Uploaded July 2021 | Updated September 2026, 3 hours ago
If we want to understand the economic effects of socialism, North Korea is a good place to start because we can compare it to South Korea. But how do we study an economy when there isn't good data?
Research referenced:
Height and living standards in North Korea, 1930s–1980s, SUNYOUNG PAK, DANIEL SCHWEKENDIEK and HEE KYOUNG KIM, The Economic History Review, Vol. 64, No. S1
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If we want to understand the economic effects of socialism, North Korea is a good place to start because we can compare it to South Korea. But how do we study an economy when there isn't good data?
Research referenced:
Height and living standards in North Korea, 1930s–1980s, SUNYOUNG PAK, DANIEL SCHWEKENDIEK and HEE KYOUNG KIM, The Economic History Review, Vol. 64, No. S1
Sign up for my newsletter here: marketpower.substack.com
And you can find me on twitter: twitter.com/MarketPowerYT
RECOMMENDED VIDEOS
The Brutal Economics of Who Bought Slaves youtu.be/aGVk9VGbSwc
How Stocks Reacted to Presidential Assassinations youtu.be/wHSmV-_FkFQ
Which Countries Return Lost Wallets? youtu.be/kSg9WU48e_o
Why I Chose to Major in Economics youtu.be/y5DW_Uf_FwE










