What is economic growth, and what happens if there isn’t any? And what does that GDP figure stand for? Tim Harford explains how and why we measure everything.
If the economy stops growing, that could mean things like job cuts, so measuring what’s going on is crucial. In this episode Tim Harford explains how the economy is measured and what is missed out. Economic historian Victoria Bateman tells us why people first started to measure this in the first place. Spoiler alert…. it’s to do with war!
Everything you need to know about the economy and what it means for you. This podcast will cut through the jargon to bring you clarity and ensure you finally understand all those complicated terms and phrases you hear on the news. Inflation, GDP, Interest rates, and bonds, Tim Harford and friends explain them all. We’ll ensure you understand what’s going on today, why your shopping is getting more expensive or why your pay doesn’t cover your bills. We’ll also bring you surprising histories, from the war-hungry kings who have shaped how things are counted today to the greedy merchants flooding Spain with silver coins. So if your eyes usually glaze over when someone says ‘cutting taxes stimulates growth’, fear no more, we’ve got you covered.
Guest: Dimitri Zenghelis, Grantham Research Institute on Climate Change and the Environment, London School of Economics
Producer: Phoebe Keane
Researchers: Drew Hyndman and Marianna Brain
Editor: Clare Fordham
Theme music: Don’t Fret, Beats Fresh Music
A BBC Radio Current Affairs Production for BBC Radio 4
The UK Election: 10. What happens on election day?
The UK Election: 9. How does the election differ across the UK?
The UK Election: 8. What’s the media’s role in an election?
The UK Election: 7. What can polling predict?
The UK Election: 6. How important are marginal seats?
The UK Election: 5. How do you make sure voting runs smoothly?
The UK Election: 4. Why do people vote the way they do?
The UK Election: 3. What difference does a manifesto make?
The UK Election: 2. How are candidates selected?
The UK Election: 1. How do you get the campaign right?
The US Election: 5. Becoming President
The US Election: 4. The General Election
The US Election: 3. The TV Debates
The US Election: 2. The Campaign Trail
The US Election: 1. Primaries, Caucuses and the National Conventions
Israel and the Palestinians: 5. The USA and Iran
Israel and the Palestinians: 4. The neighbours
Israel and the Palestinians: 3. Hamas
Israel and the Palestinians: 2. Israel
Israel and the Palestinians: 1. The Palestinians
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