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.
Episodes
July 7, 2026 • 44 mins
This week, we’re continuing our archive miniseries, Myths That Built Trickle-Down Economics, with the myth that bad economic ideas die once the evidence proves them wrong.
They don’t. They come back as zombie ideas: tax cuts for the rich sold as growth policy, safety-net cuts sold as responsibility, and market fundamentalism sold as common sense. These ideas have failed again and again, but they keep returning because ...
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This week, we’re continuing our archive miniseries, Myths That Built Trickle-Down Economics, with the myth that corporations exist to maximize shareholder value.
For decades, Americans were sold the idea that if corporations focused on boosting stock prices and rewarding shareholders, prosperity would trickle down to workers, consumers, and communities. Instead, shareholder primacy helped justify stock buybacks, wage suppres...
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June 23, 2026 • 39 mins
This week, we’re kicking off our archive miniseries, Myths That Built Trickle-Down Economics, with one of the most persistent myths in American politics: that regulation kills growth.
Corporate lobbyists and trickle-down evangelists have spent decades branding any rule that limits big business as a “job killer.” But what if good regulation isn’t the enemy of prosperity, but one of the things that makes pros...
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June 16, 2026 • 38 mins
AI doomsdayers want us to believe mass job loss would be unprecedented. But Kathryn Anne Edwards has a sharp reminder: In the first five weeks of the pandemic, the U.S. economy shed 22.5 million jobs—larger than any single AI job-loss estimate she has seen. The difference was policy. Unemployment support, direct cash to families, and a strong public response helped workers survive the shock and helped the labor market recover...
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June 9, 2026 • 38 mins
Why have wages for working Americans stagnated for decades—even as productivity, corporate profits, and the wealth of the people at the top continued to rise?
The mainstream explanations are familiar: automation, globalization, education, or simply the unavoidable forces of the market—but wage stagnation was not inevitable. It was the result of policy choices.
This week, we’re revisiting a conversation with econ...
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June 2, 2026 • 56 mins
For the first time in Pitchfork Economics history, Nick Hanauer is on the other side of the mic.
Goldy and Paul sit down with Nick to discuss Market Humanism: the emerging economic paradigm he and Eric Beinhocker believe can replace the trickle-down ideas that have shaped American policymaking for the past 50 years.
Why have wages stagnated while inequality soared? Why does conventional economics treat policies that help ordinary...
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May 26, 2026 • 31 mins
This week, we’re sharing a special episode from Washington Monthly featuring Pitchfork Economics co-host Nick Hanauer and Oxford professor Eric Beinhocker in conversation with Anne Kim about Market Humanism.
For decades, American capitalism has been organized around efficiency, shareholder value, and the idea that prosperity naturally trickles down from the top. But as Nick and Eric explain, that story has failed on its own ...
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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 an...
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May 12, 2026 • 38 mins
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 o...
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May 5, 2026 • 48 mins
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 ...
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April 28, 2026 • 33 mins
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 Capital...
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April 21, 2026 • 43 mins
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...
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April 14, 2026 • 50 mins
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 ...
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April 7, 2026 • 48 mins
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 Wron...
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March 31, 2026 • 45 mins
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 suppos...
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March 24, 2026 • 43 mins
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 abou...
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March 17, 2026 • 43 mins
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 cultu...
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March 10, 2026 • 39 mins
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 ho...
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March 3, 2026 • 46 mins
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...
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February 24, 2026 • 40 mins
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...
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