Her crime had been to strike at the heart of free market economic orthodoxy. Paul Krugman called her “truly stupid,” and lesser-known figures called her much worse. The leading lights in her field annihilated her for it. I’m Ryan Grim.Īt the very end of 2021, an economist at the University of Massachusetts Amherst named Isabella Weber published a short op-ed in The Guardian that surprised her, and everybody else, by going viral in a very bad way. Ryan Grim: Welcome to an on-the-road edition of Deconstructed. government, how it brings down prices, how the Biden administration has used it and could use it more, and how Galbraith’s father - economist and politician John Kenneth Galbraith - was instrumental in setting price controls during World War II. Galbraith and Grim discuss the implementation of price controls by the U.S. Congress and an economist for the House Banking Committee. Galbraith has an extensive history of working in government, including as executive director of the Joint Economic Committee of the U.S. Galbraith, a professor of government and business relations at the University of Texas at Austin. But why not set price controls instead? This week on Deconstructed, Ryan Grim is joined by James K. Centrist and right-wing economists continue to advocate for laying off workers and engineering a recession to address inflation.
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