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Guest Lecture: David Stuckler - The Body Economic: Why Austerity Kills

Page updated Feb 22, 2016

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Presentation material for David Stuckler's lecture presented at the Treasury on 19 February 2016.

The global financial crisis has had a seismic impact upon the wealth of nations. But we have little sense of how it affects one of the most fundamental issues of all: our physical and mental health.

This highly significant new book, based on the authors' own groundbreaking research, looks at the daily lives of people affected by financial crisis, from the Great Depression of the 1930s, to post-communist Russia, to the US foreclosure crisis of the late 2000s. Why, it asks, did Sweden experience a fall in suicides during its banking crisis? What triggered a mosquito-borne epidemic in California in 2007? What caused 10 million Russian men to 'disappear' in the 1990s? Why is Greece experiencing rocketing HIV rates? And how did the health of Americans actually improve during the catastrophic crisis of the 1930s? The conclusions it draws are both surprising and compelling: remarkably, when faced with similar crises, the health of some societies - like Iceland - improves, while that of others, such as Greece, deteriorates. Even amid the worst economic disasters, negative public health effects are not inevitable: it's how communities respond to challenges of debt and market turmoil that counts.

The Body Economic puts forward a radical proposition. Austerity, it argues, is seriously bad for your health. We can prevent financial crises from becoming epidemics, but to do so, we must acknowledge what the hard data tells us: that, throughout history, there is a causal link between the strength of a community's health and its social protection systems. Now and for generations to come, our commitment to the building of fairer, more equal societies will determine the health of our body economic.

Published by Penguin

Guardian newspaper: "An explosive, powerful, morally armour-plated broadside."

About David Stuckler

David Stuckler, PhD, MPH, HonMFPH, FRSA is a Professor of Political Economy and Sociology at University of Oxford and research fellow of the London School of Hygiene and Tropical Medicine. He has written over 170 peer-reviewed scientific articles on global health in The Lancet, British Medical Journal and Nature in addition to other major journals. His book about the global chronic-disease epidemic, Sick Societies, was published by Oxford University Press in 2011. He is also an author of The Body Economic, published by Penguin Press in 2013 and translated into over ten languages. His work has featured on covers of the New York Times and The Economist, among other venues. Foreign Policy named him one of the top 100 global thinkers of 2013.

Note: Papers, presentation slides and any other material provided by the Guest Lecturer will be made available some time after the lecture at Publications > Media & Speeches > Guest Lectures by Visiting Academics.