Nick Lemann on Shooting Sacred Cows (in Economics)

It's easy to take the economic mores of the time in which you live for granted. It's so easy, in fact, that it doesn't occur to most of us to question them. But question them we should. In his new book, TRANSACTION MAN, longtime journalist and Dean Emeritus of the Columbia Journalism School Nick Lemann shows that the beliefs that have shaped our modern world are not inviolable truths, but rather temporary and fragile constructs. In this episode, Bethany and Nick range from the 1950's-era belief that big corporations were the keepers of the social good, to the modern era of profit maximization, and agree that we need to keep questioning economic models and trends...because you never know when you’ll realize, all of a sudden, that they’re wrong.

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