Pitchfork Economics with Nick Hanauer - podcast cover

Pitchfork Economics with Nick Hanauer

We are living through a paradigm shift from trickle-down neoliberalism to middle-out economics — a new understanding of who gets what and why. Join zillionaire class-traitor Nick Hanauer and some of the world’s leading economic and political thinkers as they explore the latest thinking on how the economy actually works.
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Episodes

The Worker Power Missing From the Abundance Debate (with Kate Andrias and Alexander Hertel-Fernandez)

Everyone wants more housing, more clean energy, more transit, more care infrastructure, and more of the things people need to live good lives. But too much of the “abundance” debate treats workers, unions, environmental review, and community voice as obstacles to building — instead of asking who has power, who benefits, and who gets left out. This week, Goldy and Paul talk with Columbia professors Kate Andrias and Alexander Hertel-Fernandez about their Roosevelt Institute report, Democratic Abun...

May 19, 202634 min

How the AI Oligarchy Went Hyperscale (with Tim Murphy)

The AI “cloud” sounds weightless. But behind every chat bot, every prompt, and every promise of a coming AI revolution is a massive physical footprint: hyperscale data centers consuming enormous amounts of land, electricity, water, and public subsidies. This week, Nick and Goldy talk with Tim Murphy, national correspondent at Mother Jones , about his cover story on how the American oligarchy went hyperscale in the age of AI. Murphy has been reporting from communities across the country where res...

May 12, 202639 min

Why Philanthropy [STILL] Isn’t the Answer with (with Anand Giridharadas)

Billionaires are shaping everything from elections to education to climate policy—and they want us to believe it's generosity. That’s why we’re re-airing this conversation with Anand Giridharadas, author of Winners Take All , on the power of elite philanthropy—and why it can’t fix the inequality it helps sustain. Giridharadas breaks down how modern philanthropy allows the ultra-wealthy to “give back” on their own terms, while avoiding the kinds of structural changes—like higher taxes, stronger l...

May 05, 202649 min

Crypto, Cryptocurrency Scams, and the Illusion of Easy Money (with Ben McKenzie)

Crypto is back—new hype cycles, rising prices, and fresh promises that this time cryptocurrency is changing the financial system for good. But the questions haven’t changed: is this innovation or just another wave of speculation, scams, and financial fraud? That’s why we’re revisiting this conversation with actor and author Ben McKenzie—whose bestselling book Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud and new documentary, Everyone is Lying to You For Money are onc...

Apr 28, 202633 min

From Safety Net to Power Base: Reclaiming Economic Power for Working People (with Jamie Keene)

The social safety net wasn’t supposed to work like this. Decades of neoliberal choices from politicians in both parties reshaped it—turning what was meant to support people into a system that often leaves them stuck. This week, Jamie Keene, a fellow at the Roosevelt Institute and former Biden White House policy advisor, joins us to break down how we got here—and why today’s anti-poverty system can actually reinforce the very conditions it’s meant to solve. From requirements that trap workers in ...

Apr 21, 202644 min

The Second Estate: Where Billionaires Don’t Pay. You Do. (with Ray D. Madoff)

Would it be a surprise if we told you the rich don’t actually live in the same tax system as everyone else? Tomorrow is Tax Day, when millions of Americans will be filing their taxes or applying for extensions, so Nick and Goldy sit down with Ray D. Madoff, Professor of Tax Law at Boston College, and author of The Second Estate , to pull back the curtain on how wealth really moves—and why so much of it never gets taxed at all. Because here’s the twist: The system wasn’t supposed to work this way...

Apr 14, 202650 min

The Wage Standard: What’s Wrong in the Labor Market and How to Fix It (with Arin Dube)

Corporate profits are booming. So why haven’t most workers gotten a raise? For decades, we’ve been told a simple story: work harder, become more productive, and your wages will follow. But what if that story was never really true? This week, Nick and Goldy talk to Arindrajit Dube—one of the most influential economists shaping how we understand wages, and author of a new book, The Wage Standard: What’s Wrong in the Labor Market and How to Fix It —for a conversation that cuts to the heart of how p...

Apr 07, 202649 min

The Boomcession: Booming on Paper. Brutal in Real Life. (with Matt Stoller)

What happens when the economic data says one thing, but people’s lives say another? This week, Nick and Goldy talk to Matt Stoller about what he calls a “Boomcession”—the disconnect between headline economic indicators and how the economy actually feels for most people. They go straight at the disconnect: why the numbers say everything’s fine… and people say otherwise. If the economy is supposed to work for people, why do so many people feel like it isn’t? Matt Stoller is the research director a...

Mar 31, 202645 min

The $79 Trillion Price of Inequality (with Carter Price)

Over the last 50 years, nearly $79 trillion that could have gone to the bottom 90%…didn’t. Where did it go—and what did that cost you? Nick and Goldy are joined by Carter Price, senior mathematician at the RAND Corporation, to break down how rising inequality reshaped wages, growth, and even the federal budget—and why the economy feels so disconnected from everyday life. Because this isn’t just about who got richer. It’s about what everyone else lost. Carter Price is a Senior Mathematician at th...

Mar 24, 202643 min

Swiftynomics: Who’s Afraid of Women’s Economic Power? (with Misty Heggeness)

What Is Swiftynomics—and Why Does It Matter? Taylor Swift didn’t just break records—she broke the way economists think about the economy. Because if one artist can reshape entire cities overnight, what else are we missing? This week, economist Misty Heggeness uses the “Swift effect” to expose a bigger problem: the models we rely on weren’t built to see women’s power, unpaid care, or culture as real economic forces. What would change about our economy if we actually counted women’s work—and treat...

Mar 17, 202643 min

Same Cart, Different Price: When the Invisible Hand Becomes an Algorithm (with Lindsay Owens)

The price you see online might not be the real price. A new investigation found that Instacart was quietly running pricing experiments—charging different customers different prices for the same groceries at the same time. This week, Paul and Goldy talk with Groundwork Collaborative Executive Director Lindsay Owens about how companies are using AI and massive data sets to run experiments on consumers—testing exactly how much each of us is willing to pay. And if every shopper sees a different pric...

Mar 10, 202639 min

Should There Be a Limit to Wealth? (with Ingrid Robeyns)

Economic debates often focus on poverty — how to raise wages, strengthen safety nets, and ensure people don’t fall too far behind. But what if fairness also requires asking a different question: how much wealth is too much? This week, we’re resharing our conversation with ethics professor Ingrid Robeyns about her idea of limitarianism — the argument that societies should place moral limits on extreme wealth accumulation. Rather than starting with policy prescriptions, Robeyns asks a deeper quest...

Mar 03, 202647 min

AI Won’t Decide the Future of Work—We Will (with David Autor)

Every wave of new technology has come with the same promise: productivity rises, and everyone benefits. That’s not how it usually plays out. This week, we’re resharing our conversation with MIT economist David Autor, one of the world’s leading experts on how technological change reshapes labor markets. Autor challenges the familiar story that innovation inevitably destroys good jobs, arguing instead that AI could expand human expertise and help rebuild pathways into the middle class — if the gai...

Feb 24, 202640 min

LIVE FROM DC: The Magic Wand Question — Policy Pitches for Working People

If you could order a presidential administration to do one specific thing to improve the lives of working people — what would it be? At Democracy Journal ’s recent conference in Washington, DC, Nick and Goldy heard some of the country’s leading economic thinkers take their best shot at that magic-wand question: one idea, three minutes, no BS. The result is a rapid-fire lineup of bold proposals — from fixing Social Security and raising wages to reclaiming time, strengthening unions, and rethinkin...

Feb 17, 202622 min

LIVE FROM DC: Abundance and Social Democracy: Enemies or Allies?

Can we build an economy that delivers abundance without abandoning democratic accountability and economic equity? Recorded live at Democracy Journal’s “Can’t We All Just Get Along?” conference, this episode features a wide-ranging panel discussion on one of the most consequential debates shaping today’s political economy: whether abundance and social democracy are in tension—or whether they’re mutually reinforcing. Moderated by Ed Luce of the Financial Times , the panel brings together Baillee B...

Feb 10, 202658 min

A Government Built to Stall—and What That Means for Democracy (with Hannah Garden-Monheit)

If democracy is going to survive, it has to deliver. This week, Goldy and Civic Ventures president Zach Silk are joined by Hannah Garden-Monheit, a former senior official in the Biden-Harris administration, for a conversation about one of the most urgent questions in American politics: why our government so often fails to produce visible results for working people—and what that means for what comes next. At a time when public institutions are being dismantled faster than they were ever built, th...

Feb 03, 202646 min

Revisiting Reimagining Capitalism (with Rebecca Henderson)

As inequality deepens, democratic institutions strain, and climate risk accelerates, it’s becoming impossible to ignore a basic question: What is capitalism actually for? This week, we revisit our conversation with Harvard Business School professor Rebecca Henderson who argues that today’s economic crises aren’t the result of isolated failures, but of an economic system designed around the wrong goal—maximizing shareholder value at any cost. Drawing from her book Reimagining Capitalism in a Worl...

Jan 27, 202631 min

Revisiting the Rise and Fall of the Neoliberal Order (with Gary Gerstle)

Every era runs on an economic story. For the last half-century, ours has been neoliberalism — the belief that if you free markets from constraints, prosperity will follow. This week we revisit a bracing conversation with historian Gary Gerstle about how neoliberalism took hold, why it once felt inevitable, and why it’s now breaking down in plain sight. Drawing on his book The Rise and Fall of the Neoliberal Order, Gerstle joins Nick and Goldy to trace how a seductive promise of “freedom” — econo...

Jan 20, 202646 min

Revisiting How Neoliberalism Turned the Work Ethic Against Workers (with Elizabeth Anserson)

Americans have been told that working harder is the path to dignity, security, and success. But what if that promise was hijacked? This week, we’re revisiting our episode with Professor Elizabeth Anderson, where she exposes how neoliberalism weaponized the “work ethic” — transforming a moral tradition that once honored workers into a system that blames them, exploits them, and rewards extraction over contribution. Drawing from her new book Hijacked , Anderson traces how today’s economy punishes ...

Jan 13, 202647 min

The Story That Built Today’s Economy (with George Monbiot and Binyamin Appelbaum)

Most people buy the fiction that markets are “natural,” inequality is inevitable, and government should step aside — but where did that idea come from? In this episode from 2019, Nick and Goldy talk with English journalist George Monbiot and American journalist and author Binyamin Appelbaum about how neoliberalism was deliberately built and sold — not stumbled into. They unpack how economists, funders, and institutions rewrote the rules to favor markets over people, shifted political norms, and ...

Jan 06, 20261 hr 1 min

How Economists Cause Harm Even as They Aspire to Do Good (with George DeMartino)

For more than a century, economists have told us they’re simply “describing the world as it is.” But what if their theories aren’t neutral — and are quietly doing enormous harm? This week, we’re joined by economist George DeMartino, author of The Tragic Science , who makes a devastating case that modern economics has helped legitimize policies that shattered communities, fueled inequality, and even cost millions of lives — all while claiming scientific objectivity. DeMartino exposes how orthodox...

Dec 30, 202539 min

If America Is “Winning,” Why Does the Economy Feel Like This? (with Talmon Joseph Smith)

America has never been wealthier—so why does it feel so hard to get by? New York Times economics reporter Talmon Joseph Smith joins Nick and Goldy this week to unpack the growing gap between economic headlines and the lived reality of most Americans. With nearly $200 trillion in national wealth and half the country holding just a sliver of it, they explore why GDP and aggregate growth keep telling a story working families don’t recognize—and what that disconnect means for our economy and our pol...

Dec 23, 202541 min

The Right of the People: Democracy and the Case for a New American Founding (with Osita Nwanevu)

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 finall...

Dec 16, 202543 min

From Abundance to Enshittification: 2025’s Must-Read Economics Books

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 ...

Dec 09, 202531 min

CORE Econ: Rewriting Econ 101 for the Real World (with Suresh Naidu and Wendy Carlin)

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—inequa...

Dec 02, 202537 min

The Quiet Coup: Neoliberalism and the Looting of America (with Mehrsa Baradaran)

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 machine...

Nov 25, 202548 min

The Measure of Progress: Counting What Really Matters (with Diane Coyle)

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 measur...

Nov 18, 202536 min

Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud (with Ben McKenzie)

Actor and author Ben McKenzie didn’t set out to become one of crypto’s fiercest critics—but when the pandemic hit and Hollywood shut down, his curiosity turned into a full-blown investigation. The result was the bestselling book, Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud , a blistering exposé of the crypto craze as “casino capitalism” at its dumbest. In this episode, McKenzie joins Nick and Goldy to explain how the industry turned hype and libertarian fantasy int...

Nov 11, 202533 min

Stock Buybacks and the Trillion Dollar Heist (with Senator Cory Booker)

Corporations are on track to spend more than $1.3 trillion on stock buybacks this year—money that could have gone toward higher wages, innovation, or community investment. That’s the real-life Trillion Dollar Heist at the center of our new comic from Civic Ventures, which follows Marta, a janitor who interrupts a corporate board meeting just as executives plot their next billion-dollar buyback spree. This week, we’re resharing our 2019 conversation with Senator Cory Booker, who explains how stoc...

Nov 04, 202540 min

Competing Visions on Trade: A Race to the Bottom Vs. Building the Middle Class (with Thea Lee featuring Todd Tucker)

In the final episode of our Trade series, Nick and Goldy talk with Thea Lee, former Deputy Undersecretary for International Affairs at the U.S. Department of Labor, to challenge the core assumption behind decades of U.S. trade policy: That trade is about efficiency, not power. Lee explains how past trade deals were written to protect capital while ignoring worker exploitation abroad—a model that suppressed wages overseas and undercut American workers at home. She also makes the case that worker-...

Oct 28, 202541 min
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