Hiding the elephant: The tragedy of COVID policy and its economist apologists
In 2020 and 2021, the world witnessed policies that caused enormous net damage to most countries. We demonstrate the usefulness of the new WELLBY currency in gauging the costs and benefits of COVID policies and review the contributions of Australian economists to the scholarly and public debates abo...
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| Veröffentlicht in: | Australian economic papers 2024-03, Vol.63 (1), p.106-144 |
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| container_end_page | 144 |
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| container_title | Australian economic papers |
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| creator | Foster, Gigi Frijters, Paul |
| description | In 2020 and 2021, the world witnessed policies that caused enormous net damage to most countries. We demonstrate the usefulness of the new WELLBY currency in gauging the costs and benefits of COVID policies and review the contributions of Australian economists to the scholarly and public debates about these policies. Our analysis documents the value of what was destroyed, the weak resistance mounted by the Australian economics profession during this period, and the role played by many Australian economists as apologists for what we view as Australia's most catastrophic peacetime economic policy failure. We close with ideas for working towards a better future. |
| doi_str_mv | 10.1111/1467-8454.12293 |
| format | Article |
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| ispartof | Australian economic papers, 2024-03, Vol.63 (1), p.106-144 |
| issn | 0004-900X 1467-8454 |
| language | eng |
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| source | Wiley Online Library Journals Frontfile Complete |
| subjects | Australia COVID-19 Economic policy Economics economics profession Economists Health care policy health policy Tragedy Usefulness welfare WELLBY |
| title | Hiding the elephant: The tragedy of COVID policy and its economist apologists |
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