Killing zombie ideas (with Paul Krugman)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 31 March 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

In his latest book, Nobel Prize-winning economist and New York Times columnist Paul Krugman argues that economics has been eaten from within by bad assumptions he calls “zombie ideas.” You’ve encountered these zombies before: the idea that cutting taxes creates growth, or that providing healthcare for an entire country is too expensive. This week, Krugman joins Nick and Goldy in the fight to win economic models back from the neoclassical undead. Paul Krugman is a professor of economics and international affairs at Princeton University, Centenary Professor at the London School of Economics, and an op-ed columnist for The New York Times. In 2008, he was the recipient of the Nobel Memorial Prize in Economic Sciences for his work on international trade theory. He is the author or editor of 23 books, including the recently published Arguing with Zombies: Economics, Politics, and the Fight for a Better Future. Twitter: @paulkrugman Arguing with Zombies: https://www.penguinrandomhouse.ca/books/625526/arguing-with-zombies-by-paul-krugman/9781324005018 Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	Hi, I'm Ashley. I'm one of the producers here at Pitch Fork Economics, and we want your questions for an upcoming AMA episode with Nick and Goldie.
0:08.0	What do you want to know about the economic effects of the coronavirus crisis.
0:12.6	Tell us by calling and leaving a voicemail at 731 388
0:16.9	9333.
0:18.4	That's 731 388933434.
0:22.3	Oh, and the deadline for these voicemails is by the end of the day on March 31st.
0:27.0	Thanks.
0:28.0	Why is it that when poor people get richer, that threatens the economy, but when rich people
0:32.0	get richer, that must be an
0:33.7	unalloyed good. It doesn't take a whole lot of money to keep a bad idea alive. The
0:39.3	marketplace for ideas is pretty thinly financed and it really only takes a handful of malign billionaires to keep
0:44.9	bad ideas in circulation.
0:47.2	How do we contribute towards your fight against zombies?
0:50.7	How do we kill some zombies?
0:51.7	I mean the whole point about zombies actually actually really can never fully kill them.
0:55.0	From the offices of Civic Ventures in downtown Seattle,
1:03.3	this is Pitch Fork Economics, with Nick Hanauer.
1:07.2	A pointed conversation about who gets what and why,
1:10.1	with one of America's most provocative capitalists.
1:15.0	I'm Nick Henauer, founder of Civic Ventures.
1:20.0	I'm David Goldstein, Senior Fellow at Civic Ventures.
1:24.1	Today we get to talk to definitely one of our favorite and
	...

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