Pitchfork Economics with Nick Hanauer

Extreme inequality and democratic decline aren’t separate crises—they’re the same crisis. This week, Osita Nwanevu joins Paul and Goldy to explain how America’s constitutional design, corporate power, and decades of upward redistribution have eroded both political and economic freedom. He outlines what real democratic governance would mean inside government and at work, why the concentration of wealth threatens stability, and how a long-term movement for a more representative system could finally deliver the policies most Americans want. Osita Nwanevu is a journalist and political writer whose work focuses on democracy, governance, and the intersection of politics and power in America. His reporting and essays have appeared in The New Republic, The New Yorker, Slate, and The New York Times. He is the author of The Right of the People, a sweeping examination of why American democracy is faltering and what it would take to build a more just, inclusive, and genuinely democratic society. Further reading:  The Right of the People: Democracy and the Case for a New  American Founding By the Workers, for the Workers: Building Economic Democracy https://www.ositanwanevu.com/ Website: http://pitchforkeconomics.com Instagram: @pitchforkeconomics Threads: pitchforkeconomics Bluesky: @pitchforkeconomics.bsky.social Twitter: @PitchforkEcon, @NickHanauer, @civicaction YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Substack: The Pitch

This week, Paul and Goldy look back at the most notable economics books of the year. They discuss Ezra Klein and David Thompson’s Abundance, Cory Doctorow’s blistering Enshittification, Thomas Piketty’s new works on inequality, Diane Coyle’s fresh take on GDP, and the overlooked history behind the Garland Fund. Whether you’re hunting for a holiday gift for the wonk in the family or looking to understand the ideas driving today’s political economy, this episode is full of must-reads.  Must-Read Economics Books 2025 Abundance by Ezra Klein and David Thompson Enshittification: Why Everything Suddenly Got Worse and What to Do About It by Cory Doctorow Equality Is a Struggle by Thomas Piketty Nature, Culture, and Inequality by Thomas Piketty Equality: What It Means and Why It Matters by Thomas Piketty and Michael J. Sandel The Measure of Progress: Counting What Really Matters by Diane Coyle The Radical Fund: How a Band of Visionaries and a Million Dollars Upended America by John Fabian Witt Honorable Mention Ricardo’s Dream: How Economists Forgot the Real World and Led Us Astray By Nat Dyer  Why Information Grows: The Evolution of Order, from Atoms to Economies by Cesar Hidalgo  Coming Up Short: A Memoir of My America by Robert Reisch  Mood Machine: The Rise of Spotify and the Costs of the Perfect Playlist Liz Pelly  Other Books Mentioned in Episode Homelessness is a Housing Problem by Greg Colburn & Clayton Page Aldern Why Nothing Works: Who Killed Progress--And How to Bring It Back by Marc Dunkelman Capital in the 21st Century by Thomas Piketty The Gardens of Democracy: A New American Story of Citizenship, the Economy, and the Role of Government by Nick Hanauer & Eric Liu  Communist Manifesto by Karl Marx  Website: http://pitchforkeconomics.com Facebook: Pitchfork Economics Podcast Bluesky: @pitchforkeconomics.bsky.social Instagram: @pitchforkeconomics Threads: pitchforkeconomics TikTok: @pitchfork_econ YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Twitter: @PitchforkEcon, @NickHanauer Substack: ⁠The Pitch⁠

Econ 101 shapes how millions of people understand the economy—but what if the textbooks are teaching a worldview that’s outdated, oversimplified, and in some cases flat-out wrong?  This week, Nick and Goldy talk with economists Wendy Carlin and Suresh Naidu, leaders of CORE Econ, the global project rewriting introductory economics to reflect the real world. They explain why the old curriculum failed during the 2008 financial crisis, how CORE foregrounds issues students actually care about—inequality, climate change, and the future of work—and why teaching economics without talking about innovation or power is like teaching physics without gravity. If you’ve ever walked out of an Econ 101 class thinking, “That can’t be how the economy really works,” this episode is your vindication—and your alternative. Suresh Naidu is a professor of economics and international and public affairs at Columbia University, known for his work on labor markets, political economy, and power in the economy. He is a key contributor to CORE Econ, helping shape its emphasis on real-world data, inequality, and institutions. Wendy Carlin is a professor of economics at University College London and one of the world’s leading experts in economic education and the future of macroeconomic policy. She is the co-founder and director of CORE Econ, the global curriculum reform project now used in universities across more than 60 countries. Social Media: @coreeconteam @columbia_econ Further reading:  CORE - Economics for a changing world About Core Econ CORE (Curriculum Open-access Resources in Economics) Econ CORE Econ’s vision is that a radically transformed economics education can contribute to a more just, sustainable, and democratic world in which future citizens are empowered by a new economics to understand and debate how best to address pressing societal problems. Website: http://pitchforkeconomics.com Facebook: Pitchfork Economics Podcast Bluesky: @pitchforkeconomics.bsky.social Instagram: @pitchforkeconomics Threads: pitchforkeconomics TikTok: @pitchfork_econ YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Twitter: @PitchforkEcon, @NickHanauer Substack: ⁠⁠The Pitch⁠⁠

Law professor Mehrsa Baradaran joins Nick and Goldy to reveal how neoliberalism wasn’t just a misguided economic theory—it was a “quiet coup” that rewired our laws, courts, and institutions to elevate capital above democracy. Drawing from her new book The Quiet Coup, Professor Baradaran explains how this ideology became like the air we breathe: a pervasive worldview that shapes our politics, our markets, and even the way we understand ourselves. They explore how elite power captured the machinery of government, why the market has become a runaway algorithm fueling inequality, and what it will take to break free from an ideology so deeply embedded we mistake it for common sense. Mehrsa Baradaran is a professor of law at the University of California, Irvine, and one of the nation’s leading experts on banking law, inequality, and the racial wealth gap. She is the author of The Quiet Coup: Neoliberalism and the Looting of America, The Color of Money, and How the Other Half Banks. Her research traces how financial policy, legal structures, and political power shape inequality in the United States. Social Media: @mehrsab.bsky.social Mehrsabaradaran @MehrsaBaradaran Further reading:  The Quiet Coup: Neoliberalism and the Looting of America The Color of Money How the Other Half Banks Website: http://pitchforkeconomics.com Facebook: Pitchfork Economics Podcast Bluesky: @pitchforkeconomics.bsky.social Instagram: @pitchforkeconomics Threads: pitchforkeconomics TikTok: @pitchfork_econ YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Twitter: @PitchforkEcon, @NickHanauer Substack: ⁠The Pitch⁠

For nearly a century, GDP has been the world’s go-to measure of economic success—but what if it’s been telling us the wrong story? It treats cigarette sales and cancer treatments as equally “good” for the economy, while caring for your kids, volunteering, or creating art don’t count at all. This week, economist Diane Coyle joins Nick and Goldy to discuss her new book, The Measure of Progress, and explain why GDP increasingly fails to capture the reality of modern economies—and how we can measure real progress instead. Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. She is also the Research Director at the Bennett School of Public Policy, a member of the UK Government’s Industrial Strategy Council, and author of the new book, The Measure of Progress: Counting What Really Matters. Social Media: @dianecoyle1859.bsky.social @DianeCoyle1859 Further reading:  The Measure of Progress: Counting What Really Matters Beyond GDP? Welfare across Countries and Time The Economics of Care with Nancy Folbre Website: http://pitchforkeconomics.com Instagram: @pitchforkeconomics Threads: pitchforkeconomics Bluesky: @pitchforkeconomics.bsky.social Twitter: @PitchforkEcon, @NickHanauer, @civicaction YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Substack: The Pitch