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EconLib Newsletter
October 2020


As EconTalk host Russ Roberts ([link removed]) reminds listeners every week, we love to hear from you. At Econlib, we are constantly seeking new and deeper ways to engage with you. We recently began surveying new subscribers asking how they preferred to build a relationship with us, and we have been very gratified with the responses. (For pre-existing subscribers, we'd love to hear your feedback, too! Click here ([link removed]) to take the survey.)

Reading groups continue to be a popular option, and we're looking at ways to expand them to platforms in addition to those we already use. In the meantime, you can join us starting next week in our #EconlibReads group ([link removed]) to discuss Bryan Caplan's The Myth of the Rational Voter ([link removed]) .

Finally, we are thrilled to annouce the launch of the #TeachEcon quarterly newsletter, which will debut in January 2021. This NEW subscription, designed especially for those teaching economics at all levels, will feature exclusive content, including essays on teaching, classroom resources, tips and tricks for student engagement, and more. If you are interested in receiving the inaugural edition, you may subscribe here ([link removed]) .

Until next month, we wish you well, and look forward to seeing you online. Please share your suggestions and comments with us at [email protected] (mailto:[email protected]) . We love to hear from you.


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EconLib Feature Articles, October 2020

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More or Less Economic Planning?
Enduring Arguments from Sweden
By Benny Carlson

"After the 1929 outbreak of the Great Depression, demand for economic planning—in contrast to market “anarchy”—advanced in many countries. The 1930s was an era of populism, nationalism, protectionism, government intervention, and attempts to create planned economies... During the 1920s, the socialist calculation debate unfolded in German on the European continent, triggered by Ludwig von Mises’s ([link removed]) (1881-1973) work Gemeinwirtschaft... In another country, an intense debate on economic planning played out parallel to, but seemingly not inspired by Mises, Lange, Hayek or Durbin. This country is Sweden. Read More. ([link removed])

The Sky is Falling (Again):
Two Cheers for Decadence, and a Third for a Return to Capitalism!
By Nikolai Wenzel


"Douthat’s case is ultimately overstated and simplistic. But I get it. I really do. I too am horrified by much of the contemporary turn, and I think I would greatly enjoy sitting with Douthat in leather wingback chairs, sipping bourbon, and belly-aching over the decline of Western civilization." Read More. ([link removed])

Liberalism and its Enemies:
Pluckrose and Lindsay
by Arnold Kling

"[Pluckrose and Lindsay]’s model fits closely the rhetoric and actions of those who have popularized and implemented postmodernism in the form of Social Justice activism. [Their] approach is one of cognitive empathy. That is, their book can help us understand the ideas of the activists on their own terms." Read More. ([link removed])
Highlights from EconLog


** Do Externalities Matter for Economic Analysis?
------------------------------------------------------------
by Rosolino Candela

"In the analysis of market processes, the concept of externalities ([link removed]) has long invoked strong public policy implications among economists regarding the role of government in addressing their alleged presence, or lack thereof.

It is for this reason that analyses of externalities have preoccupied economists, at least since A.C. Pigou ([link removed]) . The more important question, however, is how do they matter for economics? Read More. ([link removed])

More Recent Posts
* Scott Sumner, What do models tell us? ([link removed])
* Pierre Lemieux, The Failure of Government Command-and-Control ([link removed])
* Jayme Lemke, Stay Out of Holly Golightly’s Way ([link removed])
* Bryan Caplan, Public Choice: The Normative Core ([link removed])
* Steve Horwitz and Frank Stephenson, Pay Attention to the SOCIAL Science, too ([link removed])
* Alberto Mingardi, Two Cheers for Small Business ([link removed])

Featured EconTalk Podcast

Matt Ridley on How Innovation Works


What's the difference between invention and innovation? Could it be that innovation--the process of making a breakthrough invention available, affordable, and reliable--is actually the hard part? Matt Ridley argues that we give too much credit to inventors and not enough to innovators--those who refine and improve an invention to make it valuable to users. Listen Here. ([link removed])
And don't miss The Wokingest Folks Ever ([link removed]) , our podcast episode Extra to complement and continue the conversation.

More Recent Episodes:
* Agnes Callard on Aspiration ([link removed])
* Lisa Cook on Racism, Patents, and Black Entrepreneurship ([link removed])
* Robert Chitester on Milton Friedman and Free to Choose ([link removed])
* Margaret Heffernan on Uncharted ([link removed])

Continue the Conversation with New EconTalk Extras:
* Innovation and Intolerance ([link removed]) (complement to Lisa Cook episode)
* Come Journey with Us ([link removed]) (complement to Robert Chitester episode)
* Russ Roberts on the Curious Task of Epistemology ([link removed]) (complement to Robets's guest appearance on The Filter podcast)

Did you know???

Our parent organization, Liberty Fund ([link removed]) , publishes the Concise Encylopedia of Economics ([link removed]) in hardcover and paperback, an indispensable resource for any classroom or personal library.

The CEE is also available online ([link removed]) at Econlib, and the online version includes several online-only entries, including:
* Hoover's Economic Policies ([link removed])
* The 2008 Financial Crisis ([link removed])
* Division of Labor ([link removed])
* Gordon Tullock ([link removed]) and Israel Kirzner ([link removed]) biographies

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