Economics is all about improving living standards, but rarely does the dismal science deal with social justice or talk about how a lack of it could actually hinder growth. In this episode, UBS Global Chief Economist Paul Donovan discusses how prejudice and labor markets are intertwined, and why discrimination can restrict development. Donovan describes how historical technological advances have often increased racism, sexism and other forms of prejudice as people sought out scapegoats to blame for lost jobs and wealth. He also describes how the current 'fourth industrial revolution' is fomenting more blame, and what economists can do about it.

Odd Lots listeners are eligible for a 25% discount on the hardback or eBook edition of Paul Donovan’s new book, Profit and Prejudice: The Luddites of the Fourth Industrial Revolution, via the Routledge website by using the offer code “OL25” at checkout. 

Economics is all about improving living standards, but rarely does the dismal science deal with social justice or talk about how a lack of it could actually hinder growth. In this episode, UBS Global Chief Economist <a href="https://twitter.com/pdonovan_econ">Paul Donovan</a> discusses how prejudice and labor markets are intertwined, and why discrimination can restrict development. Donovan describes how historical technological advances have often increased racism, sexism and other forms of prejudice as people sought out scapegoats to blame for lost jobs and wealth. He also describes how the current 'fourth industrial revolution' is fomenting more blame, and what economists can do about it.Odd Lots listeners are eligible for a 25% discount on the hardback or eBook edition of Paul Donovan’s new book, <a href="https://www.routledge.com/Profit-and-Prejudice-The-Luddites-of-the-Fourth-Industrial-Revolution/Donovan/p/book/9780367566777">Profit and Prejudice: The Luddites of the Fourth Industrial Revolution,</a> via the Routledge website by using the offer code “OL25” at checkout.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Tuesday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

On Bloomberg&rsquo;s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

This Is How Prejudice Can Hinder the Economy

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c04948fd-1e45-4789-8b3b-ae270047eca9/transcript