Farewell to Freakonomics
On this episode of The Time of Monsters, Marshall Steinbaum on economics as a toxic discipline.
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Farewell to Freakonomics | Time of Monsters with Jeet Heer
On this episode of The Time of Monsters, Marshall Steinbaum on economics as a toxic discipline.
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Steven D. Levitt, best known for cowriting the best-selling 2005 book Freakonomics, is retiring from the University of Chicago with a bang. On the Capitalism and Freedom podcast, Levitt gave a farewell interview where he detailed many internecine feuds in the discipline and examples of toxic abuse, with particular focus on his long-time colleague and nemesis James Heckman.
The economist Marshall Steinbaum, a University of Chicago graduate who now teaches at the University of Utah, returns to The Time of Monsters to elucidate not just the Levitt/Heckman spat but also the question of why economics is a notoriously toxic discipline, how economics has changed over the decade,s rendering both Levitt and Heckman anachronistic, and the recent backlash against anti-racist politics in the discipline.
To supplement the article, listeners can read: Noah Scheiber’s 2007 article on the intellectual origins of Freakonomics, Marshall Steinbaum’s 2020 post about racism in the University of Chicago economic department, and a recent Bloomberg story on racism and sexism in economics.
The Nation Podcasts
Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.
Trump Upturns Canadian Politics w/ Luke Savage | The Time of Monsters with Jeet Heer
Even as he imposes authoritarianism on the United States, Donald Trump has given a new lease on life to the center left in many other countries. Canada is holding an election at the end of April under the shadow of the American presidents threat to turn it into the 51st state. Until Trump’s inauguration, the Conservative Party of Canada had a commanding lead. But voters are changing their minds fast and it now looks like the Liberal Party under new leader Mark Carney will win the election.
To talk about the quick revolution in Canadian politics I spoke to Luke Savage, a widely published journalist and substracker. We take up not just Canada’s likely rejection of Trumpism but also the question of whether Carney’s technocratic centrism really offers an alternative. If there is to be a new Canadian nationalism, will it have more substance than Carney offers?
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