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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

37:37

Economics Needs More Socioeconomic Diversity (with...

Pitchfork Economics with Nick Hanauer ·

2024/09/17

This week, Nick and Goldy are joined by MIT economist Anna Stansbury to discuss the troubling lack of socioeconomic diversity within the economics profession. Stansbury discusses her research from a paper she co-authored with Robert Schultz titled “The Economics Profession’s Socioeconomic Diversity Problem”, which reveals that a strikingly low percentage of economists come from less-advantaged backgrounds. They have a thoughtful discussion about how that lack of diversity affects the profession's

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38:36

Capitalism and Crises (with Colin Mayer)

Pitchfork Economics with Nick Hanauer ·

2024/09/10

This week, Nick and Goldy talk to esteemed economist Colin Mayer, author of the book Capitalism and Crises: How to Fix Them, to explore the deep-seated issues plaguing modern capitalism, including rising inequality and environmental degradation. Mayer argues that the current profit-driven mindset of corporations often leads to societal harm, and he advocates for a paradigm shift towards a model where businesses profit by solving real human problems rather than creating them. Their conversation

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37:31

Kamala Harris and the New Democratic Economic Paradigm

Pitchfork Economics with Nick Hanauer ·

2024/09/03

In the wake of the Democratic National Convention, Nick and Goldy take a close look at how middle-out economics has become the new center of the Democratic Party's economic policies, championing a new era of economic thinking that puts workers, families and taking on corporate power at the center, and breaking away from decades of top-down, trickle-down approaches. With echoes of President Joe Biden’s—and now former President Bill Clinton’s—call to build the economy from the bottom up and the middle

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48:47

Revisiting the Legacy of the Fight for $15 (with...

Pitchfork Economics with Nick Hanauer ·

2024/08/27

Over ten years ago, activists and civic leaders ignited the Fight for $15, a movement that was once seen as radical—even Forbes labeled Nick's support for a $15 minimum wage as “near-insane.” Today, the movement's achievements are undeniable: Higher wages for millions of workers, increased union membership, reducing the racial wealth gap, and now raising the federal minimum wage to $15/ hr is one of the central issues in the 2024 presidential campaign, with two-thirds of voters in support. We

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46:45

The Crisis of Democratic Capitalism (with Martin Wolf)

Pitchfork Economics with Nick Hanauer ·

2024/08/20

Martin Wolf, chief economics commentator at the Financial Times, joins Nick and Goldy to discuss his new book, "The Crisis of Democratic Capitalism." They explore the important-yet-fragile connection between capitalism and democracy, particularly in the context of rising inequality and political instability. Wolf articulates how the perceived success of democratic capitalism has begun to falter under the onslaught of economic policies favoring the wealthy and eroding the middle class. Ultimately,

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52:56

How the Anti-Tax Movement Hijacked America (with...

Pitchfork Economics with Nick Hanauer ·

2024/08/13

This week, Nick and Goldy are joined by Michael Graetz to discuss his new book, "The Power to Destroy: How the Anti-Tax Movement Hijacked America.” Graetz asserts that while the anti-tax movement is often overlooked, it has shaped policy by intertwining with issues of race and economic ideology, diverging from Keynesian economics in favor of neoliberal supply-side economics that results in extreme wealth accumulation at the top. He argues for major tax reforms, including a carbon tax and the

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32:46

2024 Summer Reading List

Pitchfork Economics with Nick Hanauer ·

2024/08/06

It’s Paul and Goldy’s summer reading list! In this week’s special episode, Civic Ventures Senior Fellow David “Goldy” Goldstein and Civic Ventures Writer Paul Constant recommend some of the hottest new economic and political books for your beach reading pleasure. We want to know what you’re reading, too. Leave us a comment on Instagram, Twitter, Threads or YouTube! Remember to shop local and small when you can, or order from IndieBound or Bookshop.org—both of which support independent

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38:08

How Outsized Corporate Profits Raised Prices (with...

Pitchfork Economics with Nick Hanauer ·

2024/07/30

This week, Nick and Goldy are joined by Lindsay Owens, Executive Director of the Groundwork Collaborative, to discuss Groundwork’s recent reports on corporate profiteering and price gouging during and after the pandemic. Owens attributes the record increases in corporate profits in the last few years to growing corporate concentration and lack of competition. She argues that these two factors gave companies an unprecedented level of market power, and therefore pricing power, which allowed them to

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46:09

Connecting the dots on Biden's middle-out economic...

Pitchfork Economics with Nick Hanauer ·

2024/07/23

This week Nick & Goldy are joined by Heather Boushey, Chief Economist for President Biden's Invest in America Cabinet, for a deep dive into the transformative economic policies of the Biden administration. Boushey discusses the paradigm shift towards a middle-out economic approach to crafting economic policy and the impact of legislation like the American Rescue Plan, CHIPS Act, Bipartisan Infrastructure Law, and Inflation Reduction Act. Their conversation explores the importance of investing in

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48:05

The Road to Freedom (with Joseph Stiglitz)

Pitchfork Economics with Nick Hanauer ·

2024/07/16

Nobel Prize-winning economist Joseph Stiglitz joins Nick and Goldy to talk about his new book, "The Road to Freedom: Economics and the Good Society.” Stiglitz challenges the orthodox economic theories that have shaped our understanding of capitalism and argues for a new approach called progressive capitalism. Stiglitz also discusses the flaws of neoliberalism, popular misconceptions about freedom, and the widespread benefits of addressing issues like climate change and inequality. He shares insights

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45:05

Making Sense of Chaos (with Doyne Farmer)

Pitchfork Economics with Nick Hanauer ·

2024/07/09

This week, Nick and Goldy talk to Doyne Farmer, a renowned physicist and mathematician, to discuss his new book, "Making Sense of Chaos: A Better Economics for a Better World." Farmer, who is a professor at the Institute for New Economic Thinking, challenges traditional orthodox economic frameworks by applying complex systems theory. Their conversation explores the limitations of mainstream economic models, the importance of incorporating uncertainty into economic thinking, and the potential for

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32:44

The Code of Capital (with Katharina Pistor)

Pitchfork Economics with Nick Hanauer ·

2024/07/02

This week, Nick and Goldy talk to Katharina Pistor, a legal scholar and professor at Columbia Law School, about her book "The Code of Capital: How the Law Creates Wealth and Inequality.” Pistor sheds light on how the law shapes the distribution of power and wealth in society. They explore the way that law's prioritization of capital has changed over time and its contribution to rising economic inequality within and between nations. Pistor also explains how we can reconfigure the legal playing field

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34:01

The Failed Southern Economic Development Model (with...

Pitchfork Economics with Nick Hanauer ·

2024/06/25

This week, Goldy and Paul talk to Chandra Childers, a senior policy and economic analyst at the Economic Policy Institute and author of their recent report on the Southern economic development model. Although the Southern economic development model is touted as a business-friendly strategy, it has devastating consequences for workers and families in Southern states. Childers explains how this economic model is rooted in racism and economic exploitation and has led to lower wages, weaker safety nets,

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37:05

Democracy in Default (with Brian Judge)

Pitchfork Economics with Nick Hanauer ·

2024/06/18

This week, Nick and Goldy are joined by political scientist Brian Judge, author of "Democracy in Default: Finance and the Rise of Neoliberalism in America." They delve into the historical roots of our current democratic crisis, exploring the role of liberalism in depoliticizing distributive conflicts and paving the way for the rise of neoliberalism. Judge sheds light on the impact of neoliberal ideologies on American policymaking and how liberalism's attempts to manage distributive conflict through

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40:40

The FTC's Renewed Fight Against Corporate Power (with...

Pitchfork Economics with Nick Hanauer ·

2024/06/11

After decades of slow and cautious movement, the Federal Trade Commission has suddenly kicked into overdrive. You’ve likely seen headlines about the FTC challenging corporate mergers and monopolies, loosening Big Tech’s chokehold on our digital lives, and fighting power imbalances that favor big corporations over American consumers. Elizabeth Wilkins, former Chief of Staff and Director of the Office of Policy and Planning at the FTC, joins Nick and Goldy to give a status update on the FTC's renewed

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40:34

Ours Was the Shining Future (with David Leonhardt)

Pitchfork Economics with Nick Hanauer ·

2024/06/04

This week, Nick and Goldy are joined by Pulitzer Prize-winning columnist David Leonhardt to discuss his latest book, Ours Was the Shining Future: The Story of the American Dream. They discuss the relationship between academic economics and the forces that sought to dismantle the mid-century consensus that promoted shared economic growth in the post-World War II era. Leonhardt shares anecdotes from his extensive research, highlighting what lessons from the past could guide us toward a more equitable

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48:10

What Does Obama’s Chief Economist Think About...

Pitchfork Economics with Nick Hanauer ·

2024/05/28

This week, Nick and Goldy have a wide-ranging conversation with Jason Furman, who served as Chairman of the Council of Economic Advisers under President Obama. Furman brings a wealth of experience to the discussion, which covers America’s post-pandemic recovery, the global inflation crisis, and reviving industrial policy. He also provides insight into the overall impact of President Biden's policies on the broader economic landscape. Jason Furman is a prominent economist who served as the Chairman

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37:54

Unpacking America’s Housing Affordability Crisis...

Pitchfork Economics with Nick Hanauer ·

2024/05/21

This week, Nick and Goldy are joined by Whitney Airgood-Obrycki from the Joint Center for Housing Studies at Harvard University to discuss the urgent issue of housing affordability in the United States. Despite its status as the wealthiest country in the world, America is grappling with a housing crisis, marked by record-high levels of homelessness and a growing number of individuals spending between 30% to 50% or more of their income on rent. Together, they unpack the housing affordability crisis,

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38:28

Junking Junk Fees (with Rohit Chopra)

Pitchfork Economics with Nick Hanauer ·

2024/05/14

This week, Nick and Goldy sit down with Rohit Chopra, the Director of the Consumer Financial Protection Bureau, to explore the agency's efforts to lower financial costs for working Americans. From cracking down on credit card late fees to tackling medical debt on credit reports and regulating bank overdraft charges, Director Chopra sheds light on the CFPB's various initiatives to promote transparency and competition in financial products and services. Chopra argues that by advocating for consumer

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36:21

Decoding the Tech Layoff Panic of 2024 (with Jeffrey...

Pitchfork Economics with Nick Hanauer ·

2024/05/07

Even though the American labor market is currently stronger than it has been in decades, earlier this year Big Tech companies were laying off workers at an alarming pace. Economists struggled to understand why some 25,000 tech workers were losing their jobs, even as the media panicked about whether those layoffs were a warning sign of an oncoming recession. University of Washington Professor Jeff Shulman joins us to uncover the real reasons behind Big Tech’s layoffs, and to explain their

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