Min Jin Lee, bestselling contemporary novelist, discusses how her background in economics influences her approach to writing and storytelling. The podcast explores how economic decisions in fiction writing reveal desires and motivations, how secret economists merged their passion for money into their novels, and the emotional complexities of a Korean family's immigration in the book 'Pachinko'. It also explores shipping as a manifestation of desires and frustration with financial jargon turned into literary gold. The author discusses the relationship between financial and political power, the use of language as tools of power, and gaining financial literacy.
Understanding people's motivations and decisions in fiction writing is rooted in economics, revealing deep insights into their values and priorities.
The global shipping network serves as a metaphor for translating desires into real-world economic actions, reflecting behavioral economics on a massive scale.
Deep dives
Importance of Fiction in Understanding Economics
Fiction author Min Jin Lee discusses how her novels tackle economic themes, highlighting the connection between economics and storytelling. She emphasizes that understanding people's motivations and decisions, which are crucial for fiction writers, is rooted in economics. Lee believes that money plays a central role in our lives and can reveal profound insights into our values and priorities. By examining people's financial choices, she argues that one can gain a deep understanding of who they are and what they care about.
Shipping and the Movement of Goods
Emily St. John Mandel, a novelist, expresses her fascination with shipping and its impact on our interconnected world. Inspired by an article about the recession's effect on the shipping industry, Mandel delves into the significance of the global shipping network. She explores the vibrant yet invisible web of ships moving across oceans, transporting goods and connecting people worldwide. Mandel harnesses the idea of shipping as a metaphor for how our desires are translated into real-life economic actions, representing behavioral economics on a massive scale.
Demystifying Money and the Power of Language
Author Ernon Diaz discusses his novel, Trust, which highlights the relationship between financial power and language. Diaz reveals his initial struggle to understand the complex world of finance and economics, but through extensive research, he gained greater insight. He examines the role of language in shaping economics, emphasizing how jargon and rhetoric can both obfuscate and consolidate power. Diaz's exploration of historical documents and congressional hearings exposed the dynamic between politics, financial power, and language. By demystifying finance in his writing, Diaz aimed to empower readers and create a deeper understanding of economic systems.
Some of the most influential and beloved novels of the last few years have been about money, finance, and the global economy. Some overtly so, others more subtly. It got to the point where we just had to call up the authors to find out more: What brought them into this world? What did they learn? How were they thinking about economics when they wrote these beautiful books?
Today on the show: we get to the bottom of it. We talk to three bestselling contemporary novelists — Min Jin Lee (Pachinko and Free Food for Millionaires), Emily St. John Mandel (Station Eleven, The Glass Hotel and Sea of Tranquility), and Hernan Diaz (Trust, In the Distance) – about how the hidden forces of economics and money have shaped their works.
This episode was hosted by Mary Childs and Alexi Horowitz-Ghazi. It was produced by Willa Rubin, edited by Molly Messick, and engineered by Neisha Heinis. Fact-checking by Sierra Juarez.