You’ve heard a lot of praise around here for Nick Schulz and his new book, From Poverty to Prosperity: Intangible Assets, Hidden Liabilities, and the Lasting Triumph over Scarcity (co-authored by Arnold Kling). Now hear Nick himself. He’s the subject of today’s NRO podcast. We discuss his definition of “Economics 2.0,” what’s wrong with “Freakonomics,” and why market failure is a sine qua non of success.