Paul Romer, Nobel Laureate, discusses the coronavirus pandemic with host Russ Roberts. He argues that the status quo of shutdown and fear of infection is unsustainable. Returning to normal requires an inexpensive, quick, and relatively painless test. The challenge is in relaxing certain regulations and then creating a supply chain of production and availability. Romer then explains how such a test could ease a return to something like normalcy for many sectors of the economy. The conversation concludes with a discussion of the dynamics of the labor market in the current situation.

In this episode, Dr. Jessica Mason, Dr. Melvis Herbert, and, well, just Dave, cut through the Corona craziness and bring you the latest in COVID-19 news, medical science, and cocktail recipes. Wash your hands, grab your headphones, and enjoy.

What happens if you get infected with the coronavirus? Who's most at risk? How can you protect yourself? Public health expert David Heymann, who led the global response to the SARS outbreak in 2003, shares the latest findings about COVID-19 and what the future may hold.

Nassim Nicholas Taleb, author of Skin in the Game, talks with host Russ Roberts about the ideas in the book. This is the third episode of EconTalk with Taleb related to the general topic of skin in the game and how it affects decision-making and policy in an uncertain world. This episode focuses on rationality, religion, and the challenge of thinking about probability and risk correctly in a dynamic world.

Russ Roberts, host of EconTalk, does a monologue this week on the economics of trade and specialization. Economists have focused on David Ricardo's idea of comparative advantage as the source of specialization and wealth creation from trade. Drawing on Adam Smith and the work of James Buchanan, Yong Yoon, and Paul Romer, Roberts argues that we've neglected the role of the size of the market in creating incentives for specialization and wealth creation via trade. Simply put, the more people we trade with, the greater the opportunity to specialize and innovate, even when people are identical. The Ricardian insight masks the power of market size in driving innovation and the transformation of our standard of living over the last few centuries in the developed world.

Russ Roberts talks with Milton Friedman about his research and views on inflation, the Federal Reserve, Alan Greenspan and Ben Bernanke, and what the future holds.

A new virus showed up in China late last year, and it’s making its way to other countries too. So what do scientists know about the virus so far? And how worried should we be? To find out we talk to infectious disease researchers Dr. Kristian Andersen and Dr. Catharine Paules, physician Dr. Hui, and director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci.

We did an episode on a *fictional* pandemic, which you can find here: https://gimletmedia.com/shows/science-vs/49hok3/pandemic 

Check out the full transcript here: https://bit.ly/2S7JwXN

Selected references:

The WHO and the CDC are maintaining information centers that update regularly: https://www.who.int/emergencies/diseases/novel-coronavirus-2019 and https://www.cdc.gov/coronavirus/index.html 

Scientific journals The Lancet and the New England Journal of Medicine have taken down the paywall for papers related to the outbreak: https://www.thelancet.com/coronavirus and https://www.nejm.org/coronavirus 

This episode was produced by Wendy Zukerman, Meryl Horn, Rose Rimler and Michelle Dang. We’re edited by Blythe Terrell and Caitlin Kenney. Fact checking by Lexi Krupp. Mix and sound design by Sam Bair. Music written by Peter Leonard, Emma Munger, and Bobby Lord. A big thanks to Dr. Paul Delamater, Dr. Vittoria Colizza, and Shan Li. Recording assistance from Margot Wohl and Randy Scott Carroll. Translation by Yuan Xue, John Deng, and Chiung H Chuang. And special thanks to Bobby Lord, the Zukerman family and Joseph Lavelle Wilson.

Air Pollution: An Unclear and Present Danger

As a sex educator, Emily Nagoski is often asked: How do couples sustain a strong sexual connection over the long term? In this funny, insightful talk, she shares her answer -- drawing on (somewhat surprising) research to reveal why some couples stop having sex while others keep up a connection for a lifetime.