New insights into public debt, boy problems, and price wars.

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** Econlib Newsletter
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September 2024
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Welcome to the September 2024 edition of the Econlib newsletter! As we transition into fall, we're excited to share some thought-provoking content that explores timely-and timeless- economic issues and ideas. You’ll find our newest Featured Articles and EconTalk Extras and episodes below, as well as several opportunities to read and engage with us directly.

Our EconLog contributors have been busy examining pressing economic topics:
* Scott Sumner on whether tariffs raise prices for consumers ([link removed])
* Kevin Corcoran on the virtues of failure ([link removed])
* Pierre Lemieux on whether price gouging laws are communist ([link removed])
* Vincent Geloso on protectionism’s historical record of failure ([link removed])
* Alice Temnick on teaching about human capital ([link removed])

While our No Due Date subscribers ([link removed]) read and talked their way through Hume, Bentham, and John Stuart Mill, many also joined us in Virtual Reading Groups ([link removed]) , such as the recent group on Anna Karenina. Coming up are a one session VRG on James Buchanan, a month-long exploration of social contract theory, and our continuing series on the works of William Shakespeare. We’d love to see you there!

We hope you enjoy this month’s offerings. Until next time, stay well, stay curious, and stay in touch.

The Econlib Team

P.S. Don’t forget to follow our daily updates on social media, including our NEW Instagram ([link removed]) account.


** NEW Econlib Articles
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September 2024

Joy in Economics…

and Tolstoy?

By Richard Gunderman

To what field of study would a thoughtful person look to find more joy in life? For most of human history, during which what we now know as economics did not exist, insights on joy might have been sought in religion, philosophy, literature, or the arts.

In recent decades, economists have tuned their study to happiness- but how much have we learned? And what lessons on joy might we glean from the tragic story of Anna Karenina?

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The Cooperative Ape

By Arnold Kling

Explore the fascinating journey of human cooperation with Arnold Kling's review of The Cooperative Ape on Econlib. Kling delves into the book's exploration of how cooperation has been a defining characteristic of human evolution, setting us apart from other species. This review highlights the book's insights into the mechanisms and evolutionary advantages of cooperation, and how these traits have shaped human societies.

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The Price Is Right: Setting the Record Straight on Price

Controls and Inflation

By James Broughel

Broughel examines the resurgence of price control proposals in modern economic policy debates, offering a critical analysis of price controls as a tool for combating inflation and highlighting the potential pitfalls and unintended consequences of such measures. Whether you're a policy maker, economist, or simply interested in understanding the complexities of inflation management, Broughel's review provides a timely and thought-provoking perspective on this controversial economic policy.

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Cassandra and the Destruction of Savings

By Leonidas Zelmanovitz

and Thomas Lanzi

This month we bring you a thought-provoking analysis of public debt and its hidden impacts. This essay challenges conventional accounting practices for government debt, arguing that they fail to distinguish between productive investments and consumed resources. The authors propose a novel approach to represent the true economic impact of public debt instruments, suggesting that a significant portion of U.S. treasuries may represent "destroyed savings." With implications for fiscal policy, economic growth, and household wealth, this piece offers a fresh perspective on the long-term consequences of government borrowing.

Read More ([link removed])


** EconTalk: Conversation for the Curious
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The Problems of Boys and Men in Today's America

with Richard Reeves

Many boys and men in America are doing worse than girls and women in education while struggling with a culture that struggles to define what masculinity is in the 21st century. Is this a problem? Richard Reeves ([link removed]) thinks so which is why he started the American Institute for Boys and Men. Listen as Reeves discusses the state of boys and men and what might be done about it with EconTalk's Russ Roberts ([link removed]) .

Explore More ([link removed])

More Recent Episodes & Extras:
* Chaos and Complexity Economics (with J. Doyne Farmer) ([link removed])
* Ian Leslie Extra: Algorithmic Education ([link removed])
* What's Happening Inside Your Doctor's Head and Heart (with Adam Cifu) ([link removed])
* Yuval Levin Extra: Think Different, Act Together ([link removed])
* How Do You Capture the Tragedy of War? (with Sabin Howard) ([link removed])
* Dwayne Betts Extra: Reading a Love Letter to Justice ([link removed])


** From the Shelf with curator Arnold Kling
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** Making Sense of Chaos:
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** A Better Economics for
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** a Better World
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** by J. Doyne Farmer
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**
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Join Kling with special guests Tawni Hunt Ferrarini and David Henderson as they discuss Farmer’s book on complexity economics.

Read Kling’s review. ([link removed])

Catch Farmer’s EconTalk interview. ([link removed])

See previous episodes of From the Shelf. ([link removed])


**
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**
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September 6, 2024 2-3 pm EDT

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