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City Journal Audio

Making Sense of Markets

City Journal Audio

Manhattan Institute

News, News Commentary, Politics

4.7657 Ratings

🗓️ 30 March 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

Wall Street Journal deputy editorial features editor Matthew Hennessey joins Brian Anderson to discuss economics for non-economists and the enduring wisdom of Adam Smith. His new book, Visible Hand: A Wealth of Notions on the Miracle of the Market, is out now.

Transcript

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0:00.0

Welcome back to the Ten Blocks podcast. This is Brian Anderson, the editor of City Journal.

0:20.8

Joining me on the show today is an old friend, Matthew Henness Anderson, the editor of City Journal. Joining me on the show,

0:21.9

today is an old friend, Matthew Hennessy, the Wall Street Journal's deputy op-ed editor. Before he went

0:27.9

to the journal, Matt was an associate editor at City Journal, where he wrote any number of articles

0:34.0

for us on numerous topics. Today we'll discuss his brand new book, which is coming

0:39.5

out this April, Visible Hand, A Wealth of Notions on the Miracle of the Market. It's published

0:48.1

by Encounter Books. April 12th is the official release date. Visible Hand offers a guide to basic economic principles and written in Matt's very punchy

0:58.8

and clear English.

0:59.8

So Matt, thank you very much for joining us.

1:01.8

No, it's my pleasure, Brian.

1:03.6

It's good to be back.

1:05.6

So the book begins with an admission.

1:08.3

You were not an economist.

1:09.8

In fact, you acknowledge that you once found

1:12.0

economics somewhat intimidating. Much of what you know about the topic, you've learned through

1:18.6

observation, self-guided study. So what prompted you to write a book on this subject,

1:25.5

and how is your perspective on these issues formed? And really,

1:29.0

what can a non-specialist bring to the topic of economics that a formally trained economist

1:37.6

might overlook? Well, I started writing the book for the same reason that I often set pen to paper, which

1:46.8

is I get an idea in my head and I can't shake it.

1:50.4

The first victims of this idea usually are my family, my children, so I find myself

1:55.0

the lecturing in the car or in the living room on a certain topic.

...

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