Podcast
Marginal Babble
Hosted by Max Dorey · EN
Home of the Marginal Babble Podcast, hosted by Maxwell Dorey. Max takes Economists, Scientists, Businessmen and more, on an exploratory journey of their work and fields. We hope you enjoy the show, or at least don't burst your bubble...
Youtube: @maxwelldorey
14episodes
Episodes
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How War Affects the Economy | Marginal Babble Ep.29 with Professor Clifford Thies
Feb 2500:50:51Tap to summarizeDiscover 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 Thieshttps://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#Timestamps00:00: Intro00:41: What Happens to an Economy When War Breaks Out?01:24: Clifford’s Research (Defining ‘War’)04:23: How to Finance War07:22: 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 Dividend43:35: Key Takeaway from Clifford’s & Other Research46:57: What Will Russia’s Post-War Economy Look Like? SocialsTikTok: https://www.tiktok.com/@marginalbabbleInstagram: https://www.instagram.com/marginalbabble/X: https://x.com/marginalbabbleBluesky: https://bsky.app/profile/marginalbabble.bsky.social/Website: https://marginalbabble.co.uk/
Transcribe →History of the Russian Economy | Marginal Babble Ep.28 with Professor Richard Ericson
Feb 1101:18:51Tap to summarizeExplore the intricate evolution of Russia's economy, from Tsarist infrastructure to Soviet command systems to Russia’s modern-day challenges. Economist Richard Ericson delves into the sustainability of Russia's resource-driven growth, the impact of geopolitical tensions, and the looming risks of its current economic model. This episode offers a rare glimpse into the forces shaping one of the world's most consequential nations, perfect for those interested in geopolitics and economic resilience. Professor Richard Ericson:https://scholar.google.com/citations?user=UOLZdsYAAAAJ&hl=en “The Classical Soviet-Type Economy: Nature of the System and Implications for Reform”:https://www.aeaweb.org/articles?id=10.1257/jep.5.4.11 Timestamps:00:00: Intro00:41: Context for the Russian Economy of Today02:29: Soviet Era Economics14:36: Structure of the Soviet System18:21: Soviet Economy: Comparisons to Other Economies25:05: Imperial (Tsarist) Russian Economy30:17: Transition to Communism38:26: What People Misunderstand About the Soviet Union41:48: Collapse of the Soviet Union48:50: The Modern Russian Economy56:35: Russian Economy too Resource Dependent?59:30: Wartime Economy (Ukraine War)01:10:30: The Future of the Russian Economy01:16:24: Richard’s Final Thoughts Socials:TikTok: https://www.tiktok.com/@marginalbabbleInstagram: https://www.instagram.com/marginalbabble/X: https://x.com/marginalbabbleBluesky: https://bsky.app/profile/marginalbabble.bsky.social/Website: https://marginalbabble.co.uk/
Transcribe →Impact of Chinese Imports on Indian Industry | Marginal Babble Ep.27 with Dr Pavel Chakraborty
Feb 401:00:26Tap to summarizeIn this episode, we explore the impact of trade openness on India's economy with economist Pavel Chakraborty. Discover how Chinese imports have lowered prices but challenged Indian firms' profits. Learn about the effects of tariffs, the role of India's manufacturing sector, and the strategic implications for future growth. Perfect for those interested in trade policy and economic development Professor Pavel Chakrabortyhttps://pavelchakraborty.weebly.com/ ‘Chinese Import Competition and Prices: Evidence from India’:https://onlinelibrary.wiley.com/doi/abs/10.1111/obes.12632 Timestamps 00:00: Intro00:41: India’s Manufacturing Sector06:16: Why Has China Dominated Global Manufacturing Instead of India?14:50: India’s Trade Openness18:00: Tariff Rates (Developed VS Developing Economies)22:03: Effects of Cheap Chinese Imports on India Manufacturing34:38: Effects of Cheap Chinese Imports on the Wider Indian Economy39:40: Why ‘Stand Alone Firms’ Responded Stronger than Other Firms42:35: The Impact on Other Asian Countries46:42: Changing Global Tarriff Policies49:28: Future of Indian Trade Policy57:02: What Future Research Needs Conducting? Socials:TikTok: https://www.tiktok.com/@marginalbabbleInstagram: https://www.instagram.com/marginalbabble/X: https://x.com/marginalbabbleBluesky: https://bsky.app/profile/marginalbabble.bsky.social/Website: https://marginalbabble.co.uk/
Transcribe →Transforming Education in Peru | Marginal Babble Ep.26 with Professor Panu Pelkonen
Jan 2800:51:44Tap to summarizeIn this episode, I sit down with general education economist, Professor Panu Pelkonen, to explore the evolution of Peru's education system, focusing on the challenges and reforms from 2010 to 2016. The discussion highlights urban-rural disparities, the impact of increased public spending, and the shift in educational outcomes. Key topics include the role of political stability, privatization in education, and the link between educational improvements and economic growth.Professor Panu Pelkonen: https://profiles.sussex.ac.uk/p258681-panu-pelkonen‘Public Gains, Private Strains: Public Investment and Private Schooling in Peru’: https://users.sussex.ac.uk/~saef20/BA_Privatisation.pdfTimestamps:00:00: Intro00:38: Background on Peru's Education Sector03:27: Regional Education Disparities06:59: Peru Ramps Up Public School Investment12:53: Comparisons to Other Countries15:36: Outcomes of Public School Investment22:55: What Happened to the Private Schools?29:30: Education Spending & Economics35:24: Did The Investment Reduce Regional Inequality (Internally & Externally)?40:08: What Needs Improving?45:04: What Future Research Could Capitalize on the Findings of Panu's ResearchSocials:TikTok: https://www.tiktok.com/@marginalbabbleInstagram: https://www.instagram.com/marginalbabblepodcast/X: https://x.com/marginalbabbleBluesky: https://bsky.app/profile/maxdorey96.bsky.socialWebsite: https://marginalbabble.co.uk/
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