Debunking Neoclassical Economics and Misconceptions About Wages

Ever find yourself halfway through a Pitchfork Economics episode thinking, “Wait… what’s a monopsony?” You’re not alone.

In this listener-favorite episode, Nick and Goldy break down some of the most important—and most misunderstood—economic terms we use on the show. From ‘neoclassical’ and ‘neoliberal’ to ‘monopoly’, ‘monopsony,’ ‘stock buybacks,’ and ‘heterodox economics,’ we cut through the jargon so you can focus on what really matters: understanding how the economy works—and who it works for.

Part of our Back-to-Basics summer series. Fun, clear, and essential episodes for new (or slightly confused) listeners.

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