrn.com/abstract=3561560 or dx.doi.org/10.2139/ssrn.3561560
The Cost-of-Thriving Index: Reevaluating the Prosperity of the American Family. Oren Cass, American Compass. manhattan-institute.org/reevaluating-prosperity-of-american-family
Gough, Ian (1972) Marx's theory of productive and unproductive labour. New left review, I/76 . pp. 47- 72. ISSN 0028-6060 core.ac.uk/download/pdf/16379812.pdf
Graeber, David (2018). Bullshit Jobs: A Theory. Simon & Schuster.
Making the future count, Diane Coyle & Benjamin Mitra-Kahn. Indigo Prize Entry 2017. global-perspectives.org.uk/wp-content/uploads/2017/10/making-the-future-count.pdf
‘We can’t go back to normal’: how will coronavirus change the world?, Peter C Baker. theguardian.com/world/2020/mar/31/how-will-the-world-emerge-from-the-coronavirus-crisis
As Congress Pushes a $2 Trillion Stimulus Package, the “How Will You Pay For It?” Question Is Tossed in the Trash, Stephanie Kelton. theintercept.com/2020/03/27/coronavirus-stimulus-package-spending/?comments=1
We Can’t Return to Capitalism as Usual After This Crisis, Abi Wilkinson. jacobinmag.com/2020/03/coronavirus-covid-19-capitalism-crisis-herd-immunity
Sajid Javid tweet: twitter.com/sajidjavid/status/1241066998076968965
On austerity and the pandemic:
And so the appalling human consequences of the austerity experiment become clear, Jonathan Portes.
prospectmagazine.co.uk/economics-and-finance/and-so-the-appalling-human-consequences-of-the-austerity-experiment-become-clear-george-osborne-economy-coronavirus-covid-19-recession
