Plus Mises and Buchanan on socialism, the life of a sheep farmer, and a NEW From the Shelf conversation coming soon.

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** Econlib Newsletter
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July 2023

July is a month of celebrations of independence- in the United States, Canada, France, and the Bahamas, to name a few.

In addition to the terrific new content we introduce below, we wanted to take a moment and highlight just some of the other resources from our family of sites that might tickle your Independence Day fancy.
* There’s probably no better place to start exploring the American experience than in the American Revolution and Constitution Collection ([link removed]) at the Online Library of Liberty. While you’re there, you may want to show the Anti-Federalists ([link removed]) some love, too. If you’re curious about the reading habits of the Founders, you can explore their libraries ([link removed]) in this bibliographic essay. And for the Franco-philes, the OLL also has a terrific Collection on the French Revolution waiting for you to dig in.
* Our most popular Article ever is from Jeffrey Rogers Hummel in 2018, turning the Revolution into an externality story ([link removed]) . He writes, “In fact, the American Revolution, despite all its obvious costs and excesses, brought about enormous net benefits not just for citizens of the newly independent United States but also, over the long run, for people across the globe.”
* In 2008, Russ welcomed famed American historian Joseph Ellis ([link removed]) to EconTalk to discuss the triumphs and tragedies of the founding of the United States. In 2014, Yuval Levin joined him ([link removed]) to talk about the contrasting nature of the support Thomas Paine and Edmund Burke had for the American revolutionaries.
* How familiar are you with the Federalist Papers ([link removed]) ? At Law & Liberty, Henry Edmondson offers up some reasons they’re still relevant today.
* Adam Smith might not spring immediately to mind when you think about Independence Day, but maybe he should. In the Wealth of Nations ([link removed]) , he suggested Britain should let the colonies go! EconLog’s David Henderson explores Smith’s case against imperialism ([link removed]) in this Essay, part of their 1776 and the American Founding Collection ([link removed]) .

We hope you enjoy the selections above and all the new content we bring you below. We wish you a terrific month, and we’ll be back next month with more.

Until then, stay well and stay curious.


** NEW Econlib Articles
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July 2023


** The Boundaries of Fiscal and Monetary Policy
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By Leonidas Zelmanovitz

Zelmanovitz digs into the origins of the US Congress’ “power of the purse,” and finds much spending and policy to be violations of the Founders’ intent. And that includes the Fed.
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** A Child Comes With
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** His Own Bread
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By Rosolino Candela

Riffing off a Romanian proverb, Candela takes on yet more new concerns regarding overpopulation, correcting an error in our understanding of Julian Simon along the way.
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** Mises and Buchanan on Classical Liberalism versus Socialism
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By Alejandra Salinas

The economic arguments of luminaries Mises and Buchanan are widely understood. In this Article, Salinas aims to highlight their political views, namely, those that deal with the notions of consent and force, the relationship between liberalism and democracy, and the criticism of autocratic socialism.
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** The Kids Are... Different
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By Arnold Kling

This month, Kling looks at Jean Twenge’s new book. He writes, “The questions that Twenge chooses to explore are interesting. When did Americans start marrying later and having fewer children, and will this trend continue? How economically disadvantaged are Millennials (born between 1980 and 1994)? As young people age, are they becoming as conservative as their parents? She answers these and other questions with evidence that appears to be well chosen and reliable.” See below to join him in a conversation about this title later this month.
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** EconTalk: Conversation for the Curious
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James Rebanks on the Shepherd's Life

James Rebanks ([link removed]) 's family has raised sheep in the same small English village for at least four centuries. There are records of people with his same last name going back a few hundred more. Even his sheep are rooted in place: their DNA is from Viking times. It's enough to make anyone feel insignificant--and according to Rebanks, that's a wonderful thing. Listen as the author of The Shepherd's Life speaks with EconTalk's Russ Roberts ([link removed]) about the deep pleasures and humbling privilege of being a sheep farmer. Explore More. ([link removed])

More Recent Episodes & Extras:
* Robert Hall Extra: Monetary Policy and the Great Recession ([link removed])
* Jacob Howland on the Hidden Human Costs of AI ([link removed])
* David Epstein Extra: Got Genes? ([link removed])
* Laurence Kotlikoff ([link removed]) Extra: Mind the [Fiscal] Gap ([link removed])
* Your Favorite Episodes of 2022 ([link removed])
* Michael Munger on Obedience to the Unenforceable ([link removed])
* Rebecca Struthers on Watches, Watchmaking, and the Hands of Time ([link removed])


** FROM THE SHELF with Arnold Kling
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** Generations
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by Jean Twenge

Join Arnold Kling and Lauren Hall

on Tuesday, July 11 from noon- 1pm EDT.

Participation is free, but pre-registration is required ([link removed]) .

See the recordings of our previous sessions ([link removed]) on our YouTube channel.

Register here ([link removed])
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