Economics Nobel Prize winner Angus Deaton, co-author (wit Anne Case) of "Deaths and Despair and the Future of Capitalism, on the covid-19 crisis.
Note this in particular on why recessions *reduce* rather than increase mortality rates.
bcf.princeton.edu/event-director…
Note this in particular on why recessions *reduce* rather than increase mortality rates.
bcf.princeton.edu/event-director…
There are still journalists uncritically repeating this zombie claim:
"If lockdown leads to a fall in GDP of more than 6.4%, more years of life will be lost due to recession than will be gained through beating the virus."
It's junk. Please stop.
thetimes.co.uk/article/econom…
"If lockdown leads to a fall in GDP of more than 6.4%, more years of life will be lost due to recession than will be gained through beating the virus."
It's junk. Please stop.
thetimes.co.uk/article/econom…
PS For those interested in what economics/economists can usefully say about the pandemic, I highly recommend watching the entire Deaton presentation. Link again:
bcf.princeton.edu/event-director…
bcf.princeton.edu/event-director…
