Plus, Cowen on The Odyssey, Kling on Bad Metaphors, and More.

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** Econlib Newsletter
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January 2025
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While we plan for another year of great content and community, we also took some time to look back and reflect on the year just past. It was a good one, thanks to YOU!

As always, we bring you a new selection of features- this month from Tyler Cowen, Arnold Kling, Alain Marciano, and Carlos Souto. We hope you enjoy!

Below are the features that were the most read in 2024. Look for more highlights throughout January on our social media feeds. Maybe one of this month’s new pieces will be featured here next year…

Is your favorite feature missing? Get in touch, and let us know why you loved it!

1. Richard McKenzie, California Dreaming: The Effects of California’s “Fast Food” Minimum Wage ([link removed]) . An exploration of California's fast-food labor law reveals unintended economic consequences for workers and businesses.
2. Jeremy Horpedahl, What’s a Parent To Do? ([link removed]) A sympathetic yet critical review of Jonathan Haidt’s wildly popular book, The Anxious Generation.
3. Arnold Kling, The Cooperative Ape ([link removed]) . A thought-provoking review of The Cooperative Ape exploring how cooperation and social instincts shape human behavior and economic systems.
(Don’t miss Kling’s From the Shelf conversation ([link removed]) on this book…You’ll go ape!)
4. Russell Sobel, Who Really Gains from Billions in Economic Development Incentives? ([link removed]) As Bastiat would point out, the resources devoted to such incentives are socially wasteful because they have an opportunity cost.
5. Alexander William Salter, Universal Economics: Necessary Reading for the Well-Trained Economist ([link removed]) . Salter explores timeless lessons on market principles and human behavior, showcasing Alchian and Allen's enduring contributions to economic thought.

Last but certainly not least, please take a moment to complete our annual EconTalk survey ([link removed]) and vote on your favorite episodes of 2024. We’ll share the results next month.

As always, we’d love to hear from you! Share your thoughts in the comments or on social media. Let’s keep the conversation going.

Happy New Year!
The Econlib Team



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** NEW Econlib Articles
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January 2025

An Economic Approach to Homer's Odyssey: Part I

By Tyler Cowen

Dive into Tyler Cowen’s captivating exploration of Homer’s grand epic, The Odyssey, through an economic lens. Discover how themes of risk, strategy, and human behavior in this timeless epic resonate with modern economic principles.
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What Should Economists Do? A Historical Perspective

By Alain Marciano

In 1963, James Buchanan delivered his presidential address at the annual meeting of the Southern Economics Association. It has rightfully become one of his most recognized works, both for its depth of historical analysis and its illustration of the evolution of Buchanan’s own thinking.
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ESG and the Purpose of Corporations: Back to Basics

By Carlos Souto

How should corporations balance profit-making with environmental, social, and governance (ESG) goals? This thought-provoking essay explores the complexities and trade-offs of prioritizing ESG initiatives in a competitive market.
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Mind Your Metaphors

By Arnold Kling

How do metaphors shape our understanding of economic concepts? This fascinating essay explores how the language we use can influence the way we think about markets, policies, and society- both positively and negatively.

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** EconTalk: Conversation for the Curious
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Understanding the Settler Colonialism Movement

(with Adam Kirsch)

Under settler colonialism, you're either a settler or indigenous and the sin of the founding of America, Australia, and Israel, for example, is not just a past injustice but a perpetuating mistake that explains the present. Listen as poet, author, and literary critic Adam Kirsch explains how an academic theory helps us understand the protests against Israel on America's college campuses, the phenomenon of land acknowledgments, and more.

Explore more. ([link removed])

More Recent Episodes & Extras:
* The Power of Nuance: Lessons for Public Health (with Emily Oster) ([link removed])
* Fixing Sick Cities (with Alain Bertaud) ([link removed])
* Is This War With Lebanon Different? (with Matti Friedman) ([link removed])
* EXTRA: Searching for Truth in a Social Media World ([link removed]) , by Amy Willis
* Why Industrial Policy Is (Almost) Always a Bad Idea (with Scott Sumner) ([link removed])
* Translating Life and Fate (with Robert Chandler) ([link removed])


** From the Shelf with curator Arnold Kling
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** Progressive Myths
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** by Michael Huemer
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**
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Join Arnold Kling with economist Bryan Caplan and philosopher Rachel Ferguson as they discuss Huemer’s book on progressive myths, why they are popular, how they can be harmful, and how to avoid them.

Read Kling’s review. ([link removed])

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


**
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January 22, 2025 3-4 pm EST

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