Episodes
Thursday Sep 24, 2020
Episode 111: Plate Tectonics
Thursday Sep 24, 2020
Thursday Sep 24, 2020
An introduction to the theory of plate tectonics, beginning with an overview of the internal structure of Earth, the differences between oceanic and continental crust, subduction and other forms of plate boundaries, the formation of volcanic arcs, the origin of the Earth's magnetic field, and the mechanisms underlying tectonic plate movement. The episode concludes with a summary of the varies lines of evidence in favour of continental drift, including seafloor spread, biogeography, and polar wandering. Recommended prelistening is Episode 74: Minerals and Rocks.
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Sunday Aug 30, 2020
Episode 110: Weather Part II
Sunday Aug 30, 2020
Sunday Aug 30, 2020
Building on the basic concepts discussed in the previous episode, this episode examines the formation and development of a wide range of weather phenomena, including air fronts, midlatitude cyclones, tropical cyclones, thunderstorms, and tornadoes. Recommended pre-listening is Episode 109: Weather Part I.
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Sunday Aug 02, 2020
Episode 109: Weather Part I
Sunday Aug 02, 2020
Sunday Aug 02, 2020
An introduction to key concepts relevant to understanding weather, including relative and absolute humidity, atmospheric stability, cloud formation and classification, types of precipitation, and the formation and classification of air masses. Recommended pre-listening is Episode 90: Climate Systems.
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Wednesday Jul 01, 2020
Episode 108: Political Institutions and Sustained Economic Growth
Wednesday Jul 01, 2020
Wednesday Jul 01, 2020
In this sixth and final part in our series on economic growth and development, I discuss in more detail some of the key institutions necessary for economic growth to begin, focusing on property rights, enforcement of contracts, and control of corruption. I review the importance of these institutions in the context of historical case studies of countries ranging from the Soviet Union to Mexico, and outline how the most critical institutions vary with the level of development, giving rise to a middle income trap. I also discuss the Washington Consensus and critically analyse the arguments of critics that such institutional reform is not essential for growth. I conclude with a summary of all we have learned and discussed throughout the growth series. The recommended pre-listening is Episode 107: Economic Growth and Development Part V.
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Monday Jun 15, 2020
Episode 107: Cultural, Geographic, and Political Explanations of Poverty
Monday Jun 15, 2020
Monday Jun 15, 2020
In this fifth part of our series on economic growth and development, I examine the major factors that have been advanced as explaining differences in growth outcomes between countries. I provide a summary of the arguments and evidence for and against the importance of culture, dependency, democracy, geography, education, and institutions in accounting for differential growth outcomes, and conclude with a comparative empirical analysis in which I argue that institutional differences explain the majority of growth differences. The Recommended pre-listening is Episode 106: Economic Growth and Development Part IV.
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Sunday May 31, 2020
Episode 106: Theories of Economic Growth and Development
Sunday May 31, 2020
Sunday May 31, 2020
In this fourth part of our series on economic growth and development, I outline the major theories of economic development developed over the past sixty years. I trace the development of such theories beginning with the Harrod-Domar theory, and proceeding through the Solow-Swan model, the Ramsey model, Romer's spillovers model, and endogenous growth theory, in each case discussing their key features, and analysing their strengths and weaknesses. The episode concludes with a brief survey of a range of more recent growth models focusing on modelling coordination failures and poverty traps, emphasising the work of Daron Acemoglu on economic institutions. The Recommended pre-listening is Episode 105: Economic Growth and Development Part III.
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Saturday May 16, 2020
Special Episode: Mario Livio on Galileo
Saturday May 16, 2020
Saturday May 16, 2020
Astrophysicist Mario Livio joins me to discuss his latest book 'Galileo and the Science Deniers', which chronicles the scientific discoveries of Galileo Galilei and how his advocacy of the heliocentric theory led him into confrontation with the Pope. Our conversation covers the significance of Galileo's discovers, the strengths and weaknesses of his case for the heliocentric theory, his role in establishing the modern scientific method, and what we can learn from this episode in history about the importance of intellectual freedom and science communication in the present day.
Check out Mario's book on Amazon.
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Thursday Apr 30, 2020
Episode 105: Agriculture, Urbanisation, and Structural Change
Thursday Apr 30, 2020
Thursday Apr 30, 2020
In this third part of the series on economic growth, I discuss the process of structural change as economies progress from underdeveloped to developed, beginning with an overview and historical analysis of Rostow's Stages of Growth model. I then discuss the structures of agricultural production around the world, focusing on barriers to adoption of more modern agricultural techniques and proposed reforms, such as adoption of cash crops, land reform, and improving the security of land tenure. I conclude with an analysis of the benefits and problems associated with urbanisation, incorporating a discussion of agglomeration economies, spillover effects, urban gigantism, and the informal urban sector. Recommended pre-listening is Episode 104: Economic Growth and Development Part II.
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Monday Apr 13, 2020
Episode 104: The History of the World Economy and Growth
Monday Apr 13, 2020
Monday Apr 13, 2020
In the second part of our series on economic growth and development, I provide a brief history of the world economy, beginning with the key features of premodern economies and the Malthusian trap. I then outline critical developments and points of debate in subsequent economic history, including the Great Divergence, the First and Second Industrial Revolutions, the Great Depression and era of central planning, the Bretton Woods era and the gold standard, and the modern period of neoliberalism and globalisation. Recommended pre-listening is Episode 103: Economic Growth and Development Part I.
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Tuesday Mar 31, 2020
Episode 103: Introduction to Economic Growth and Global Poverty
Tuesday Mar 31, 2020
Tuesday Mar 31, 2020
In this the first in an eight-part series covering the causes of economic growth and development, I provide an introduction to the key concepts of absolute and relative poverty, different theories of development, and how GDP is defined and measured. I also discuss the differences between rural and urban poverty, give an overview of the different levels of development of various countries around the world, and outline some of the major methodological challenges in studying causes of economic growth around the world. Recommended pre-listening is Episode 12: The Price System, and Episode 56: The Gains from Trade.
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