Acton Institute Powerblog

Acton Line podcast: COVID-19 pandemic economics with Dr. David Hebert

The onset of the COVID-19 pandemic in early 2020 has brought with it enormous costs. These include, first and foremost, an enormous cost in the terms of human life, with more than 178,000 deaths from the coronavirus in the United States alone, and at least 814,000 deaths worldwide, as of late August 2020. But also, with the pandemic have come significant economic costs, fiscal costs, and personal costs to our happiness and quality of life.

Why is living under quarantine so hard for people? In large part it’s because, prior to the pandemic, many people have enjoyed living under a system of mostly-free markets. But when we’re robbed of our ability to work in a lockdown, we’re also robbed of part of what comprises our innate human dignity, as this pandemic takes a toll not only in the loss of human life but in the loss of community.

What can we learn from the economic cost of the coronavirus pandemic? How can economics and public choice theory help us better understand the actions of political leaders during this time? And how can entrepreneurship allowed for under free market systems innovate solutions to these problems?

In this episode, Acton’s managing director of programs Stephen Barrows speaks with Dr. David Hebert, chair of the economics department and associate professor of economics at Aquinas College, about the economics of the quarantines and lock-downs in the Covid-19.

Dr. David Hebert at Aquinas College

Why quarantine is no fun, part 1 (video) – Dr. David Hebert

Why quarantine is no fun, part 2 (video) – Dr. David Hebert

Pen and Paper Economics

Creativity will kill COVID-19 – Anne Rathbone Bradley

Rev. Robert Sirico on the church’s response to COVID-19 – Acton Line

A free-market agenda for rebuilding from the coronavirus – Henrik Rasmussen

Eric Kohn

Eric Kohn is director of communications at the Acton Institute. In that role, he works to bring Acton's vision of a free and virtuous society characterized by individual liberty and sustained by religious principles to a wider audience. Prior to joining Acton, Eric was director of community management at the Illinois Policy Institute, one of the nation's premier state-based think tanks. He was also the founder and CEO of Curious Task Strategies, a public affairs consulting firm. Eric is the leader of the Chicago chapter of America’s Future Foundation, an organization dedicated to developing the next generation of classical liberal leaders in Chicago. Along with Joe Kaiser, Eric hosts Sources with Knowledge, which airs Sundays at 3pm on News/Talk 560 The Answer in Chicago and is available on numerous podcast feeds. He previously hosted The Eric Kohn Program on 1530-AM WJJG, and has guest-hosted the nationally syndicated The Guy Benson Show, Illinois Watchdog Radio on Cities 92.9FM in Bloomington-Normal, and Chicago’s Morning Answer on News/Talk 560 The Answer. He has appeared as a commentator on Beyond the Beltway with Bruce DuMont, Extension 720 with Milt Rosenberg, The Michael Koolidge Show, WTTW’s Chicago Tonight, and numerous news broadcasts in the Chicagoland area. Eric’s writings have appeared in the Chicago Sun-Times, the Belleville News-Democrat and other publications. Eric grew up in Belleville, Ill., and is a graduate of Millikin University in Decatur, Ill.