Expanding Economics

Claudia Goldin is a labor economist at Harvard who is the most recent Nobel Laureate in economics “for having advanced our understanding of women’s labour market outcomes”. Among her many accolades and contributions, she has made history becoming the first woman to get tenure in Harvard's economics department as well as the first woman to receive the Nobel prize in economics solo. We wanted to congratulate Claudia Goldin on receiving the Nobel Prize in Economics. However, as we began to explore her contributions to the fields of labor and feminist economics our attention was drawn to something else... Women economists or, lack thereof. In this episode, first-time hosts Sasha and Zoya raise crucial questions about the roots of this disparity, starting with undergraduate education. Together, they discuss the far-reaching implications of this gender gap for the field of economics and actionable steps to foster inclusivity and equality. Tune in to gain insights and perspectives on dismantling barriers for women in economics on this episode of the expanding economics podcast. The papers referenced in this episode: WHAT DID UWE DO FOR ECONOMICS: https://www.nber.org/system/files/working_papers/w31432/w31432.pdf Alice Wu Paper (Gendered Language on the Economics Job Market Rumors Forum): https://www.aeaweb.org/articles?id=10.1257/pandp.20181101 Check us out on social media!: https://www.instagram.com/expandingeconomics Find out more at: https://the-expanding-economics-podcast.pinecast.co/ Find out more at https://the-expanding-economics-podcast.pinecast.co

In this episode, Sofia shares some of her previous work in Economic Sociology, a subfield that often clashes with Neoclassical economics in its analysis of various economic phenomena. Within it, the study of money and its social meanings is a central topic and subject to widespread debate. After outlining the various perspectives and theories posed by scholars in the field, Sofia searches to explain the rise of cryptocurrencies and other alternative monetary movements and the challenges they face.  We hope you enjoy!   Read the full paper and sources used here: https://docs.google.com/document/d/1TxIIG0UWcSZ84AO0Wn1qXPWMMcbKrTee/edit?usp=sharing&ouid=106556826125274612654&rtpof=true&sd=true Find out more at https://the-expanding-economics-podcast.pinecast.co

Hi everyone, and welcome back to Expanding Economics! To follow up on our last episode on Degrowth Economics, we invited Jade to discuss the attempts to implement green growth policies and how effective they are at achieving C02 reduction targets. After talking a bit about her own experience at McGill and some of the pros and shortcomings of studying economics and political science, we touch on why green growth is more politically appetizing, some of the tangible policies that have been implemented in the Netherlands and what's next for tackling the ecological crisis. If you want to get more involved with Expanding Economics, follow us on Instagram or Facebook for future opportunities! @expandingeconomics Find out more at https://the-expanding-economics-podcast.pinecast.co

As we all grapple with the threats posed by the climate crisis, economists, politicians, and everyday people outside the ivory tower are searching for a way forward. The Degrowth movement offers a solution that challenges the traditional pursuit of perpetual economic growth as the ultimate goal for society. Instead, it proposes a steady state economy that prioritizes social and ecological well-being over economic growth, calling for a fundamental rethinking of our approach to the economy. In today's episode, Sofia and JP will delve into the reasons why he believes that Degrowth is the way forward. They will also explore the steps that are being taken in this direction to achieve a more sustainable and equitable economic system. Stay tuned for our next episode on Green Growth and decide for yourself. Check out JP's article in Climatalk: https://climatalk.org/2023/03/05/degrowth-post-growth-policies-green-economics-economy/?fbclid=IwAR3nUQInC-uMrfIoDvDztWu_Vq8tz_v0AF6MQxb3IY1LjfDGu51QxMehClc Follow us: https://www.instagram.com/expandingeconomics/ Find out more at https://the-expanding-economics-podcast.pinecast.co

Professor Kristen Ghodsee teaches Russian and East European studies at the University of Pennsylvania. She is known for her ethnographic work in post-soviet countries where she studies gender relations and other legacies of 20th century communism. In her book, Why Women Have Better Sex Under Socialism, she argues that when the state steps in to support families with reproductive labour and care work, women are able to gain financial independence which leads to more egalitarian and fulfilling romantic relationships. In this episode, Sofia and Professor Ghodsee discuss how exactly socialist state intervention impacted women's working lives behind the iron curtain, what this tells us about capitalism and what neoclassical economics has to do with any of this. Read her original op-ed here: https://www.nytimes.com/2017/08/12/opinion/why-women-had-better-sex-under-socialism.html Access the full text: https://www.boldtypebooks.com/titles/kristen-r-ghodsee/why-women-have-better-sex-under-socialism/9781568588896/ Check out her future work: https://www.simonandschuster.com/books/Everyday-Utopia/Kristen-R-Ghodsee/9781982190217 Follow us for more updates: https://www.instagram.com/expandingeconomics/?hl=en Find out more at https://the-expanding-economics-podcast.pinecast.co

In this episode we are joined by Michael Babcock; Ph.D. candidate at McGill University where he studies natural resource development and teaches Ecological Economics. After taking Michael's class myself, I felt that the way I viewed the discipline of economics and the world more broadly had been drastically changed. Economists of the future must be thinking about how we will go on to power society and the impacts that have on the environment, Ecological Economics provides an opportunity for us to update our economic thinking and goals to be better suited to what is arguably the most pressing issue of our time.

For the last few episodes the Expanding Economics team has been discussing inflation, crashing markets, and whatever other economic problems we uncovered along the way. This time, we wanted to hear from someone outside of the group and see how their economic perspective differs from ours. On this episode, we are joined by fellow economics undergrad Georges Rigas to see how well our education has (or has not) equipped us to discuss some of the most pressing economic questions of the moment. We hope you enjoy it - if you are interested in being our next podcast episode, contact us with a pitch! expandingecon.mtl@rethinkeconomics.org

In this episode Sofia and Andrew discuss NIMBYism and why it is pervasive and harmful to the Canadian housing market. After months of consecutive record breaking highs, Canadian housing prices have finally begun to show signs of decline in response to rising interest rates, but what caused this boom in the first place? Has housing just become another speculative asset or do prices reflect market fundamentals of too much demand and constricted supply?

Welcome back to the Expanding Economics podcast, in part three of our series on inflation, we delve into the economic history of inflation to better understand why it is a problem and how we keep getting ourselves into this situation. We discuss post-WW1 Germany, the 1970s oil crisis, and how the low inflation in the decades since led us to where we are today. Finally, we ask ourselves the age-old question that has been dividing economists for decades... "is inflation a monetary phenomenon?".

Welcome back to the Expanding Economics Podcast!   This episode is part one of a three-part series on inflation. As inflationary pressures continue to rise throughout the world, we look at how we got here, what it signals for future economic outcomes and what economic theory does or does not have to say about it.   In part one we start with the impact of the pandemic and government fiscal policies on supply chains, aggregate demand and employment. To what extent was government intervention necessary to help keep the economy afloat and what trade-offs had to be made and could we have done better? While there are no clear-cut answers, in this episode we attempt to make a start at dissecting such issues.   Thanks for listening and stay tuned for part two!

Montreal is an international hub for artificial intelligence research, with the world’s largest academic AI research community. Industry has quickly followed, with leaders in big tech such as Microsoft establishing research labs in Montreal. In this episode, we unpack the current state of the local AI industry and AI governance with scholar Ana Brandusescu to understand the impacts of this industry on the city of Montreal.  If you would like to read more of Ana’s work, you can check out her website, https://www.anabrandusescu.com/ or follow her on Twitter @anabmap.

While many universities are divesting from fossil fuels in response to the climate crisis, McGill University continues to invest about $40 million in oil and gas. The student activists at Divest McGill have been working hard since 2012 to change this, but McGill’s Board of Governors is not budging. In this episode, we discuss why fossil fuel divestment is important for the environmental justice movement, why institutions often claim that financial investments are not a political issue, and why McGill refuses to divest. We talk to Noah Fisher, a student activist at McGill, and Dr. Darin Barney, a former faculty representative on the Board of Governors, who resigned from the board along with Dr. Derek Nystrom in 2019 when McGill’s Committee to Advise on Matters of Social Responsibility (CAMSR) once again refused to divest. You can learn more about Divest McGill on their website, divestmcgill.com. Darin Barney’s work can be found at darinbarneyresearch.mcgill.ca and griersonresearchgroup.ca.

In this episode, we dive into a topic that is ignored by many economists: the role of race and group identity in economics. We have an obligation to acknowledge how, by externalizing race, economic theory upholds racist systems and perpetuates socially unequal outcomes. Our economic status quo fails to support black lives, especially amidst economic shocks such as the COVID-19 pandemic. We speak with Joelle Gamble, principal of the reimagining capitalism team at Omidyar Network, to better understand how racial bias is deeply rooted in economics— in our conception of the “economy”, its focus on objective outcomes, and in the assumptions embedded in economic theory. Part 2 of our 2 part series examining the role of the economy in serving public interest

There has been a sense of urgency to restart the economy, given that measures to limit the spread of COVID-19 have simultaneously caused a major slowdown of economic activity. Some politicians, such as Lt. Governor of Texas Dan Patrick, have gone as far as promoting human sacrifice in the hopes of saving economic life. This sort of rhetoric that favours the economy over human life brings into question what the function of “the economy” is, if it does not fundamentally serve as a system of human subsistence and existence. In this episode, we speak with scholar of critical theory and post-autonomist thought, Burç Köstem, about whether the economy exists as a distinct social sphere, and whether it really is at odds with public health. Part one of a two-part series examining the role of the economy in serving public interest.

In our second episode, we spoke with Julian Karaguesian, economic history professor at McGill University. We discussed how the neoclassical school of thought came to dominate economics as we know it and shape global capitalist society at large. Get in touch at expandingecon.mtl@rethinkeconomics.org

Most university economics students are exposed to mainly one school of economic thought: neoclassical economics. For students to have an education that promotes critical thinking and an understanding of economic events and policies, they must gain exposure to alternative perspectives, the so-called 'heterodox' schools. The Expanding Economics Podcast aims to shift the focus in economics and incorporate concepts such as environmentalism, clarity and social justice in economic thinking. In our first episode, we discuss the modern framework of university economics education, the dominance of neoclassical economics, and its drawbacks. We are joined by Professor Chris Barrington-Leigh and undergraduate students Lucy Everett, Maanav Sunderaraman, and Claire Downie to wrap our heads around what should be changed in university economics.