Toggle Menu

Farewell to Freakonomics

On this episode of The Time of Monsters, Marshall Steinbaum on economics as a toxic discipline.

Jeet Heer

March 18, 2024

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.

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.

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

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.

The Imperial Presidency and the Iran War w/ Matt Duss | The Time of Monsters with Jeet Heer
byThe Nation Magazine

Writing in Foreign Policy, Matt Duss argues that Donald Trump’s rush to war is both

stupid and illegal. It is also wildly unpopular with the public. But he also observes that

congress has been reluctant to challenge Trump’s policy, although some progressives

have now forced the issue to a vote. Matt is a frequent guest of the show and foreign

policy expert. I talked to him about the dangers of a new war and also the larger

systematic problems of the imperial presidency.

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

Subscribe to The Nation to Support all of our podcasts

Jeet HeerTwitterJeet 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.


Latest from the nation