Podcast / The Time of Monsters / Mar 18, 2024

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
byThe Nation Magazine

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
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.

The Age of Larry Summers and Jeffrey Epstein w/ Doug Henwood | The Time of Monsters with Jeet Heer
byThe Nation Magazine

The famed economist Larry Summers, not for the first time, finds himself the center of a

scandal. He’s had to take a leave from Harvard, where he teaches, because of embarrassing

emails he had with his late friend Jeffrey Epstein.

I talked to economic journalist and Nation contributor Doug Henwood, a long-time Summers

watcher, about the career of this controversial and influential figure. Summers has been one of

the most influential policy makers of his era, serving as Treasury Secretary and President of

Harvard. He has also embodied the major intellectual and political limitations of the ruling class.

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Jeet Heer

Jeet Heer is a national affairs correspondent for The Nation and host of the weekly Nation podcast, The Time of Monsters. He also pens the monthly column “Morbid Symptoms.” The author of In Love with Art: Francoise Mouly’s Adventures in Comics with Art Spiegelman (2013) and Sweet Lechery: Reviews, Essays and Profiles (2014), Heer has written for numerous publications, including The New Yorker, The Paris Review, Virginia Quarterly Review, The American Prospect, The GuardianThe New Republic, and The Boston Globe.

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