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PODCAST

Pitchfork Economics with Nick Hanauer

We are living through a paradigm shift from trickle-down neoliberalism to middle-out economics — a new understanding of who gets what and why. Join zillionaire class-traitor Nick Hanauer and some of the world’s leading economic and political thinkers as they explore the latest thinking on how the economy actually works.

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All Episodes

40:25

We need to fix overtime pay in America (with Marcus...

Pitchfork Economics with Nick Hanauer ·

2022/09/13

If you're a salaried worker, chances are you're no longer eligible for the overtime pay that you would have received 40 years ago. A robust federal overtime standard used to serve as a kind of minimum wage for the middle class, providing both a valuable source of extra income and a shield of protection for the 40-hour workweek. When he interviewed workers around the country, Journalist Marcus Baram learned firsthand why we must raise the overtime threshold and restore overtime protections for

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34:31

How the Inflation Reduction Act benefits the middle...

Pitchfork Economics with Nick Hanauer ·

2022/09/06

The Inflation Reduction Act may be smaller than the original Build Back Better plan, but it still represents a huge leap forward in middle-out economic thinking. The IRA addresses out-of-control healthcare costs, it helps build a fairer tax code, and it combats the climate crisis. It’s a huge win for the Biden administration and, more importantly, for the middle class. Economist Rose Khattar breaks down the many benefits of the IRA on our first episode back from summer break. Rose Khattar is the

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41:36

The limits of the market (with Joseph Stiglitz)

Pitchfork Economics with Nick Hanauer ·

2022/08/30

One of the central theories of classical economics is that markets respond quickly and efficiently to changes in demand. But the supply chain disruptions that left store shelves empty for much of the pandemic demonstrate that the markets aren’t the efficient adapters that classic economists believe them to be. Nobel laureate economist Joseph Stiglitz explains why the tendency to believe in the market is one of the most deeply rooted trickle-down myths, and why government intervention is the best way

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30:46

Why essential work is essentially forced labor (with...

Pitchfork Economics with Nick Hanauer ·

2022/08/23

What became known as “essential work” during the pandemic was really just forced labor, according to labor market economist Suresh Naidu. He shares employers' secret tricks for manipulating the labor market and explains how powerless most workers have become as a result. This episode was originally released in September 2020. Suresh Naidu is a professor of economics and international and public affairs at Columbia University as well as a fellow at the Roosevelt Institute, external faculty at the

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36:25

How inequality cost workers $50 trillion (with Carter...

Pitchfork Economics with Nick Hanauer ·

2022/08/16

Did you know that since 1975 a staggering $50 trillion has been diverted from the paychecks of working Americans to the pockets of the wealthiest 1%? That shocking number was discovered in a groundbreaking study done by the RAND Corporation that finally put a price tag on the massive inequality we’ve seen in America over the last 40 years. This episode was originally released in September 2020. Carter C. Price is a senior mathematician at the RAND Corporation. Twitter: @CarterCPrice The Top 1%

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44:49

Reclaiming conservative economics (with Oren Cass)

Pitchfork Economics with Nick Hanauer ·

2022/08/09

These days "conservative economics" can mean anything from strict libertarianism to formless Trumpism. But what were the foundations of American conservatism? According to Oren Cass, the executive director of a think tank called American Compass, the answer is simple: family, community, and industry. He shares his mission to reclaim American conservatism and joins Nick and Goldy in a search for some common ground. This episode was originally released in December 2020. Oren Cass is the executive

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39:44

Mission Economy (with Mariana Mazzucato)

Pitchfork Economics with Nick Hanauer ·

2022/08/02

What do the internet and COVID vaccines have in common? Neither would be possible without the work of DARPA, a mission-focused federal agency responsible for funding research and development. Professor Mariana Mazzucato explains that our economy would be better off if more government agencies adopted DARPA’s mission-oriented approach. This episode was originally released in May 2021. You can find the show notes and transcript for that episode here. Mariana Mazzucato is a Professor in the Economics

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29:45

How American tax policy fosters racial inequality...

Pitchfork Economics with Nick Hanauer ·

2022/07/26

While most Americans know that our tax system advantages wealthy white families, not as many people realize how much it also actively disadvantages Black families. Tax law professor Dorothy Brown breaks down how racial inequality is built into U.S. tax policy and how we can try to fix it. This episode was originally released in November 2021. Dorothy A. Brown is professor of law at Emory University School of Law. She is a nationally recognized scholar in tax policy, race, and class and has

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41:03

We can redefine worker power (with Elizabeth Anderson)

Pitchfork Economics with Nick Hanauer ·

2022/07/19

What are the ethical limits of the market? How do we shift the balances of power back towards workers? What does true freedom really look like? Nick and Goldy explore these questions and more in a fascinating conversation with Philosophy Professor, Elizabeth Anderson. This episode was originally released in September 2020. Elizabeth Anderson is the Arthur F. Thurnau Professor and John Dewey Distinguished University Professor of Philosophy and Women’s Studies at the University of Michigan. She is

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37:29

Can corporations help repair society? (with Ben & Jerry)

Pitchfork Economics with Nick Hanauer ·

2022/07/12

Business leaders can use their power and resources to make meaningful change, but should they? Ben Cohen and Jerry Greenfield, the founders of iconic ice cream brand Ben & Jerry’s, have navigated the landscape between business and activism since the 1970’s. They share their thoughts and experiences as well as their latest mission: ending qualified immunity. This episode was originally recorded and released in April 2021. Ben Cohen and Jerry Greenfield are the co-founders of Ben & Jerry’s Ice

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47:55

Ask Nick Anything

Pitchfork Economics with Nick Hanauer ·

2022/07/05

Nick and Goldy answer more of your questions! What’s the deal with cryptocurrency? How are people still saying that inflation was caused by the stimulus? Is capitalism better than market socialism? Plus some summer reading recommendations and an important podcast announcement. If you have questions for a future AMA episode, leave us a voicemail at 731-388-9334. Why This Computer Scientist Says All Cryptocurrency Should “Die in a Fire”

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29:42

Has Chile defeated neoliberalism? (with Marcelo Casals)

Pitchfork Economics with Nick Hanauer ·

2022/06/28

Chile has a proud tradition of protests, but the unrest of 2019 was different. More than a million people took to the streets to protest their nation’s vast inequality. The uprising made international news, unseated a neoliberal dictatorship, and led to the election of a new president—but did it also create lasting change? Chilean historian Marcelo Casals catches us up on the latest developments in Chile’s battle against neoliberalism. Marcelo Casals is an independent scholar based in Santiago. He

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42:09

Marshall Plan for Moms (with Reshma Saujani)

Pitchfork Economics with Nick Hanauer ·

2022/06/21

Millions of Americans lost their jobs because of the pandemic. While men have returned to their pre-pandemic level of employment, a million women are still missing from the workforce. Without access to paid maternity leave and affordable child care, women are choosing to stay home – or being forced to. It’s time for a more inclusive economic recovery. Reshma Saujani, the Founder of Girls Who Code and the Marshall Plan for Moms, has a plan to get us there. Reshma Saujani is the founder of Girls Who

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35:52

The inequality of progress (with Oded Galor)

Pitchfork Economics with Nick Hanauer ·

2022/06/14

What can the history of human progress teach us about modern inequality? In his new book, ‘The Journey of Humanity: The Origins of Wealth and Inequality,’ economist Oded Galor explores that question, as well as why human progress was stagnant for so much of history, if growth is still possible without ruining the planet, and what this all means for our future. Oded Galor is a Professor of Economics at Brown University and the founding thinker behind Unified Growth Theory. He’s also the author of

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33:05

How thinking like economists holds us back (with...

Pitchfork Economics with Nick Hanauer ·

2022/06/07

When it comes to crafting economic policy, cost-effectiveness, efficiency, choice, and competition have reigned supreme among policymakers for decades. Sociologist Elizabeth Popp Berman says that this style of economic reasoning—prioritizing efficiency above all else—makes good ideas seem like bad policy. She walks us through how that short-sighted style of thinking took hold in DC and explains when policymakers are right to lean on purely economic thinking—and when they should reject it in favor of

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31:02

Exploring global solutions to inequality (with Faiza...

Pitchfork Economics with Nick Hanauer ·

2022/05/31

Reducing inequality is not only possible, but it’s actually happening all across the globe. Faiza Shaheen, the Inequality Program Lead at NYU, has been researching the conditions and policies that can lower inequality for years. She shares which countries have successfully done so, and speculates about whether the United States has a shot at joining them. Dr. Faiza Shaheen is the Program Head for the Inequality and Exclusion Grand Challenge of the Pathfinders for Peaceful, Just and Inclusive

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46:58

Inclusion is an economic necessity (with john a. powell)

Pitchfork Economics with Nick Hanauer ·

2022/05/24

john a. powell, the Director of the Othering & Belonging Institute, explains why the concept of belonging is so important for a healthy community and why inclusion is the key to a thriving economy. john a. powell is the Director of the Othering & Belonging Institute at the University of California, Berkeley. Twitter: @profjohnapowell Targeted universalism: a solution for inequality

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36:32

Consumers deserve an inflation rebate (with...

Pitchfork Economics with Nick Hanauer ·

2022/05/17

Gas prices have reached record highs in the United States. Is inflation actually to blame, or is it the greed of Big Oil, which is enjoying record profits? Congressman Ro Khanna walks us through his proposal for a Big Oil Windfall Profits Tax, which he says will help curb profiteering while reducing gas prices. Congressman Ro Khanna represents California’s 17th Congressional District. He’s the author of Dignity in a Digital Age: Making Tech Work for All of Us. Twitter: @RoKhanna Big Oil

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35:42

How Biden’s budget proposal takes on corporate power...

Pitchfork Economics with Nick Hanauer ·

2022/05/10

The Biden Administration’s 2023 budget proposal includes a Billionaire Minimum Income Tax and a rewrite of stock buyback practices. Will these changes actually take effect? If so, will they do enough to curb runaway corporate power? Niko Lusiani from the Roosevelt Institute breaks down what’s inside Biden’s budget. Niko Lusiani is the Director of Corporate Power at the Roosevelt Institute. Twitter: @NikoLusiani Budget of the U.S. Government

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37:49

Pirate equity (with Jim Baker)

Pitchfork Economics with Nick Hanauer ·

2022/05/03

The idea behind private equity firms—to buy failing companies and turn them around for a profit—is not inherently bad. So why is private equity such a major driver of economic inequality? Jim Baker, the Executive Director for the Private Equity Stakeholder Project, explains these Wall Street pirates’ risky business practices and shows how workers are paying the price. Jim Baker is the Executive Director for the Private Equity Stakeholder Project Twitter: @PEstakeholder Pirate Equity: How Wall

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