New Books Network
Andrew Leigh, "How Economics Explains the World: A Short History of Humanity" (Mariner Books, 2024)
Apr 9, 2025
Andrew Leigh is an Australian economist, author, and politician, currently serving as the Assistant Minister for Competition, Charities and Treasury. He discusses how economic principles have shaped historical events, such as trade barriers during the 1930s and the Allies' victory in World War II. Leigh also delves into the book-writing process while balancing family life and his political career. He highlights the motherhood penalty's impact on economic inequality, drawing on relevant research to underscore its importance for future policies.
14:11
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Quick takeaways
- Economic factors significantly shaped historical events like the US Civil War, revealing alternative narratives beyond conventional military strategy.
- Highlighting the gender pay gap, particularly the 'motherhood penalty,' underscores the importance of policy interventions to enhance gender equality in the workforce.
Deep dives
The Influence of Economics on Historical Events
Economics plays a vital role in understanding historical events, as illustrated through the lens of significant moments like the US Civil War. By analyzing the material assets of both the North and South, it becomes clear that the North's superior resources ultimately contributed to its victory, despite the South's tactical advantages. This approach demonstrates how economic factors can provide fresh perspectives on history, prompting a re-evaluation of conventional narratives that focus solely on military strategy. Highlighting this interplay between economics and historical events reveals broader implications for understanding the economic forces that have shaped global dynamics.
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