In Economics Explored Episode 108, energy and climate change policy expert Tony Wood from the Grattan Institute explains what COP26, the 2021 climate change conference in Glasgow, is all about and why it’s important. Tony discusses what Net Zero emissions means exactly, the prospects for nuclear energy, and implications for fossil fuel (e.g. coal) dependent economies.
About this episode’s guest – Tony Wood AM
Tony Wood is Program Director for Energy and Climate Change at the Grattan Institute, a leading Australian public policy think tank. Tony has been a Program Director at Grattan since 2011 after 14 years working at Origin Energy in senior executive roles.
From 2009 to 2014 he was also Program Director of Clean Energy Projects at the Clinton Foundation, advising governments in the Asia-Pacific region on effective deployment of large-scale, low-emission energy technologies. In 2008, he was seconded to provide an industry perspective to the first Garnaut climate change review.
In January 2018, Tony was awarded a Member of the Order of Australia in recognition of his significant service to conservation and the environment, particularly in the areas of energy policy, climate change and sustainability. In October 2019, Tony was elected as a Fellow to the Australian Academy of Technology and Engineering.
Thanks to the show’s audio engineer Josh Crotts for his assistance in producing the episode.
Please get in touch with any questions, comments and suggestions by emailing us at contact@economicsexplored.com. Economics Explored is available via Apple Podcasts, Google Podcast, and other podcasting platforms.
A Texas physician, university lecturer in medicine, and affiliate of a free market think tank Gilbert Berdine MD explains why he thinks COVID lockdowns have been “a disaster” and why he does not support vaccine mandates.
At a time when the COVID pandemic continues, and cities such as Sydney and Melbourne remain locked down, Gilbert Berdine MD from Texas Tech University Health Sciences Center shares his views on lockdowns and vaccine mandates with show host Gene Tunny. The conversation also explores Dr Berdine’s views on regulations regarding vaping or e-cigarettes.
About this episode’s guest – Gilbert G. Berdine MD
Associate Professor of Internal Medicine, Texas Tech University Health Sciences Center, Lubbock, TX
Faculty Affiliate, Free Market Institute, Lubbock, TX
Dr. Berdine earned his B.S. degrees in chemistry and life sciences from the Massachusetts Institute of Technology in Cambridge, MA and his M.D. degree from Harvard University School of Medicine in Boston, MA. He completed residency in Internal Medicine and fellowship in Pulmonary Diseases at the Peter Bent Brigham Hospital (now called Brigham and Women’s Hospital) in Boston, MA.
Dr. Berdine was a faculty member at the University of Texas Health Sciences Center in San Antonio from 1983-1989. He was in the private practice of medicine from 1989-2009 when he returned to academia as a faculty member of TTUHSC.
Dr. Berdine’s current teaching activities include lecturer for the respiratory blocks in the 1st year Major Organ Systems course and the 2nd year Systems Disorders 1 course. His clinical duties include staff attending physician for the inpatient Pulmonary Consult Service, inpatient Internal Medicine Floor Service, and the outpatient Pulmonary Fellow Clinic. He also sees patients in the Pulmonary Clinic for Texas Tech Physicians.
Dr. Berdine’s research interests include the application of Austrian Economics to health care delivery and consumption. Dr. Berdine has published articles on these topics in peer reviewed journals and is a contributor to the Mises Daily Wire and the American Institute of Economic Research.
Correspondence from Dr Berdine on COVID mortality rates
…the mortality rate has a range of over 1000:1 depending on your age. The average mortality is heavily determined by the number of people over age 80 in the population.
Based on latest census data and current CDC figures for COVID deaths
So, for 35 and younger, the cumulative mortality including the overcounting is less than 1/10,000. If one looks at annual mortality, the figure for Under 45 including overcounting is likely less than 1/10,000. If one adjusts modestly for overcounting, the figure for Under 55 is likely less than 1/10,000.
Please get in touch with any questions, comments and suggestions by emailing us at contact@economicsexplored.com. Economics Explored is available via Apple Podcasts, Google Podcast, and other podcasting platforms.
Economics Explored EP105 considers the persistence of bad social norms such as female genital mutilation (FGM). Show host Gene Tunny speaks with University of Queensland Lecturer (i.e. Assistant Professor) Dr David Smerdon about his experimental research on social norms, including fieldwork in Africa relating to FGM.
About this episode’s guest – Dr David Smerdon
Dr David Smerdon is a Lecturer in the University of Queensland School of Economics. He primarily works in behavioral and development economics. His research involves theory and modelling, experiments in the lab and field, and microeconometric analysis in order to investigate topics at the intersection of these fields.
David earned his PhD from the Tinbergen Institute and the University of Amsterdam (UvA) as a General Sir John Monash scholar, and afterwards worked as a PODER fellow at Bocconi University in Milan. Prior to his academic career, David spent three years working for the Australian Department of Treasury as a policy analyst. Aside from economics, David is also a chess Grandmaster and has represented Australia at seven chess Olympiads.
Victimless crimes arguably include drug possession, prostitution, and many other offences. Highly experienced criminal lawyer Marc J. Victor says victimless crimes are not really crimes at all. Decriminalising these offences would avoid the huge economic and social costs related to prosecuting and imprisoning people who commit victimless crimes.
On Economics Explored we’ve previously discussed the large economic and social costs that arise from criminalising drugs such as cannabis. In episode 104, show host Gene Tunny discusses the broader concept of victimless crimes with a highly-experienced lawyer, Marc J. Victor, President and Managing Partner of Attorneys for Freedom.
About this episode’s guest – Marc J. Victor
Marc J. Victor is President and Managing Partner of Attorneys for Freedom. He is a certified Criminal Law Specialist in Arizona and is admitted to practise in Arizona and Hawai’i. Over nearly three decades, Marc has represented clients in more than a thousand major felony cases.
As a long-time freedom activist, Marc is regularly invited to speak to audiences across Arizona on a variety of issues including ending the drug war, the rights of gun owners, the free market, criminal justice issues as well as a variety of other criminal law related issues. Most recently, Marc has spoken on the Live and Let Live Principle, the foundation upon which he has established The World’s Only Real Peace Movement (www.liveandletlive.org).
Marc has been quoted locally, nationally and internationally on radio, television, in print and in person as a legal commentator and expert on many local and national cases. He was an expert legal commentator for local NBC 12 News for the Jodi Arias case. Marc and firm partner Andrew Marcantel host The Peace Radicals Podcast with a new episode every Friday. The Peace Radicals is available on most streaming platforms including Apple Podcasts and Spotify and is also available to watch on YouTube.
In Economics Explored Episode 103, Dr Michael Edelstein explains why Ayn Rand’s concept of self-esteem is unreasonable and unhelpful. Program host Gene Tunny asks Michael to explain his Three Minute Therapy approach, which is solidly based in Rational Emotive Behavior Therapy (REBT).
About Dr Michael Edelstein
Michael R. Edelstein, Ph.D., has an in-person and telephone therapy practice in San Francisco. He is the author of Three Minute Therapy, a self-help book for overcoming common emotional and behavioral problems, for which he has been awarded Author of the Year. The book was a Quality Paperback Book Club/Book-of-the-Month Club Selection, a Behavioral Sciences Book Service Book Club Selection, and an Albert Ellis Institute Selection. His 2009 book, Stage Fright, includes interviews with Robin Williams, Jason Alexander, Melissa Etheridge, Maya Angelou, and others, relating their personal experiences and wisdom in coping with performance anxiety.
Nobel Prize winner Kenneth Arrow proved a startling theorem in his PhD thesis. Arrow’s Impossibility Theorem raises big questions about democratic decision making. Episode 102 of Economics Explored features a conversation regarding what it means and how much it should concern us. University of Queensland Senior Lecturer Dr Priscilla Man discusses Arrow’s Impossibility Theorem with Economics Explored host Gene Tunny.
In these times of intense debate over COVID-19 and climate change policies, it is important to ask what theories and evidence we can trust – i.e. how do we know what’s true or why trust science? In Episode 101, Economics Explored host Gene Tunny tackles this topic with returning guest Tim Hughes in a first instalment of what will probably end up being a multi-episode conversation.
Governments around the world are experimenting with various incentives such as cash and free beer to encourage vaccinations against COVID-19. Episode 100 explores what an optimal incentive could look like.
1. Rewards (incentives) could be in the form of payments to each vaccinated individual, and eligibility to win a significant lottery prize and smaller prizes.
2. The incentives would only be payable if a specified national vaccination rate is met by a specified due date. Incentives would not be paid prior to the due date. This approach creates a focus on the objective – which is to maximise the national vaccination rate. Rewarding individuals for being vaccinated without recognising the national objective will fail to promote community based actions to increase vaccination rates.
About this episode’s guest
Isaac Katz is a Director of Harding Katz Pty Ltd, a small consulting practice based in Melbourne specialising in utility regulation, energy market reform, business strategy and applied economics.Isaac was previously a Senior Manager with Cap Gemini Ernst & Young in Melbourne from October 1997 to September 2001. He has provided economic and regulatory advice to regulators, Government and regulated businesses on a wide range of strategy and policy issues.
Prior to moving to Australia, Isaac worked as a senior economic assistant for the UK electricity regulator (now Ofgem); and as a pool price analyst for a regional electricity company. Isaac also worked as an economist for Railtrack plc, focusing on aspects of the regulatory framework prior to and immediately after privatisation.
Isaac has a Master of Arts, Economics, from Cambridge University and a Master of Science, Business Economics, from Strathclyde University.
The European Union intends to impose a carbon border tax and the US is also considering one. What’s the justification for a carbon border tax and what could it mean for international trade? Episode 99 of Economics Explored features a conversation regarding the European Union’s proposed Carbon Border Adjustment Mechanism (CBAM), i.e. a carbon border tax, between show host Gene Tunny and his colleague Ben Scott, Research Officer at Adept Economics.
In Risk and the State, Professor Phillip LeBel argues the political legitimacy of governments worldwide is “under trial from questions of borders and national identity, from rising economic inequality, from the way in which information is gathered, managed, and disseminated, and from varying perceptions of risk.”
Phillip LeBel is Emeritus Professor of Economics at Montclair State University, NJ. With a career combining academic research and teaching with professional consulting, Professor LeBel has accumulated a record of economic expertise in a variety of domestic and international fields. Over the years, he has lived in and/or worked in 30 countries, including Africa, East Asia, Central America, and Latin America.