In the latest interview of the book series, we learn that one in four people went to debtors’ prison. The Poverty of Disaster is a historical account of financial insecurity in Eighteenth-Century England. Dr. Tawny Paul‘s approach to look at everyday economics and how it impacts the social and emotional lives of the English middle class leads to uncovering how incarceration and fear played a role in the precariousness of their status. This book also speaks to the economic crisis today and traces the continuities of a capitalist system.
Interview Chapters:
0:00 – Intro
0:36 – Genesis of the Book
1:49 – Book summary
3:48 – Other major findings, including debtor’s prison
https://lasocialscience.ucla.edu/wp-content/uploads/2020/09/Tawny-Paul-2.png6701188Contributorhttps://lasocialscience.ucla.edu/wp-content/uploads/2019/11/lass_logo-helvetica-281x300-1.jpgContributor2020-09-16 09:30:062020-09-16 02:12:46LA Social Science Book Series on the Poverty of Disaster with Dr. Tawny Paul
The media coverage has referenced the newly published article Dr. Fajgelbaum co-authored with Pinelopi K. Goldberg, Patrick J. Kennedy, and Amit K. Khandelwal titled, Return to Protectionism. This study is an analysis of the trade war between the United States and other countries during 2018. The current trade war began when the U.S. imposed tariffs on imported goods and in response other countries did the same to the U.S.’s imported goods. Consequently, the research reveals that this trade war has had a negative effect on the U.S. economy causing prices and costs for U.S. businesses to increase. In addition, patterns showed that counties across the U.S. that lean mostly Republican, were impacted more than others. Last year, the United States experienced a devastating loss of about $7.8 billion since the implementation of tariffs on China and other countries.
The findings from this research counters the claims President Trump has made ensuring that Americans will benefit from imposing tariffs on imported goods from other countries. The research has left many companies, and citizens outraged and fearful of the continual impact this trade war will have on the U.S.
Pablo Fajgelbaum is an Associate Professor of Economics at UCLA. He is a trade economist. His recent research includes the distributional impact of international trade and the effects of regional policies on the spatial distribution of economic activity. He has published in the Quarterly Journal of Economics, Review of Economic Studies, and Journal of Political Economy.
https://lasocialscience.ucla.edu/wp-content/uploads/2019/06/tariffs-trade-war-global-trade.jpg10801920Contributorhttps://lasocialscience.ucla.edu/wp-content/uploads/2019/11/lass_logo-helvetica-281x300-1.jpgContributor2019-06-10 17:00:402019-06-10 17:00:40UCLA Professor Fajgelbaum Examines a “Return to Protectionism” in Recent Trade Wars