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The Long Economic Shadow of World War II in Europe

The Long Economic Shadow of World War II in Europe

Released Friday, 1st October 2021
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The Long Economic Shadow of World War II in Europe

The Long Economic Shadow of World War II in Europe

The Long Economic Shadow of World War II in Europe

The Long Economic Shadow of World War II in Europe

Friday, 1st October 2021
Good episode? Give it some love!
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In this episode, we chat with Prof. Tamás Vonyó about the long run variation in the impact of World War II across a range of European economies. We begin with discussing the comparative wartime destruction across regions (using Tamás' "5 D's") and then move on to contrast the growth experiences of Western Europe and Eastern Europe with these initial starting points in mind. We also revisit the 1980s collapse of the Eastern Bloc and reconsider the role of factor inputs as a cause of socialism's failure, as an alternative to the traditional narrative, which places the blame on productivity/innovation deficiencies.

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