Public policy in the United States is conducted in the language of budgets, models, and cost-benefit analyses. But how accountable are the ideas of economics and economic efficiency to the public?

University of Michigan’s Elizabeth Popp Berman is a sociologist and historian of economic thought and the author of the book Thinking Like An Economist: How Efficiency Replaced Equality in U.S. Public Policy. On this episode of the Capitalisn’t podcast, she joins hosts Bethany McLean and Luigi Zingales to discuss economics’ history as a pervasive influence in the halls of political power.

More from Chicago Booth Review

More from Chicago Booth

Your Privacy
We want to demonstrate our commitment to your privacy. Please review Chicago Booth's privacy notice, which provides information explaining how and why we collect particular information when you visit our website.