The Inequality Podcast

It is a simple but persuasive idea: In a world of scarcity, rewards like jobs and pay should be distributed based on ability and effort, not birthright, connections, ways of living, wealth, and so on. Meritocracy, framed this way, may sound utterly uncontroversial. Yet the idea has its fair share of critics, who argue that “merit” tends to accrue to those lucky enough to have well-heeled, well-con...

Beginning in the 1980s, a new political order led policymakers to prize economic efficiency, often at the expense of public goods. What has followed, our guest argues, has been a withdrawal of ethics from policy making, as well as an “erosion of kindness.” Our guest proposes a different ethos, one that hearkens back to a time before the pursuit of efficiency blinded us to other essential human val...

From Adam Smith’s pin factory to Henry Ford’s assembly line, specialization has long connoted a modern, efficient economy. Within this paradigm, workers’ jobs become repetitive but, ultimately, entail a narrow scope of tasks. So why, in today’s ultra-optimized economy, are so many supposedly specialized workers juggling so many wide and varied responsibilities? Michelle Jackson is a sociologist at...

It is no secret that the power of American unions has waned since the middle of the 20th century. Their downturn has had far-reaching consequences: As the threat of organized labor recedes, employers may feel less pressure to offer concessions. Our guest today has done significant work studying the decline of the labor movement and its repercussions for workers, unionized or not. Few are better po...

Inequality is often framed in terms of a binary: rich and poor, haves and have nots. But inequality between groups — based on gender, class, race, and so on — must be understood alongside inequalities within particular groups, at particular intersections of identity. Our guest today has contributed foundational work to this intellectual framework. She has also enriched our understanding of how Ame...

To a large degree, the levels of inequality present in the United States intensified in the 1980s and 1990s. Starting in those decades, the poorest Americans began facing new threats, such as the “reforms” made to social welfare programs and the rise of mass incarceration. Our guest today has spent 30 years studying how politics and policy have shaped the lives of America’s poor, and his new book...

We all belong to networks. Whether in the boardroom or the barroom, human beings use networks to try to achieve their goals. But not all networks are created equal, and so access to them (or the lack thereof) can drive inequality. At the same time, the networks with which we identify most — such as friends, family and colleagues — are often not the connections that prove most decisive. Rather, as...

Among ancient civilizations, Rome inspires a special kind of fascination in the Western World. While the parallels between society now versus then are often overstated, we nevertheless can better understand ourselves by endeavoring to understand those who lived 2,000 years ago. Our guest’s work explores one facet of Roman life that reverberates in the way we live today: the surprisingly sophistica...

Across three seasons of The Inequality Podcast , thinkers from a range of disciplines have discussed how their work helps us understand inequality. Given the breadth and depth of the research featured, it is difficult to believe that the subject was once an afterthought in economics. For our 50th episode, we present a scholar whose groundbreaking ideas have proven integral to the study of inequali...

As part of the current immigration crackdown, federal agents have turned to profiling, making stops on the basis of occupation or perceived ethnicity. In a system where confirming legal status can take days or weeks, agents are finding shortcuts in stereotypes. Aside from the dubious constitutionality of these stops, the assumptions behind these tactics raise questions: What makes someone look ill...

Immigration has once again taken center stage in the United States. While the federal government’s crackdown continues to unfold, the ideas driving immigration politics are far from new. Concerns about economic competition and cultural assimilation would have been familiar to Americans a century ago. Yet research from our guests demonstrates that many of the commonly held beliefs about immigrants...

There is an old cliche about imagining the end of capitalism. But explaining the rise of capitalism presents its own challenges. Human beings have congregated in marketplaces for millennia. When did simple barter and trade tip into what we call capitalism? And why did that particular system conquer the world? Answering such questions requires an interdisciplinary approach, and perhaps there is no...

Economics as a discipline holds particular authority among the social sciences. The field owes its heft in part to the sophistication of its methods and models, both of which seem to grow ever more intricate. But what if in its quest for more complex techniques, mainstream economics is overlooking basic yet essential questions: For one, what is the economy? Jonathan Levy is a historian at Sciences...

With the university closed for its winter recess, we are sharing a favorite recording from the Stone Center’s archives. It is a live panel discussion about Equality: The History of an Elusive Idea , a book by Dartmouth history professor Darrin McMahon. The book is an intellectual feast, spanning centuries and bursting with insight about humanity’s quest to realize one of its highest, most fraught...

Over the past century, women’s roles in society have been transformed. It is straightforward enough to list changes in norms — around marriage, sex, jobs, and more. What is less obvious is how these updated norms have reshaped economies. Relationships have shifted between men and women, between women and their workplaces, and between the state and the family. The challenge now is evaluating the su...

Over the past several decades, American schools have improved significantly. The drastic gaps in achievement and funding that defined the early-to-mid 20th century have lessened, yielding an education system that, while not perfect, is far better than it was a generation or two ago. Even so, these gaps remain most pronounced for the students who start school with the fewest advantages, and researc...

From the Great Society to No Child Left Behind, policymakers from both parties have argued America’s schools are broken and need fixing. These failing schools, the thinking goes, exacerbate the inequality between advantaged groups and everyone else. But this approach comes with risks. For one, how might that focus on education overlook other, potentially more consequential sources of inequality? A...

Inequality along gender lines stubbornly persists both in the United States and abroad. In addition, measuring the relative importance of its varied causes can be difficult. But creative approaches to study design and decomposition methods have yielded new insights. Today’s guest is responsible for many of them. Nicole Fortin is a professor at the Vancouver School of Economics at the University of...

A sudden loss of income can devastate a household’s financial health, just as a payment from the government can bolster it. The extent of the change in fortune — for good or ill — depends on factors such as household savings, which are, in turn, influenced by other forces, including racial inequality and economic policy. In short, understanding household finance requires grappling with myriad vari...

“Equal opportunity” is a powerful and popular idea. But in both theory and practice, actually equalizing opportunity may not always be the right goal. For example, a parent raising a child makes a million decisions large and small that will impact that child’s opportunities. Truly equalizing opportunity might mean standardizing many parental decisions, stripping parents of their agency and persona...

Choosing a college is one of the biggest financial decisions a young adult will make. It’s no secret that college is expensive, and that lower-income students often require more assistance to manage those high costs. What’s less well known is how access to credit—or the lack thereof—can enhance or reduce inequality. Alexander Monge-Naranjo is a vice president at the Federal Reserve Bank of Atlanta...

When it comes to inheritance, prosperity and adversity are two sides of the same coin. Inheritance can allow parents to pass economic security and opportunity to their children. But inheritance can also transmit disadvantages. The children of low-income parents may live in under-resourced neighborhoods, attend low-performing schools, receive inadequate health care, and overall be offered limited p...

Many undergraduates study the economy in depth only once: in an introductory survey course. But a traditional “Econ 101" syllabus can omit vital topics, including inequality and climate change. These subjects are often left for later courses, which most students will never take. Wendy Carlin is a professor of economics at University College London, where she co-directs the UCL Stone Center. She ov...

Some 300 years after his birth, Adam Smith remains a towering figure in economic thought — and one whose ideas are often oversimplified. While Smith is rightly remembered as a champion of free markets, he also wrote extensively about those left behind by unfettered capitalism, articulating a moral philosophy not nearly as well known as “the invisible hand.” Eric Schliesser is a professor of politi...

In every corner of the world, right-wing and even centrist policymakers voice a similar argument: that raising taxes will lead high earners to flee. In the United States, fear of tax flight looms large in blue states, where lawmakers worry local millionaires will decamp for tax havens like Florida and Texas. But research shows that even in states like Illinois, New York and California, millionaire...