Richard Davies on Extreme Economies

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4.7 • 4.3K Ratings

🗓️ 9 March 2020

⏱️ 125 minutes

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Summary

Economist and author Richard Davies talks about his book Extreme Economies with EconTalk host Russ Roberts. The conversation explores economic life in extreme situations. Examples discussed are the Angola State Penitentiary in Louisiana, two Syrian refugee camps in Jordan, the rain forest in the Darien Gap in Panama, and Kinshasa, the largest city in the Democratic Republic of Congo. This is an economic and journalistic tour de force as Davies shares insights from his encounters with people around the world struggling to trade and prosper in extreme environments.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:08.0	I'm your host, Russ Roberts of Stanford University's Hoover Institution.
0:12.0	Our website is econtalk.org, where you can subscribe, comment on this podcast,
0:17.0	and find links and other information related to today's conversation.
0:21.0	We'll also find our archives where you can listen to every episode we've ever done going back to 2006.
0:27.0	Our email address is mailadycontalk.org. We'd love to hear from you.
0:33.0	Today is January 9, 2020. My guest is economist and author Richard Davis,
0:38.0	and that is spelled DAV-I-E-S for you Googlers at home.
0:43.0	He is a fellow at the London School of Economics,
0:46.0	has held senior post and economic policy making in journalism.
0:49.0	He's been share with the Council of Economic Advisors at the UK's Treasury Department
0:54.0	and economist and speechwriter at the Bank of England and economics editor of the economist.
0:58.0	He is the author of extreme economies.
1:02.0	What life at the world's margins can teach us about our own future. Richard, welcome to Econ Talk.
1:09.0	Thank you. It's great to be here.
1:11.0	Part of what we're going to be talking about in this episode,
1:14.0	maybe a lot of what we're going to be talking about is related to some previous episodes.
1:17.0	And I just want to mention those at the top,
1:19.0	and I encourage listeners to check these out as well.
1:21.0	We will link to them on the page for this episode.
1:24.0	It's related to how markets can emerge in seemingly impossible situations.
1:30.0	Sometimes work quite well, sometimes not so well.
	...

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