Economics Out Loud

Although the influence of the past diminishes over time, even such seemingly distant events as serfdom and slave labor continue to affect our lives today. A striking example of this is the Black Lives Matter movement in the U.S. How do events of the past influence our lives today? Are we still experiencing the legacy of serfdom? And how much longer will it haunt us? These and other issues will be discussed in the New School of Economics podcast, "Economics out Loud,” by Andrei Markevich, a professor at the New School of Economics and co-director of the joint bachelor's degree program at the New School of Economics and Higher School of Economics.

The economy has just begun to recover from the coronavirus crisis, but it is not out of the woods. How can we take away the life-support system without threatening the fragile recovery — but also without creating problems with monetary injections that are too big and cause a monetary glut? This is a crucial problem for central banks and governments. There is no simple answer. But we'll look for an answer with Professor Konstantin Egorov from the New Economics School and Professor Oleg Vyugin from the Higher School of Economics in the new edition the podcast "Economics Out Loud" from the New Economics School.

They call it natural riches for a reason. If Mother Nature was generous to a country, it seems that its people have nothing to worry about – they will thrive. But reality brings this vision to the ground: often, the more commodities a country has, the slower its economy grows. Some resource dependent countries manage to improve situation by diversifying their economies. Others succeed in becoming wealthy without much diversification. How, you may ask. Is the resource curse real? Why does it weigh upon some countries but fails to prevent development of others? It is about more than economy itself, argues in ‘Economics Out Loud' podcast Gerhard Toews, professor of the New Economic School, who specializes in natural resource economics. The podcast special guest Vladimir Drebentsov, chief advisor to the director general of the Russian Energy Agency and former chief economist for Russia and CIS in BP, presents his opinion on how Russia can participate in the energy transition that can rip it off significant part of the oil and gas revenues.