The new supply-side era: the O-ring meets geopolitics
LSEHoughton Street
Tomorrow · 18:30 · Free
About this event
Lazard CEO and Chairman Peter Orszag sees a new supply-side era taking shape, in which supply shocks that are increasingly geopolitical in origin and rooted in the physical world have displaced demand as the dominant source of macroeconomic variance. This is not the supply side of the 1980s: the binding constraint is now the physical and network dependencies that a generation of globalisation wrought. Following UChicago economist Michael Kremer's O-ring logic, a single missing input can halt production far beyond it—which is why these shocks work through the economy slowly and unevenly, surfacing in prices months or years later. Both policymakers and corporate leaders need to adapt their thinking to this new era.
Follow the thread
If this is your kind of night, these are other ways in: a collection this venue belongs to, traditions it works in, and similar talks still playing in London this week.
This venue’s world
This venue sits in the collection, not this one title.
Traditions this room works in
Tags on the venue. Other London rooms carry the same lineage. Not a claim that this film invented the tradition.
Also playing this week
Same kind of night (talks) in London. Next dates first, not a ranking.
A different kind of night
Same city and close on taste. A different discipline, on purpose.
