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** Econlib Newsletter
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June 2025
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Welcome to the latest edition of our monthly newsletter, where we bring you the most engaging, provocative, and timely economics content. Our contributors have tackled everything from intergenerational responsibility to the unintended consequences of price controls—challenging assumptions and sparking conversations along the way.

👇 Here are some highlights from this month’s posts—dive in and join the conversation.

📚 Must-Read Content:
* If Mississippi Became a Sovereign Country
Pierre Lemieux continues to challenge the false notions about trade deficits with provocative thought experiment.
👉 Read more ([link removed])
* America is a Manufacturing Powerhouse
Speaking of challenging popular narratives, in this EconLog post, Scott Sumner pushes back against the notion that America is not, in fact, falling behind in terms of manufacturing.
👉 Read more ([link removed])
* Mercantilism
Mercantilism dominated economic thought for centuries, promoting the idea that national wealth came from trade surpluses, precious metals, and heavy government regulation. But classical economists like Adam Smith saw its flaws. Yet it’s an idea that still persists today…
👉 Read more ([link removed])
* Why Some States Succeed
What makes some states flourish while others trap people in place? Justin Callais joined host Juliette Sellgren on this episode of The Great Antidote to talk about the deep connections between personal fulfillment, economic mobility, and institutional quality.
👉 Listen now ([link removed])

Is there something else you’d like to see? We’d love to hear from you! Share your insights on our social media channels or reach out to us at [email protected] (mailto:[email protected]?subject=&body=) .

With our thanks,
The Econlib Team


** EconTalk: Conversation for the Curious
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EconTalk #1,000

In honor of EconTalk's 1,000th episode, host Russ Roberts ([link removed]) reflects on his long, strange journey from pioneer of the podcast format to weekly interviewer of leading economists, authors, and thinkers. Hear him answer your--and Chat GPT's--questions about why he got started, how he preps, and how he picks guests. He also explains why debate gave way to conversation--even about arguments with which he disagrees--and why EconTalk isn't only (or even mostly) about economics anymore. And yes, he shares some of his all-time favorite episodes and why he's so grateful to be the host.

Explore more. ([link removed])

More Recent Episodes & Extras:
* Nature vs. Nurture (with Paul Bloom) ([link removed])
* Inside the Mysterious World of Credit Cards (with Patrick McKenzie) ([link removed])
* Extra: Can Students Get Better Feedback? ([link removed])
* The Past and Present of Privacy and Public Life (with Tiffany Jenkins) ([link removed])


** NEW Econlib Articles
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June 2025


** Adam Smith on Relationships between Young and Old
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By Anna Claire Flowers

“In The Theory of Moral Sentiments ([link removed]) describes the human actor as one who is guided by relational experiences. Do relationships between the young and the old have a distinct role in moral formation?”

New Econlib writer Anna Claire Flowers suggests the answer is assuredly “yes.”
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Virginia Political Economy: James Buchanan’s Journey

By Peter Boettke

Peter Boettke explores the roots of the Virginia School of Political Economy—a tradition rooted in realism about knowledge, incentives, and institutions. Drawing on James Buchanan, Boettke argues for a model of political economy that recognizes the limits of both markets and government.

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The New Deal’s False Promise

By Scott Sumner

In this sharp review, economist Scott Sumner examines False Dawn, George Selgin’s acclaimed account of the New Deal and WWII-era America. Sumner offers a revisionist take, questioning the effectiveness of Roosevelt’s economic policies and arguing that political triumph often masked economic failure.

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Life After College

By Arnold Kling

🎓 Is College Still Worth It?
In his latest book review, Arnold Kling examines Kathleen de Laski’s provocative critique of today’s higher education system. From rising costs to ideological conformity, Kling explores whether higher education as we know it will adapt or be replaced.
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** No Due Date with Curator Peter Boettke
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** No Due Date is Econlib’s subscription book club. Curated by Peter Boettke, you’ll explore the best in economics, the social sciences, and literature- both classic and contemporary.
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**
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** In April, we read Glenn Loury’s Late Admissions, and this month we’re diving into Thomas Sowell’s A Conflict of Visions.
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Click here ([link removed]) to learn more and subscribe.

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