42 episodes

The Economists uses the tools of economics to shine a light on life.

The Economists  ABC Podcasts

    • Business
    • 4.4, 85 Ratings

The Economists uses the tools of economics to shine a light on life.

    Economic 'Armageddon' as we head towards recession. Now what?

    Economic 'Armageddon' as we head towards recession. Now what?

    GDP figures say that Australia is heading towards recession for the first time in 29 years. Now what?

    As 2020 brought bushfires, drought and floods, we were already in financial trouble.

    But the measures taken to save lives in the face of COVID-19 have pushed the economy over the edge.

    Nicki Hutley, partner at Deloitte Access Economics and Terry Rawnsley from SGS Economics and Planning, join us to pull apart the GDP 'sausage' and tell us what it all means.

    • 28 min
    Why you shouldn't need a degree to understand economics

    Why you shouldn't need a degree to understand economics

    If economics was made more relatable, it would be easier to understand.

    Justin Wolfers says we should start by teaching it differently.

    He says that although the guiding principles have largely remained, they need to be pulled apart and used in everyday decision-making to be useful.

    And if you don't want to study at university, there are some great resources to guide you through say, a pandemic.

    Justin Wolfers is a professor of economics and public policy at the University of Michigan and a senior fellow at the Peterson Institute for International Economics.

    He co-authored (with Betsey Stevenson) Principles of Economics.

    • 28 min
    Who will suffer the most from the COVID shutdown?

    Who will suffer the most from the COVID shutdown?

    The hardships caused by the COVID-19 shutdown are not evenly distributed.

    In the US, 40% of the workforce who earn just $40,000 a year, have lost their jobs.

    Australians in a similar position will also face harsher conditions than higher earners.

    But it goes beyond employment into poverty-specific issues like homelessness and neglect.

    Stefanie Schurer explains why most of the suffering will land on the shoulders of children.

    Professor Schurer is at Sydney University. She is chief investigator at the NHMRC of Research Excellence of both Child and Indigenous Youth Well-being.

    Also

    How does the Australian Bureau of Statistics gather data in the fast-moving times of the coronavirus?

    David Gruen, lead statistician of the ABS and former chief economist to the prime minister, joins us.

    • 28 min
    A recession like no other

    A recession like no other

    The COVID-19-induced recession will be nothing like any recession, indeed depression, we have seen before.

    The difference this time is that the government is not reacting to poor market performance. Rather, it has actively directed business across Australia to close its doors.

    Bob Gregory is a former board member of the Reserve Bank of Australia.

    He says that the economy will be 'grim for six to nine months' and after that, it is impossible to know.

    Bob Gregory is Emeritus Professor at the Australian National University.

    Also

    Behavioural economist Bob Slonim explains why we need to think more creatively to inspire more downloads of the COVIDSafe app.

    Former research director of the prime minister's BETA unit, Bob Slonim is now at Sydney University.

    • 28 min
    After the COVID-19 shut down, what will work look like?

    After the COVID-19 shut down, what will work look like?

    As the dust starts to settle on the Australian economy, what will work look like?

    Many of us hope to still have jobs but wonder how they will change.

    Jessica Mizrahii from Deloitte Access Economists assures us not to worry, that the future of work is still human.

    But when we have money in our pockets again, how will we spend it?


    Also

    Ross Garnaut joins us.

    Will we finally change our approach to transforming energy and mining?

    • 28 min
    Finding the right incentives to navigate COVID-19

    Finding the right incentives to navigate COVID-19

    Pandemics require individuals to contribute to the greater good.

    Behavioural economist, Stephen Whyte says that it is possible to 'nudge' people towards actions that improve their lives.

    Staying at home, social- distancing and downloading the COVIDSafe app are pro-social behaviours we can implement ourselves.

    But how do we incentivise big companies to put the necessary resources into finding a vaccine?

    Joshua Gans, author of Economics in the Age of COVID-19 explains.

    • 28 min

Customer Reviews

4.4 out of 5
85 Ratings

85 Ratings

phil old teacher ,

Phil

The best podcast produced by ABC. Best education tool for all business studies students. Don’t stop this podcast

Truthfu! ,

How to manage money well

In this era when we are told we aren’t getting our fair share of the money, The Economists explain the science of economics and apply it to today’s Australia, in the hope that each person can can live a better live thanks to decisions better made. Great stuff!

Big John Australia ,

Top Economic Discussion

Greatly appreciate this podcast and greatly disappointed it has ceased. The content was pertinent, current and informative. One could measure and review one’s understanding of economic events with the benefit of commentary by genuine skilled economists. Will be greatly missed please ‘bring it back’

Top Podcasts In Business

Listeners Also Subscribed To

More by ABC Podcasts