How War Affects the Economy | Marginal Babble Ep.29 with Professor Clifford Thies
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How War Affects the Economy | Marginal Babble Ep.29 with Professor Clifford Thies
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概要
Discover how war reshapes economies beyond the battlefield. Economist Clifford Thies reveals the hidden costs of conflict, from GDP distortions to social capital destruction. Learn why some nations recover faster and how institutional strength and financial strategies play a crucial role. Essential insights for anyone interested in the true economic impact of war.
Professor Clifford Thies
https://www.su.edu/faculty-staff/faculty/clifford-f-thies/
‘The Effect of War on Economic Growth’:
https://www.cato.org/cato-journal/winter-2020/effect-war-economic-growth#
Timestamps
00:00: Intro
00:41: What Happens to an Economy When War Breaks Out?
01:24: Clifford’s Research (Defining ‘War’)
04:23: How to Finance War
07:22: Clifford’s Research (What Data was Used?)
14:08: Post War Recovery (Strength of Pre-War Institutions)
20:31: Poor Post-War Recoveries (Examples)
24:22: Democratic VS Command Economies (India VS China)
29:12: Are Trade Sanctions Effective? (In War or Peace)
38:42: The Peace Dividend
43:35: Key Takeaway from Clifford’s & Other Research
46:57: What Will Russia’s Post-War Economy Look Like?
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