Economics: Theory Meets Reality

A small group of elite universities holds an outsized influence over the field of economics, shaping research, policy, and the broader economic narrative. But is that concentration of power stifling innovation and reinforcing the status quo? This week, Harvard economist David Deming joins Nick and Goldy to discuss his recent Atlantic article, in which he argues that Big Econ functions like a monopoly—limiting competition, excluding diverse perspectives, and making it harder for new ideas to take hold. 

David Deming is the Isabelle and Scott Black Professor of Political Economy at the Harvard Kennedy School. Deming is also a research associate at the National Bureau of Economic Research and Associate Editor of the Journal of Economic Perspectives.

Social Media:

@ProfDavidDeming

Further reading:

Break Up Big Econ

DOGE Is Failing on Its Own Terms

David Deming’s Substack Forked Lightning

The Trouble With Macroeconomics

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