Irwin Stelzer explains why we need a more political approach to economics—one that is more aware of the limitations of economic theory.

00:15 - 32:30

Kristol and Stelzer reflect on the financial crisis, its lingering effects on the American economy, and the state of markets and institutions.

32:30 - 40:04

How should we think about inequalities? What dangers might they pose to American democratic capitalism? Stelzer shares his perspective.

40:04 - 59:22

Stelzer offers a spirited defense of democratic capitalism, and warns that reforms are necessary to preserve and strengthen economic freedom.

59:22 - 1:19:28