A brief history of Middle-Out Economics (with Michael Tomasky)

We’ve lived in the shadow of trickle-down economics for over 40 years. During that time, our leaders unquestioningly embraced economic policies that prioritize the wealthiest and most powerful, with the idea that their wealth will eventually “trickle down” to everyone else. Finally, a contrasting progressive economic understanding is beginning to take hold. Middle-out economics—the idea that prioritizing the working- and middle-class is better for everyone in the economy—is having a moment. But where did middle-out come from? Michael Tomasky’s new book chronicles the history of middle-out and the rise of progressive economics in the United States.

Revisiting the history of Middle-Out Economics (with Michael Tomasky)

We’ve lived in the shadow of trickle-down economics for over 40 years. During that time, our leaders unquestioningly embraced economic policies that prioritize the wealthiest and most powerful, with the idea that their wealth will eventually “trickle down” to everyone else, but it just hasn’t. But 2023 has been a big year in passing middle out economic policies and advancing the middle out economic narrative. In a future episode we’ll be talking about the biggest middle out research and policies that are making a real difference in people’s lives and are changing the way we think about economic cause and effect. In advance of that we wanted to revisit the history of middle out via a conversation we had with journalist and author, Michael Tomasky. At the time, he had just released a new book about the rise of progressive economics in the United States.