#41: Professor Euston Quah- How Practical Economics Made Singapore

Professor Euston Quah is a prominent Singaporean economist and the Albert Winsemius Chair Professor of Economics at Nanyang Technological University (NTU), where he also serves as Head of the Economics Division. Known for his work in cost-benefit analysis, environmental economics, and policy economics, he has advised various government agencies and chaired national committees in Singapore. His research often bridges economic theory with practical policymaking, particularly in sustainability, public infrastructure, and regulatory impact.TIMESTAMPS:00:00 Introduction 01:30 Who Is Albert Winsemius? 05:55 How Albert Winsemius Made Singapore Better 20:35 The Art of Economic Advising 27:56 Market Failures and State Intervention 30:12 Intellectual Tradition of Economics in Singapore 31:06 Singapore's Entrance Into An Uncertain World 34:27 Why Cost-Benefit Analysis 42:22 How To Appraise Costs & Benefits 45:37 Limitations of Cost-Benefit Analysis 51:54 How Valuation Works 54:08 Why Sensitivity Analysis 60:09 Advice for Graduates Entering the Workforce