Concorde’s economic lessons: a closer look - EP131

<p>The British-French supersonic airplane Concorde soared through the skies at Mach 2 in the years 1976 to 2003. Its history illuminates several important economic and business lessons. Is a supersonic airplane simply uneconomic or will commercial passengers fly supersonic again? Show host Gene Tunny and his fellow economist Arturo Espinoza Bocangel discuss.  </p><h3>Links relevant to the conversation</h3><p>EP129 which mentioned the Concorde:</p><p><a href="https://economicsexplored.com/2022/03/07/top-10-insights-from-economics-ep129-show-notes-transcript/" target="_blank">https://economicsexplored.com/2022/03/07/top-10-insights-from-economics-ep129-show-notes-transcript/</a></p><p>Economist article on the Concorde with good summary of what went wrong:</p><p><a href="https://www.economist.com/business/2003/10/16/after-concorde" target="_blank">https://www.economist.com/business/2003/10/16/after-concorde</a></p><p>Conversation article on future of supersonic air travel:</p><p><a href="https://theconversation.com/supersonic-flights-are-set-to-return-heres-how-they-can-succeed-where-concorde-failed-162268" target="_blank">https://theconversation.com/supersonic-flights-are-set-to-return-heres-how-they-can-succeed-where-concorde-failed-162268</a></p><p>AP article on Concorde being “unexpected success” in 1986:</p><p><a href="https://apnews.com/article/fa1e281d544267a8afe77afceaf3f03f" target="_blank">https://apnews.com/article/fa1e281d544267a8afe77afceaf3f03f</a></p><p>Early seventies cost-benefit analysis of the Concorde mentioned in the episode:</p><p><a href="http://www.bath.ac.uk/e-journals/jtep/pdf/Volume_V1_No_3_225-239.pdf" target="_blank">http://www.bath.ac.uk/e-journals/jtep/pdf/Volume_V1_No_3_225-239.pdf</a></p><p>Other websites consulted:</p><p><a href="https://daily.jstor.org/the-rise-and-fall-of-the-supersonic-concorde/" target="_blank">https://daily.jstor.org/the-rise-and-fall-of-the-supersonic-concorde/</a></p><p><a href="https://www.businessinsider.com/concorde-supersonic-jet-history-2018-10?r=AU&IR=T