The Sydney Institute
Andrew Leigh – The Shortest History of Economics
Apr 18, 2024
Andrew Leigh, author of 'The Shortest History of Economics', discusses a wide range of economic topics in the podcast. From exploring capitalism, luck, and competition to analyzing Max Weber's theory and the global role in the slave trade. The conversation also delves into climate change, witch hunts, and scapegoating in history, as well as economic influences on wars and influential figures. Lastly, they explore optimism, pessimism in preparing for catastrophic risks, and the evolution of economics and money.
55:55
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Quick takeaways
- Labour politicians advocate for market systems with government interventions for fair outcomes.
- Competition among religions boosts religiosity, contradicting the monopoly belief in religious adoption.
Deep dives
Influence of Labour Politicians
Labour politicians are now seen as pro-growth progressives who understand the power of the market system but also acknowledge the need for government intervention to ensure fair distribution of outcomes. The welfare state is depicted as essential in managing risk associated with unforeseen challenges like health issues or economic disparities.
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