THE DISMAL SCIENCE
How did our economists miss it? Were in a full-on
economic crisis. Where was the warning? In this hour of To the Best
of Our Knowledge, a look at the so-called dismal science. Well
talk with the winner of the 2008 Nobel Prize for Economics on why the
alarm bells never rang. And, why is it that drug dealers, with all the
money they make, still live with their moms? For that answer and more,
well apply Freakonomics.
Paul Krugman won the 2008 Nobel Prize in Economics
and teaches at Princeton. His latest book is "The Return of Depression
Economics and the Crisis of 2008." He talks with Steve Paulson.
Also, Stephen Marglin is a professor of economics at Harvard
and the author of "The Dismal Science: How Thinking Like an Economist
Undermines Community." He tells Jim Fleming that modern insurance
has replaced old community-based support systems, to our detriment.
Katy Lederer is a poet who used to manage a
hedge fund. Her latest book is "The Heaven-Sent Leaf." She
reads from it and talks about her work with Anne Strainchamps. Also,
Steven Levitt is a professor of economics at the University of
Chicago, and the author of "Freakonomics." He tells Steve
Paulson that things like the housing bubble made no sense to him and
his colleagues, and that economic policy is driven by politics, not
Catherine Austin Fitts was the Federal Housing
Commissioner and Assistant Secretary of Housing under the first Bush
administration. She managed a Wall Street investment firm and is now
president of Solari, Inc. - an investment firm dedicated to ethical
investing. Fitts tells Jim Fleming that a sustainable economic future
is possible through equitable and ethical investing.
CD copies are available at 1-800-747-7444.
Ask for program number 09-02-01-A.
Books & CDs:
Paul Krugman, The Return of Depression
Economics and the Crisis of 2008 (WW Norton)
Kay Lederer, The Heaven-Sent Leaf
|Steven Levitt and Stephen Dubner,
Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
(William Morrow Press)
|Stephen Marglin, The Dismal
Science: How Thinking Like an Economist Undermines Community (Harvard
- Playground for a Wedgeless
Form by the Chemical Brothers on their CD Exit Planet Dust on
- Everything in its Right Place by Radiohead
(Oakenfold Remix) downloaded with permission at radiohead.com.
- In Her Musicbox by Atmosphere on their
CD When Life Gives You Lemons, You Paint That Shit Gold on Rhymesayer
- Shuck Dub by RL Burnside off of his CD
Come On In on Fat Possum Records.
- Tomorrow is Already Here by Stereolab
off of their CD Emperor Tomato Ketchup on Matador Records.
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