Oren Cass on the Invisible Hand

The recent scramble for the minerals that go into our electric vehicles, solar panels, and defense systems has exposed vulnerabilities in the supply chains. Mineral markets are complex, spanning dozens of materials found around the world, but the real challenge is processing. Mor ...  Show more

As global powers face rising geopolitical tensions, sanctions, export controls, and tariffs are once again tools of leverage, marking the resurgence of geoeconomics, where economic policy and national security converge. This approach to business was largely abandoned by the West ...  Show more

After the 2008 financial crisis, and especially after the COVID pandemic of 2020, an increasing number of Americans are questioning the wisdom of unregulated markets and envisioning a more active role for the state. Scholars have coined a panoply of neologisms to capture this ...

Classical economics, emerging in the late 18th century, emphasizes free markets, individual initiative, and minimal government intervention. Key figures like Adam Smith, David Ricardo, and Thomas Malthus shaped its principles, advocating for self-regulating markets, division of l ...  Show more

This interview was recorded on a drive down from Leen’s Lodge in rural Maine, as Talmon and Jack returned from “Camp Kotok,” the renowned retreat for prominent economists, wealth managers, traders, heads of research, and financial journalists. Talmon and Jack talk about the cooli ...  Show more

Why do some nations fail and others succeed?In the late 1990s and early 2000s, three economists formed a partnership that would revolutionize how economists think about global inequality. Their work centered on a powerful — and almost radically obvious — idea: that the economic f ...  Show more