Freakonomics Radio

673. What Is Money?

251 snips
May 1, 2026
David Lang, a Pulitzer-winning composer and Yale music professor, turns Adam Smith’s The Wealth of Nations into a bold oratorio. He explores money as a human connector, trade and labor as emotional experience, and the idea of “enough.” Along the way: why he left pre-med, how he composes, and what it takes to bring a risky new work to life with the New York Philharmonic.
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INSIGHT

David Lang Found Human Connection Inside Economics

  • David Lang shifted from Adam Smith’s factory imagery to a bigger idea that trade is what binds people together.
  • He treats money as a token passing between connected people, representing labor more than intrinsic value.
ANECDOTE

David Lang Learned Enough From A Freelancer's Life

  • David Lang says freelancing in the arts forced him to get comfortable with having less and define enough very narrowly.
  • He cites Mr. Micawber’s one-penny rule and recalls his mother urging medical school after his Cleveland Orchestra performance.
ANECDOTE

The Piece David Lang Feared Would Be Blasphemous

  • David Lang built The Little Match Girl Passion by replacing Jesus with Andersen’s freezing girl inside Bach’s Passion framework.
  • He feared it would seem blasphemous, but the experiment instead won him the Pulitzer Prize.
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