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** Econlib Newsletter
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August 2025
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As the school year kicks off, weāre here to help students, teachers, and lifelong learners make the most of it. Whether you're heading into the classroom or guiding from the front of it, EconLib and AdamSmithWorks offer a rich set of resources to bring economics to life.
š For college students and instructors, explore our College Topics Guides ([link removed]) ācovering everything from money to markets, public goods to price theory.
š For high school educators, our High School Teaching Guides ([link removed]) make key concepts like elasticity, opportunity cost, and trade barriers engaging and accessible.
š§ Dive deeper with the Concise Encyclopedia of Economics, ([link removed]) your go-to resource for clear, well-researched entries on hundreds of economic ideas and thinkers.
š§āš« And donāt miss AdamSmithWorks' classroom-ready materials:
* Lesson plans ([link removed]) . Bring Adam Smith into the classroom with these engaging, ready-to-use lesson plans appropriate for middle school through college.
* Reading guides. ([link removed]) Enhance your reading of Smithās classic works, The Theory of Moral Sentiments and The Wealth of Nations with these original deep reading aids.
* Bellringers ([link removed]) . Activities that spark discussion and make Smithās ideas resonate today.
This back-to-school season, start strongāwith tools designed to spark understanding and curiosity.
Happy learning,
āThe Econlib Team
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** EconTalk: Conversation for the Curious
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James Marriott on Reading
Is long form reading a dying pastime? Journalist and cultural critic James Marriott ([link removed]) joins EconTalk's Russ Roberts ([link removed]) to defend the increasingly quaint act of reading a book in our scrolling-obsessed, AI-summarized age. He urges juggling a paper book and a Kindle, recounts ditching his smartphone to rescue his attention, and shares tactics for finding the "right" beach novel and biography. He and Russ also debate the value of re-reading, spar over Dostoevsky, celebrate Elena Ferrante, and swap suggestions for poetry that "puts reality back in your bones." Throughout, they argue that the shallowness of social media makes the best case for diving into the dense, intellectually difficult, yet uniquely transformative power of books.
Explore more. ([link removed])
More Recent Episodes & Extras:
* Read Like a Champion (with Doug Lemov) ([link removed])
* Extra: The Enemy of Your Enemy is Not Your Friend ([link removed]) , by Amy Willis.
* Extra: Deep Reading with Rousseau ([link removed]) , by Alice Temnick.
* How to Walk the World (with Chris Arnade) ([link removed])
** NEW Econlib Articles
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August 2025
** Medical Practice Without Consent
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By Arnold Kling
Arnold Kling argues that today's medical profession is increasingly shaped by bureaucracy and politics rather than innovation and individual judgment. From hospital consolidation to government mandates, Kling examines how systemic changes have eroded the autonomy and effectiveness of doctors.
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F.A Hayek: Education Is an Obligation, Not a Right
By Michael T. Kane
Hayek argues that many citizens and politicians fall into the error of thinking that since the state can legitimately use taxes to fund some services, it should provide all the services we might want in a near ideal society. For Hayek, it is too easy to move from such legitimate rights and their counterpart duties into a demand for a list of socially desirable things claimed under an ill-defined notion of āsocial justice.ā
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Taxing the Rich:
It's Complicated
By Jordan Ragusa
In this sharp analysis hot on the heels of the āBig Beautiful Bill, Jordan Ragusa examines the political appeal and economic reality of taxing the rich. He explores how proposals often overpromise, face practical limits, and may not deliver the expected revenueāor fairness.
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The Cost of Building Progress
By Matt Zwolinski
In this double book review of Ezra Kleinās Abundance and Marc Dunkelmanās Why Nothing Works, philoopher Matt Zwolinski digs into the positive aspects of the āabundance agendaā in vogue today, with some sharp recommendations on whatās really needed to achieve its ends.
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** NEW from Mike Munger
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** with AdamSmithWorks
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In anticipation of the 250th anniversary of the publication of the Wealth of Nations, the first of a multi-part deep dive in to Adam Smithās magnum opus.
Join Munger and ASW over the next several months to explore. Find full transcripts, tons of related resources, and questions for discussion for each episode. Terrific for classroom and/or independent learning!
Click here ([link removed]) to join the exploration.
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Copyright Ā© 2025, Liberty Fund, Inc. All rights reserved.
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