Free lunch thinking (with Tom Bergin)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 15 March 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investigative financial analyst Tom Bergin cut his teeth investigating corporate wrongdoing. When he turned his attention to the economics profession, he learned that eight major economic theories—used by experts to shape policy across the globe—entirely lack factual basis. He joins the pod to explain how those theories wormed their way into dominant economic thinking, the evidence against them, and why he believes economists are finally starting to shift toward studying the world as it actually is. Tom Bergin is an Investigative Financial Journalist for Reuters and the Author of Free Lunch Thinking: How Economics Ruins the Economy Twitter: @tombergin_News Further reading: Economics is Once Again Becoming a Worldly Science https://aeon.co/essays/economics-is-once-again-becoming-a-worldly-science Free Lunch Thinking https://www.penguin.co.uk/books/111/1118880/free-lunch-thinking/9781847942739.html Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	A lot of what passes for economic science
0:05.6	is really just a protection racket for the rich.
0:09.3	So many things that we accept to be true
0:12.8	and economists tell us are self-evident
0:15.4	and widely shown to be true
0:17.3	actually don't have an intellectual basis
0:19.6	of our factual basis.
0:21.0	Bad theory leads to bad policy
0:24.2	and bad policy leads to bad outcomes.
0:31.0	From the home offices of civic ventures in downtown Seattle,
0:36.0	this is Pitch Fork Economics, with Nick Hanauer,
0:39.0	the best place to get the truth about who gets what and why.
0:49.0	I'm Nick Hanauer, founder of Civic Ventures.
0:52.0	I'm David Goldstein, senior fellow at Civic Ventures.
1:01.0	You know, Nick, one of the things I love about this podcast
1:03.7	is that we don't have ads.
1:05.7	I never have to do an ad for some mattress
1:08.9	or some other product that I don't use.
1:12.4	But what we do ask is for our listeners
1:15.5	to leave us a five-star review,
1:18.2	wherever you review our podcast.
1:19.9	And we're asking you to subscribe to our weekly newsletter,
	...

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