This Is How Prejudice Can Hinder the Economy
Odd Lots31 Des 2020

This Is How Prejudice Can Hinder the Economy

Economics is all about improving living standards, but rarely does the dismal science deal with social justice or talk about how a lack of it could actually hinder growth. In this episode, UBS Global Chief Economist Paul Donovan discusses how prejudice and labor markets are intertwined, and why discrimination can restrict development. Donovan describes how historical technological advances have often increased racism, sexism and other forms of prejudice as people sought out scapegoats to blame for lost jobs and wealth. He also describes how the current 'fourth industrial revolution' is fomenting more blame, and what economists can do about it.

Odd Lots listeners are eligible for a 25% discount on the hardback or eBook edition of Paul Donovan’s new book, Profit and Prejudice: The Luddites of the Fourth Industrial Revolution, via the Routledge website by using the offer code “OL25” at checkout.

See omnystudio.com/listener for privacy information.

Episoder(1182)

60: These Were the Most Interesting Stories of 2016

60: These Were the Most Interesting Stories of 2016

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23 Des 201631min

59: What Sneakers Can Tell You About How Financial Markets Work

59: What Sneakers Can Tell You About How Financial Markets Work

One of our favorite topics here at Odd Lots is market structure. On multiple occasions, for example, we've talked about how trading bonds is fundamentally different than trading stocks. This week our ...

16 Des 201626min

58: Ignore Investing's Mathematical Underpinnings at Your Peril

58: Ignore Investing's Mathematical Underpinnings at Your Peril

What's the optimum amount of money you should bet on a particular outcome? The answer is dictated by mathematics, yet plenty of people still go against the laws of numbers and probabilities when it co...

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57: Was November the Start of a Huge Turning Point In Markets?

57: Was November the Start of a Huge Turning Point In Markets?

Something huge happened in November. No, we're not talking about the U.S. presidential election. We mean the worst month in history for the the Bloomberg Barclays Global Aggregate Total Return Index, ...

2 Des 201626min

56: How To Launch Your Own Form Of Money

56: How To Launch Your Own Form Of Money

By now you've probably heard of Bitcoin. But Bitcoin isn't the only digital currency. In fact, there are hundreds of "altcoins" out there, all of which are different from Bitcoin in varying degrees. O...

25 Nov 201624min

55: Here Are The Signs That A Civilization Is About To Collapse

55: Here Are The Signs That A Civilization Is About To Collapse

All great civilizations eventually collapse. It's inevitable. So what are the signs of their demise? On the latest edition of Odd Lots, we speak with Arthur Demarest, a professor at Vanderbilt Univers...

18 Nov 201628min

54: How Trump Did Something Yellen, Draghi Could Only Dream Of

54: How Trump Did Something Yellen, Draghi Could Only Dream Of

There's a lot to process from last week's U.S. election. One surprising thing already is the market reaction. Equities surged following the vote, and interest rates are sharply higher. Market measures...

11 Nov 201627min

53: Why We Stopped Trusting Experts

53: Why We Stopped Trusting Experts

One could argue that "expert" has become a bad word. People routinely roll their eyes at the advice of experts and sometimes mock them. Perhaps nowhere is this more clear than the Federal Reserve. In ...

4 Nov 201630min

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