Episodes

  • The Secret Life of Central Bankers

    The Secret Life of Central Bankers
    Nov 24 2024
    This is the final episode of Cited’s most recent season, Use & Abuse of Economic Expertise, a season that tells stories of the political and scholarly battles behind the economic ideas that shape our world. For a full list of credits, and for the rest of the episodes, visit the series page. They will back with a new season focussed on environmental politics in early 2025, so make sure you are subscribed to the podcast (Apple, Spotify, manual RSS). The MAGA movement scores big wins by taking cheap shots at experts. Now, some worry that Donald Trump could try to oust Federal Reserve Chairman Jerome Powell. The typical centrist position is to defend the supposedly impartial, apolitical expertise of such figures. Yet, we know that is not exactly right either. Is there a better way to imagine a better bank? In our first segment, we speak with Frances Coppala, author of The Case for People's Quantitative Easing. It’s something of a case study in Fed politics, revealing how their decisions post-Global Financial Crisis served the rich, and not working people. Yet, saying that these experts are political does not mean we have to be hyper-partisan reactionary hacks. Instead, democratizing the bank could offer a better way forward. That's according to Annelise Riles, a professor of law and of anthropology, and author of the book Financial Citizenship: Experts, Publics, and the Politics of Central Banking. Riles is also host the Foreign Policy podcast Everyday Ambassador, which its new second season out now. What would democratizing the Fed look like, and would that really counter the powerful financial interests that have so thoroughly captured the institution? Learn more about your ad choices. Visit megaphone.fm/adchoices
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    1 hr and 12 mins
  • The Disappearance and Return of Inequality Studies in Economics

    The Disappearance and Return of Inequality Studies in Economics
    Nov 13 2024
    This is episode three Cited Podcast’s new season, the Use & Abuse of Economic Expertise. This season tells stories of the political and scholarly battles behind the economic ideas that shape our world. For a full list of credits, and for the rest of the episodes, visit the series page. For much of the 20th century, few economists studied inequality. “Watching the study of inequality was like watching the grass grow,” is the way inequality scholar James K. Galbraith put it to us. Yet, the inequality studies grass is growing today–really, it’s something of a lush jungle. Arguably, the return of inequality studies is biggest change that has happened in economics over the last decade or so. Why did it return? Just as importantly, how could it have possibly disappeared? On this episode, we survey the broad political and intellectual history of inequality studies in economics. First, economist Branko Milanovic, author of Visions of Inequality: From the French Revolution to the End of the Cold War, introduces us to a few of the reasons why inequality was marginalized, including the mathematization of the economic mainstream. In short, we sidelined the political in political economy. Then, political theorist Michael Thompson, author of The Politics of Inequality: A Political History of the Idea of Economic Inequality in America, introduces us to the work of Frank Knight and other market-friendly economists who provided ideological justification for widening inequality. Finally, inequality scholar Poornima Paidipaty, speaks to us about the return of inequality studies, particularly through the landmark work of Thomas Piketty. Yet, Paidipaty and her co-author Pedro Ramos Pinto highlight some of the limits of Picketty’s vision in their article “Revisiting the “Great Levelling”: The limits of Piketty’s Capital and Ideology for understanding the rise of late 20th century inequality.” Learn more about your ad choices. Visit megaphone.fm/adchoices
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    1 hr and 10 mins
  • From Rubinomics to Bidenomics: On the Democratic Party’s Shifting Trade & Industrial Policy

    From Rubinomics to Bidenomics: On the Democratic Party’s Shifting Trade & Industrial Policy
    Nov 1 2024
    This is episode two Cited Podcast’s new season, the Use & Abuse of Economic Expertise. This season tells stories of the political and scholarly battles behind the economic ideas that shape our world. For a full list of credits, and for the rest of the episodes, visit the series page. This episode looks at shifting landscape of economic thinking within the Democratic Party. First, historian Lily Geismer, author of Left Behind: The Democrats’ Failed Attempt to Solve Inequality, tells us the story of how the Democrats became captured by the Clintonian ‘Third Way.’ The Third Way argued that economic policy should move away from the sunset industries, like the unionized industrial labour that typically made the Democratic base, and move towards the sunrise industries of tech and finance. Then, the Biden team came to see this thinking as precipitating the rise of Trumpism. So free-wheeling trade and industrial policy is out, and the Clinton-era neoliberal consensus just is not a consensus anymore–some even claim neoliberalism is dead. Bidenomics replaced it, whatever that is. Yet, Bidenomics was a political dud, and now it looks like it might be on the way out. Where is the US’ economic policy thinking going on November 5th, and beyond? We try to figure that out, with the help of political economist Mark Blyth, author of the forthcoming Inflation: A Guide for Users and Losers. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    1 hr
  • Simon Kuznets and the Invention of the Economy

    Simon Kuznets and the Invention of the Economy
    Oct 27 2024
    Economics sometimes feels like a physics–so sturdy, so objective, and so immutable. Yet, behind every clean number or eye-popping graph, there is usually a rather messy story, a story shaped by values, interests, ideologies, and petty bureaucratic politics. In Cited Podcast’s new mini-series, the Use and Abuse of Economic Expertise, we tell the hidden stories of the economic ideas that shape our world. For future episodes of our series, and a full list of credits, visit our series page. On episode one, we begin at the beginning: the invention of the modern economy, or at least the idea of the economy. It starts with one measure: the GDP, or gross domestic product. It’s a measure that comes to define what we mean by ‘the economy.’ Before GDP, we did not really speak in those terms. Cited producer Alec Opperman talks to sociologist Dan Hirshman, who brings the story of the man who pioneered the GDP, Simon Kuznets. Yet, the GDP was not the measure the Kuznets hoped it would be. It’s a story that reveals the surprisingly contentious politics of counting things up. Plus, what about alternatives to GDP? The Genuine Progress Indicator, the Human Development Index, the Green GDP, and so on. These measures are said to be more progressive, as they often capture things we value (like, care work for instance), and subtracting out things we could use less off (like, environmental degradation). Scholars and policy wonks have been raging about these types of measures for decades, but they have not taken off. Why? Economic historian Dirk Philipsen, author of The Little Big Number: How GDP Came to Rule the World and What to Do About It (Princeton UP, 2017), talks to Alec about why a good number alone is never enough to change the world. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    1 hr and 6 mins
  • Damaging Rationality: Exxon-Funded Legal Research and the Exxon Valdez Oil Spill

    Damaging Rationality: Exxon-Funded Legal Research and the Exxon Valdez Oil Spill
    Aug 25 2024
    This is part #3 of a the (ir)Rational Alaskans, a Cited Podcast mini-series that re-examines the legacy of the Exxon Valdez oil spill. In the last episode of the (ir)Rational Alaskans, Riki Ott, Linden O’Toole, and thousands of other Alaskan fishers won over $5 billion in punitive damages against Exxon for the Exxon Valdez oil spill. In our finale, while Ott and O’Toole wait for their cheques, Exxon fights back with a legal and academic appeal. In that appeal, they marshal some of the most-respected scholars of our generation. The (ir)Rational Alaskans is a partnership with Canada’s National Observer. You can also read about this story in Jacobin. For a full list of credits, and for the rest of the episodes, visit the series page. Programming Note: This marks the end of our returning season, the Rationality Wars. We will back with another season shortly, sometime this fall. If you want to catch that season, make sure to stay subscribed to our podcast feed (Apple, Spotify, RSS). You can also stay updated by following us on X (@citedpodcast), and you can contact us directly at info [at] citedmedia.ca if you have any questions or any feedback. Finally, if you are impatient and just itching for more content, check out some of our other episodes, like: the other episodes in this season, if you joined up late; the episodes from last season, especially America's Chernobyl; or some of the highlights from our other podcast, Darts and Letters. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    1 hr and 14 mins
  • 12 Angry Alaskans: Re-Examining the Exxon Valdez Oil Spill Case

    12 Angry Alaskans: Re-Examining the Exxon Valdez Oil Spill Case
    Aug 16 2024
    This is part #2 of a the (ir)Rational Alaskans, a Cited Podcast series that re-examines the legacy of the Exxon Valdez oil spill. Last episode, the spill devastates Cordova, Alaska. In this second part, 12 Angry Alaskans, a jury of ordinary Alaskans picks up our story. They muddle through the most devastating, and most complicated, environmental disaster in US history. How would they decide the case? Subscribe today to ensure you do not miss our finale, Damaging Rationality, which examines the forgotten academic story behind Exxon’s legal appeals. You can also listen to a trailer today. The (ir)Rational Alaskans is a partnership with Canada’s National Observer. For a full list of credits, and for the rest of the episodes, visit the series page. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    1 hr and 13 mins
  • Daniel Kahneman’s Forgotten Legacy: Investigating Exxon-Funded Psychological Research

    Daniel Kahneman’s Forgotten Legacy: Investigating Exxon-Funded Psychological Research
    Aug 9 2024
    After the unprecedented Exxon Valdez oil spill, a jury of ordinary Alaskans decided that Exxon had to be punished. However, Exxon fought back against their punishment. They did so, in-part, by supporting research that suggested jurors are irrational. This work came from an esteemed group of psychologists, behavioural economists, and legal theorists–including Daniel Kahneman, and Cass Sunstein. In this three-part series in partnership with Canada’s National Observer, Cited Podcast investigates the forgotten legacy of the Exxon Valdez oil spill and the research that followed. This first part, an Alaskan Nightmare, covers the spill and its immediate effects. Subsequent episodes will run weekly. Subscribe today to ensure you do not miss part #2, 12 Angry Alaskans, and part #3, Damaging Rationality. This is episode five of Cited Podcast’s returning season, the Rationality Wars. This season tells stories of political and scholarly battles to define rationality and irrationality. For a full list of credits, and for the rest of the episodes, visit the series page. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    1 hr and 5 mins
  • Quantifying the American Mind: George Gallup, and the Promise of Political Polling

    Quantifying the American Mind: George Gallup, and the Promise of Political Polling
    Jul 24 2024
    Early pollsters thought they had the psychological tools to quantify American mind, thereby enabling a truly democratic polity that would be governed by a rational public opinion. Today, we malign the misinformed public and dismiss the deluge of frivolous polls. How did the rational public become the phantom public? We tell the story of George Gallup, his critics, and also examine alternatives to political polling. This is episode three of Cited Podcast’s returning season, the Rationality Wars. This season tells stories of political and scholarly battles to define rationality and irrationality. For a full list of credits, and for the rest of the episodes, visit the series page. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    1 hr and 16 mins