Friday Jun 23, 2023

The Great Economists: How can their ideas help us today? - Dr Linda Yueh

Linda Yueh is an economist, broadcaster, and author. She is an Adjunct Professor of Economics at London Business School and a Fellow in Economics at St Edmund Hall, Oxford University.

In this episode we are fortunate enough to spend some time with Linda discussing the biggest economic challenges of our time. Chris Caldwell asks how these challenges are exacerbated in the face of climate change, including the cost of adaptation, the transition to a low-carbon economy, and we discuss the impact of climate change on inequality.

We focus on theses challenges throughout lens of Linda’s latest book: The Great Crashes: Lessons from Global Meltdowns and How to Prevent Them. She argues that financial crises are not inevitable, but they can be prevented by understanding the underlying causes and taking steps to mitigate the risks.

THE GREAT CRASHES has been praised by economists and financial journalists alike. The Financial Times called it "a timely and important book" and The Economist said it was "a valuable contribution to the debate about financial crises."

Chris also talks to Linda about her best seller, THE GREAT ECONOMISTS, and about which of those great economic thinkers would she believe is most influential on the way we deal with climate and its impact on the world economy.

Dr. Yueh is a frequent commentator on economics and finance in the media. She has appeared on BBC Radio 4, CNN, and CNBC.

"…sometimes things happen … but I think just being prepared, being open … stay curious, always wanting to learn. But also, … what made the great economist great is that they were always engaged with the big issues of the day, even if it wasn't easy, even if it was messy, even if it wasn't quantitatively as neat as their models."

"…the amount of the amount of progress with setbacks that we have seen, you know, always makes me optimistic … that we've seen challenges before, some of which have been horrific challenges … and we have come through it."

REFERENCES:

www.lindayueh.com/books

https://www.london.edu/faculty-and-research/faculty-profiles/y/yueh-l

https://www.ft.com/content/7f157d15-9bc2-41c9-bde4-7c8eb95026c8

Conversations on Climate is a podcast produced by United Renewables in association with the London Business School Energy Alumni Club.

It brings together the best minds from academia and business, to offer their experience and expertise in the face of climate change –from game theorists to corporate diplomats, and oil industry veterans to micro-algae entrepreneurs.

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We talk about how the scope of the challenge before us is beyond that of any one individual or any one solution. We listen to thinkers, researchers, policymakers, and business leaders. They discuss a diversity of ideas and solutions to global climate and environmental issues and why they matter.

Season 2 is presented by Chris Caldwell and produced by UNITED RENEWABLES in association with LONDON BUSINESS SCHOOL, ALUMNI ENERGY CLUB.

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The Great Economists: How can their ideas help us today? - Dr Linda Yueh

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