In this episode we discuss the history of how neoclassical economics achieved its hegemonic dominance, and the rise of ecological economics as a coherent alternative to the neoclassical paradigm, which is the main focus of Prof Erickson’s new book The Progress Illusion. We pick up stories along the course of Prof Erickson’s journey from neoclassically-trained environmental economist at Cornell, through discussing the emerging concept of natural capital during the fall of Pinochet in Chile, to running one of the world’s most influential ecological economics academic centres. Edited by Aidan Knox.