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** Econlib Newsletter
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March 2025
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As we step into March, we reflect on a month filled with thought-provoking discussions and insightful conversations about economics. From explorations into the impact of government policy on market behavior to fascinating looks at the intersection of economics and personal liberty, our community has been actively engaging with content that challenges conventional thinking.

As always, we’re grateful for your continued support and engagement, and we’re excited to share the best of February’s content with you in this month’s newsletter. Here’s a quick look at some of the standout pieces you may have missed or want to revisit.

📈 Must-Reads from the past month: Revisit the content that captured the most attention and ignited conversation.
* Scott Sumner noted that the New York Times seemed to change its stance on immigration ([link removed]) . His TL/DR: Denmark has shown that an enlightened progressive government can preserve its welfare state by adopting fairly restrictive policies on immigration. Thus, it’s now OK for American liberals to switch to a position of opposition to large-scale immigration.
* At EconLog, Craig Richardson challenged American welfare policy when he asked the seemingly simple question, Why Can’t Food Stamps be Used for a Rotisserie Chicken? ([link removed])
* The beginning of a new semester always brings interest in our College Topics Guides! The concepts of market failure ([link removed]) and opportunity cost ([link removed]) garnered particular attention.
* "Minimalists and Hoarders" with Michael Easter: This EconTalk episode explores the psychology behind our possessions, discussing how both minimalism and hoarding may stem from similar impulses to cope with uncertainty.

📚 Around the Liberty Fund Network: Here are some of the pieces that most piqued our interest recently:
* Douglas Irwin on Talking About Trade and Commerce: ([link removed]) In this episode of The Great Antidote podcast, Irwin discusses the history, benefits, and challenges of trade and commerce, offering insights on how to communicate the value of free trade effectively.
* Helmut Schoeck’s Envy: ([link removed]) The OLL added this classic title to the library. Schoeck explores the role of envy in shaping social structures, economic behavior, and human interactions throughout history.
* Adam Abducted! ([link removed]) AdamSmithWorks released a new, longer-form comic on Smith’s infamous “abduction” by gypsies.
* At A Call to Liberty, David Womersley reflects on the role of education in challenging tyranny ([link removed]) , linking the Declaration of Independence, Adam Smith’s Wealth of Nations, and Edward Gibbon’s History of the Decline and Fall of the Roman Empire in a thought-provoking essay.

We appreciate you being part of our community of curious and engaged minds. Happy reading, and here’s to more great ideas in 2025!

With our thanks,
The Econlib Team


** NEW Econlib Articles
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March 2025


** The Human Moral Mind
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By Arnold Kling

In his review of Outraged, Arnold Kling explores the book’s insights into human morality and the perception of harm. With a critical yet thoughtful lens, Kling uses Nietzche’s famous distinction between “master” and “slave” morality as a foil to Gray’s explication of why morality and politics suddenly have such power to outrage us.
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Utopian Experiments and Three Morality Tales: Socialism in New Harmony, Indiana

By D. Eric Schansberg

D. Eric Schansberg looks to the late Benjamin Rogge ([link removed]) to explore the lessons from history’s attempts to create ideal societies, analyzing why many fail and what they reveal about human nature, incentives, and economic reality. From socialist communes to planned communities, Schansberg examines the recurring challenges of collective living and the inevitable tensions between utopian visions and practical constraints.
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Productivity and the

Worth of Work in

Tolstoy's Anna Karenina

By Richard Gunderman

What is the true value of work? In this new essay, Richard Gunderman uses Tolstoy’s classic novel to explore the deeper meaning of labor beyond wages and productivity, examining how work shapes our character, communities, and sense of purpose.

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An Economic Approach to Homer’s Odyssey: Part III

By Tyler Cowen

Join Tyler Cowen on the final leg of his intellectual journey in his final, thought-provoking article. Cowen reflects on Homer’s famous epic, drawing lessons for political economy today.
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** EconTalk: Conversation for the Curious
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The Unusual World of Israeli Democracy

(with Rachel Gur)

Israel is the only democracy in the Middle East but it seems a lot more alien and chaotic than many of the older democracies of the West. Hear Rachel Gur of Reichman University explain to EconTalk's Russ Roberts ([link removed]) how the Israeli political system works and sometimes, doesn't work. The conversation brings into relief the challenges all democracies face and the ways that political minorities can wield power or be ignored depending on the political rules of the game.

Explore more. ([link removed])

More Recent Episodes & Extras:
* EXTRA: Who's Afraid of Artificial Intelligence? by Joy Buchanan ([link removed])
* The Struggle That Shaped the Middle East (with James Barr) ([link removed])
* Who Won the Socialist Calculation Debate (with Peter Boettke) ([link removed])
* EXTRA: Innovation's Norms of Engagement by Kevin Lavery ([link removed])
* Minimalists and Hoarders (with Michael Easter) ([link removed])
* Coase, the Rules of the Game, and the Costs of Perfection (with Daisy Christodoulou) ([link removed])


** From the Shelf with Curator Arnold Kling
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**
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** Join us for an insightful discussion with curator Arnold Kling and special guest Ilana Redstone as they explore Luke Conway’s book, Liberal Bullies ([link removed]) . Don't miss this opportunity for a thought-provoking conversation.
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March 27, 2025 3-4 PM EST

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