Alex Tabarrok is a professor of economics and co-author, with Tyler Cowen, of the blog Marginal Revolution. A strident critic of institutional failure during the pandemic, Tabarrok has applied his libertarian perspective to a wide range of topics, including public health, regulation and the law, criminal justice, and entrepreneurship.

In this week’s conversation, Alex Tabarrok and Yascha Mounk discuss the failure of American institutions to respond to COVID-19, the cost of insufficient economic innovation, and the possibility of building a more agile and resilient American society.

This transcript has been condensed and lightly edited for clarity.

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