Bringing new ways of thinking to the dismal science.
Ep. 4 The Erasure of Race in Economic Theory
In this episode, we dive into a topic that is ignored by many economists: the role of race and group identity in economics.
We have an obligation to acknowledge how, by externalizing race, economic theory upholds racist systems and perpetuates socially unequal outcomes. Our economic status quo fails to support black lives, especially amidst economic shocks such as the COVID-19 pandemic.
We speak with Joelle Gamble, principal of the reimagining capitalism team at Omidyar Network, to better understand how racial bias is deeply rooted in economics— in our conception of the “economy”, its focus on objective outcomes, and in the assumptions embedded in economic theory.
Part 2 of our 2 part series examining the role of the economy in serving public interest
Ep. 3 The Economy...Doesn't Exist?
There has been a sense of urgency to restart the economy, given that measures to limit the spread of COVID-19 have simultaneously caused a major slowdown of economic activity. Some politicians, such as Lt. Governor of Texas Dan Patrick, have gone as far as promoting human sacrifice in the hopes of saving economic life. This sort of rhetoric that favours the economy over human life brings into question what the function of “the economy” is, if it does not fundamentally serve as a system of human subsistence and existence.
In this episode, we speak with scholar of critical theory and post-autonomist thought, Burç Köstem, about whether the economy exists as a distinct social sphere, and whether it really is at odds with public health.
Part one of a two-part series examining the role of the economy in serving public interest.
Ep. 2 Neoclassical Economics and Global Capitalism: How Did We Get Here?
In our second episode, we spoke with Julian Karaguesian, economic history professor at McGill University. We discussed how the neoclassical school of thought came to dominate economics as we know it and shape global capitalist society at large.
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Ep. 1 The Miseducation of Economics
Most university economics students are exposed to mainly one school of economic thought: neoclassical economics. For students to have an education that promotes critical thinking and an understanding of economic events and policies, they must gain exposure to alternative perspectives, the so-called 'heterodox' schools.
The Expanding Economics Podcast aims to shift the focus in economics and incorporate concepts such as environmentalism, clarity and social justice in economic thinking.
In our first episode, we discuss the modern framework of university economics education, the dominance of neoclassical economics, and its drawbacks. We are joined by Professor Chris Barrington-Leigh and undergraduate students Lucy Everett, Maanav Sunderaraman, and Claire Downie to wrap our heads around what should be changed in university economics.
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Easy to understand and interesting even for someone with no economics background. A great listen about challenging what you’re taught and thinking about the university system and the world in new ways, great podcast!