The Great Covid Panic

Professor Gigi Foster in conversation with Professor Simon Haines.

In this seventh Ramsay Lecture for 2021, Professor Gigi Foster joins Ramsay Centre CEO, Professor Simon Haines, in discussion on The Great Covid Panic: What Happened, Why, and What To Do Next.

The lecture and subsequent discussion delve into questions raised in a recently released book Professor Foster co-authored on the subject.

In this book and her lecture, Professor Foster argues that Australia succumbed to global panic over COVID-19 in 2020, ignoring pandemic management plans, which ‘sensibly did not call for wholesale lockdowns of healthy populations’.

‘There was no cost benefit analysis proving or at least estimating that lockdowns would deliver net benefits in terms of human welfare, in terms of human thriving,’ she says. ‘And at the same time, we saw and knew the pain that was going to be created, that already had been created, and that would stay with us for years to come, from the actions we were taking. And that pain was going to be mainly felt by those who were initially already disadvantaged.’

Should COVID-19 have been handled differently? Would we approach it the same way again?

Join us for this important discussion

Professor Gigi Foster

Gigi Foster is a Professor and the Director of Education with the School of Economics at the University of New South Wales Business School, having joined UNSW in 2009 after six years at the University of South Australia. Formally educated at Yale University (BA in Ethics, Politics, and Economics) and the University of Maryland (PhD in Economics), she works in diverse fields including education, social influence, corruption, lab experiments, time use, behavioural economics, and Australian policy. Her research contributions regularly inform public debates and appear in both specialised and cross-disciplinary outlets (e.g., Quantitative Economics, Journal of Economic Behavior and Organization, Journal of Population Economics, Journal of Economic Psychology, Human Relations). Her teaching, featuring strategic innovation and integration with research, was awarded a 2017 Australian Awards for University Teaching (AAUT) Citation for Outstanding Contributions to Student Learning. Named 2019 Young Economist of the Year by the Economic Society of Australia, Professor Foster has filled numerous roles of service to the profession and engages heavily on economic matters with the Australian community, including most recently in regard to Covid policy. Amongst other service roles, she co-founded and runs the Consortium for Inclusive Economics Education at UNSW. As one of Australia’s leading economics communicators, Professor Foster writes for both the academic and the popular press and is regularly interviewed on mainstream television and radio programs across the country, and quoted in national print media, about economic matters. Her regular media appearances include co-hosting The Economists, a national economics talk-radio program and podcast series now in its fifth season, with Peter Martin AM on ABC Radio National.

 

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