The Long Economic Shadow of World War II in Europe

The Economic History Podcast | 1 October 2021 | 0h 59m | Listen Later | iTunes | Spotify
Interview with Tamás Vonyó arguing that the long-run variation in the postwar performance of European economies is mainly due to the deleterious effects of WWII rather than communism versus market economies. Discusses the comparative wartime destruction across regions using his “5 D’s” framework; contrasts the growth experiences of Western Europe and Eastern Europe with these initial starting points; revisits the 1980s collapse of the Eastern Bloc, reconsidering the role of factor inputs as a cause of socialism’s failure rather than productivity/innovation deficiencies.

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