Transforming Tomorrow What’s the Economy got to do with Me?
What do you think of the economy? What would you do if you couldn’t afford insurance? What does a thriving community look like? And how can economic policy help that flourishing? These are all key questions when it comes to addressing societal equality and resilience.
Susan Murray is Director of the David Hume Institute, an Edinburgh-based economics-focused thinktank – despite not classing herself as an economist.
She joins us to talk about the importance of diversity in economic thinking, how resources are allocated across society, the changing nature of migration over the last 40 years, and three major projects the David Hume Institute is involved in.
We discuss the importance of local communities and place in contributing to shaping action and policy, how to reach and include ‘normal people’ in otherwise ignored places, the importance of recognising what we all have in common, and what it actually means to be thriving.
Susan introduces us to the Great Risk Transfer, how people consider risk in their own lives, the importance of having resources to manage those risks, and why people don’t always trust organisations such as insurance providers.
We look at public attitudes towards the economy and how they change; what people wanting to save rather than spend can tell us; and how economic and sustainability issues tie in with politics at a national level.
Plus, we discover how sustainability became a part of Susan’s life when she was young – via the media of Blue Peter and Raymond Briggs, the cause of Save the Whales, and under the threat of nuclear war.
And finally, we ask the important questions: When is an economist not an economist? What’s the difference between an accountant and an economist? Do accountants and economists ever walk into bars together? To hear if we ever get to the punchlines of these and other bad economics jokes, listen in.
To find out more about the David Hume Institute, visit: https://davidhumeinstitute.org/