The Discernable Interviews

Prof Paul Frijters: The Madness of Crowds

1hr 6min

14 July 2022

Paul Frijters is a Professor of Wellbeing Economics at the London School of Economics: from 2016 through November 2019 at the Center for Economic Performance, thereafter at the Department of Social Policy. He writes extensively on the realities of lockdowns and the ‘why’ behind the madness of crowds.

In this interview we explored:

  • The loud voices for and against lockdowns, and where those voices go after a madness dissipates
  • The reaction of the crowd during a madness
  • How a group madness collapses and what the crowd thinks in hindsight
  • Forces that accelerate the collapse of a crowd madness
  • Institutions that defend against or slow madness
  • Opportunistic concentrations of power in the WHO, WEF etc
  • What nationalism really is