AI Summary
5 min read🎙️ The Voices & The Context
- The Format: Casual podcast interview with hosts bantering on NYC politics before diving into a deep intellectual discussion.
- The Key Players:
- Hosts: Joe Weisenthal and Tracy Alloway – sharp, witty Bloomberg finance journalists with great chemistry, blending timely NYC mayor chit-chat with probing economic questions.
- Guest: Jami Moudud – economics professor at Sarah Lawrence College, board member of Law and Political Economy Collective; expert on heterodox economics and intellectual history, challenging mainstream views.
- The Vibe: Educational and intellectual with fun banter; optimistic about rethinking economics amid NYC affordability debates.
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What you'll learn
- 1 (00:00) **🎙️ Introduction: Jami Modude**
- 2 (01:37) **NYC Mayor's Snowstorm Test and Heterodox Policies**
- 3 (06:20) **Teaching Economics and Defining Orthodoxy**
- 4 (08:00) **Adam Smith as Institutionalist**
- 5 (13:00) **Rise of Neoclassical Economics**
- 6 (19:45) **Post-War Industrial Policy in Europe**
- 7 (22:43) **Applying to Mamdani's Agenda (Taxes, Rent)**
+ Full timestamped outline available in the app
Show Notes
NYC Mayor Zohran Mamdani has certain ideas that make mainstream economists' head explode. Anything in the ballpark of rent control, specifically, is widely derided by defenders of the orthodoxy. But how did the orthodoxy become the orthodoxy? And how did the heterodoxy become the heterodoxy? On this episode, we speak with Jamee Moudud, a professor of economics at Sarah Lawrence College and author of the new book, Legal and Political Foundations of Capitalism. His scholarship sits at the intersection of economics and legal theory. He argues that one can not analyze the economy as if it were some separate thing that exists outside of the institutional and political realities of the time. We discuss the history of economics in the 19th and 20th centuries, and why certain ideas were adopted by the field, while others discarded and relegated to the margins.
Read more:
Mamdani Stacks NYC Board to Carry Out Promised Rent Freeze
Mamdani Threatens to Hike NYC Property Tax to Fill Budget Hole
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