EconLib Newsletter, May 2020

"Nothing is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less."
~Marie Curie
We hope this newsletter finds you safe and well, and able to enjoy some sunny spring skies. We can't think of another year in recent memory where the beauty of spring is so welcome.

We're happy to welcome many new friends this month, and we thank our long-time readers and listeners for their continued support. There is a lot of new content available at Econlib this month- from the new video posts on EconLog ([link removed]) , a new Intellectual Portrait ([link removed]) at Econlib video, a new Virtual Reading Group beginning next week, and of course terrific new podcasts every week at EconTalk ([link removed]) . If there is something you would like to see, or see more of, we hope you'll let us know, and we hope you'll share Econlib with your friends. Feel free to drop us an email at [email protected] anytime. Stay well!


Econlib Feature Articles, May 2020
What is a Just Price?
by Paul Mueller

Few economists today ask whether prices are just. Why is this? And what should we say constitutes "justice" in pricing? Paul Mueller explores the history behind this forgotten concept, starting with Aristotle and visiting Aquinas and the Scholastics along the way. Read More. ([link removed])
Liberty in the Wake of Coronavirus
by Aris Trantidis
"Never before has ‘freedom from’ so worryingly related to ‘freedom to.’ Nearly three billion people currently live under lockdowns enacted by governments. In these uncertain times, most of us remain confined to our homes and accept these unprecedented restrictions as a temporary but necessary sacrifice in the fight against a deadly virus." What will be the fate of liberty post-pandemic? Are our constitutional protections enough to safeguard our liberty? Read More. ([link removed])
[link removed]

Order and The Wealth of Nations
by Arnold Kling

The history of economic thought has taught us that specialization, division of labor, and comparative advantage are key to our economic well-being. But how much does one nation- the United States- do to safeguard it? In this month's review, Arnold Kling explores "The Order" Peter Zeihan is afraid is falling. Read More. ([link removed])

Liberalism versus the State:
A Liberty Classic Review
by Alberto Mingardi
In our latest Liberty Classic, Alberto Mingardi explores this once-forgotten slim volume from Ludwig von Mises. "For Mises, liberalism was indeed this: a philosophy for the common man, the only political philosophy that took the common man seriously, regardless of his obvious imperfection and his blatant lack of refinement." Explore Mises's philosophy of liberalism this month; you'll also find a link to a readers' guide for this title. Read More. ([link removed])
Highlights from EconLog

Hans Eicholz, Defining the "New Normal" After COVID-19 ([link removed])

"...when authorities proclaim the present state of emergency to be a “new normal,” we have a duty to do more than listen. We need to start a conversation. What do we mean by “normal”? Perhaps more accurately, when we finally get back to “normal,” what should it look like?"

More Recent Posts
* Bryan Caplan, The True CPI Just Jumped ([link removed])
* Scott Sumner, Don't Regulate Health and Safety ([link removed])
* Pierre Lemieux, Owing the Public Debt to Ourselves ([link removed])
* Alberto Mingardi, C ([link removed]) OVID19 and Leviathan ([link removed])
* David Henderson, Why the Stimulus Bill Will Keep Unemployment High ([link removed])
* Sarah Skwire, Poems for Pandemics ([link removed])
* Rosolino Candela, Hayek, COVID19 and the 1st Amendment ([link removed])
* Rachel Ferguson, Institutional Injustice: Michael Tanner's Inclusive Economy ([link removed])
* "Unintended Authoritarianism:" A Conversation with Alberto Mingardi ([link removed])

Featured EconTalk Podcast
Jenny Schuetz on Land Regulation and the Housing Market ([link removed])

Jenny Schuetz ([link removed]) of the Brookings Institution talks with EconTalk host Russ Roberts ([link removed]) about zoning, boarding houses, real estate development, and the housing market.

P.S. Don't miss our EconTalk Extra, Home is Where the Zoning Is ([link removed]) , ([link removed]) ([link removed]) for this episode, designed to facilitate further thought and discussion on this episode.

More Recent Episodes:
* Arnold Kling on The Three Languages of Politics, Revisited ([link removed])
* Ed Leamer on Manufacturing, Effort, and Inequality ([link removed])
* Vinay Prasad on Cancer Drugs, Medical Ethics, and Malignant ([link removed])
* Alan Lightman on Stardust, Meaning, Religion, and Science ([link removed])

Join us for the next Econlib
Virtual Reading Group!

The first session is
Monday, May 11.

Click here to register. ([link removed])

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