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.
Project 2025 For Real w/Chris Lehmann | Time of Monsters with Jeet Heer
Running for president last year, Donald Trump disowned Project 2025, the laundry list of radical demands gathered together by right-wing think tanks. Trump claimed Project 2025 had no influence on him and was only being raised by Democrats as a political attack. But now Trump is in power, he’s enacting an agenda of dismantling the welfare state that is following Project 2025 in close detail, as my Nation colleague Chris Lehmann documented in a recent column.
Chris and Jeet Heer talk about Trump’s mobilization of Christian nationalist ideologues in the service of a making the state subservient to big business. We also take up the remarkable supine Democratic Party response, and also possible sources of resistance in the courts, the federal government and, most crucially, from outraged public opinion mobilized into protest.
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