BEGIN:VCALENDAR VERSION:2.0 PRODID:-//sebbo.net//ical-generator//EN URL:https://lectures.london/london-school-of-economics/the-new-supplyside- era-the-oring-meets-geopolitics/calender.ics NAME:Lectures London X-WR-CALNAME:Lectures London TIMEZONE-ID:Europe/London X-WR-TIMEZONE:Europe/London BEGIN:VEVENT UID:9a54d46a-ff24-43f0-a32a-4846fe356e7b SEQUENCE:0 DTSTAMP:20260818T062556 DTSTART:20260914T173000 DTEND:20260914T183000 SUMMARY:The new supply-side era: the O-ring meets geopolitics LOCATION:London School of Economics: In-person public event (LSE campus\, venue tbc to ticketholders) DESCRIPTION:Monday 14 September 2026 6.30pm - 7.30pmSpeakerDr Peter R Orsz agChairProfessor Larry KramerLazard CEO and Chairman Peter Orszag sees a n ew supply-side era taking shape\, in which supply shocks that are increasi ngly geopolitical in origin and rooted in the physical world have displace d 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 n etwork 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 lat er. Both policymakers and corporate leaders need to adapt their thinking t o this new era.Meet our speaker and chairPeter R Orszag is CEO and Chairma n of Lazard. Mr Orszag joined Lazard in 2016 and previously served as CEO of its Financial Advisory business. He has had a distinguished career span ning finance\, public policy\, and academia. Prior to joining Lazard\, Mr. Orszag was Director of the Office of Management and Budget (OMB) in the O bama Administration and Director of the Congressional Budget Office (CBO). He also served in the Clinton Administration at the Council of Economic A dvisers and as Special Assistant to the President for Economic Policy.Mr O rszag is a member of the National Academy of Medicine\, the Council on For eign Relations\, and the Aspen Economic Strategy Group. He also serves on the boards of the Institute for Advanced Study\, the Peterson Institute fo r International Economics\, and Mount Sinai Hospital. He graduated summa c um laude from Princeton University and earned his Ph.D. from LSE as a Mars hall Scholar.Larry Kramer has been President and Vice Chancellor of LSE si nce April 2024. A constitutional scholar\, university administrator\, and philanthropic leader\, he was previously the President of the William and Flora Hewlett Foundation and the Dean of Stanford Law School.More about th is eventThe School of Public Policy is an international community where id eas and practice meet. 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