How the "Economic Style of Reasoning" Came to Dominate Social Policy
Prof. Elizabeth Popp Berman is the author of Thinking like an Economist: How Efficiency Replaced Equality in U.S. Public Policy, which documents how a style of reasoning that heavily emphasizes efficiency over equality came to dominate U.S. social policy. In our conversation we discuss the rise of "cost-benefit analysis" and how applying the economists' favored framework excludes important values from being taken into account. We talk about what the "economic style" misses and the solutions it leads policy-makers to embrace in areas like student debt, healthcare, climate, and antitrust. (We…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.