The economist Joseph Stiglitz has devoted his life to exposing the limits of markets. He tells Steve about winning an argument with fellow Nobel laureate Milton Friedman, why small governments don’t lead to more freedom, and why he’s not afraid to be an advocate.
Yesterday
171. Measuring Pollution on Parallel Earths
<p>Michael Greenstone knows it’s corny, but he wants to make the world a better place — by tracking the impact of air quality, developing pollution markets in India, and … starting a podcast, which Steve says proves he’s over the hill.</p><p> </p><ul><li><strong>SOURCES:</strong> ... Show More
56m 1s
May 2025
634. “Fault-Finder Is a Minimum-Wage Job”
<p>Austan Goolsbee, president of the Federal Reserve Bank of Chicago, is less reserved than the average banker. He explains why vibes are overrated, why the Fed’s independence is non-negotiable, and why tariffs could bring the economy back to the Covid era.</p><p> </p><ul><li><st ... Show More
1h 2m
Dec 2023
Milton Friedman and the Making of Our Times (w/ Jennifer Burns)
<p>In this episode, Matt and Sam are joined by Stanford historian Jennifer Burns to discuss her new biography of Milton Friedman, the Nobel Prize-winning economist whose influence would reach far beyond the academy when, during his last decades, he became one of the most effectiv ... Show More
1h 37m
Mar 2025
Should America Be Run by … Trader Joe’s? (Update)
<p>The quirky little grocery chain with California roots and German ownership has a lot to teach all of us about choice architecture, efficiency, frugality, collaboration, and team spirit.</p><p> </p><ul><li><strong>SOURCES:</strong><ul><li><a href="https://www.linkedin.com/in/ki ... Show More
48m 1s
May 2024
Joseph E. Stiglitz, "The Road to Freedom: Economics and the Good Society" (Norton, 2024)
In his latest book, The Road to Freedom: Economics and the Good Society (W. W. Norton, 2024), Nobel laureate Joseph E. Stiglitz rethinks the nature of freedom and its relationship to capitalism.
While many agree that freedom is good and we want more of it, we don’t agree about w ... Show More
42m 15s
Mar 2025
625. The Biden Policy That Trump Hasn’t Touched
<p>Lina Khan, the youngest F.T.C. chair in history, reset U.S. antitrust policy by thwarting mega-mergers and other monopolistic behavior. This earned her enemies in some places, and big fans in others — including the Trump administration. Stephen Dubner speaks with Khan about he ... Show More
1h 3m