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EconLib Newsletter
December 2020
Dear friends,
Have we ever looked forward to year's end more than in 2020? It's certainly been a roller coaster of a year. And we simply cannot say often enough how grateful we are to have you along for the journey.
Next month, you can expect the rundown on the most engaging content we've published over the last year. I mean, who doesn't love a good list ([link removed].) , right? For this month, we've given you a list below of some of our team's personal favorites from 2020. We'd love to hear yours!
As the weather turns cold for us here in the Midwest, we're thinking about what we'll read as we snuggle in with a warm cup of tea. You can look forward to some new #ReadWithMe series over the next several weeks. You might want to scroll back through this year's book reviews ([link removed]) and Liberty Classics ([link removed]) for some more inspiration. We hope you'll also revisit our senior sister site, the Online Library of Liberty (OLL), ([link removed]) which just released a fresh new design. There are even more titles to peruse there... Nearly 2,000, in fact!
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, December 2020
Adam Smith on Capitalism and the Common Good
by Eric W. Matson
To Smith, “common good capitalism” would seem redundant. Smith, of course, never used the word “capitalism”—that came with Karl Marx ([link removed]) and his followers. But if we think about capitalism simply in terms of the private ownership of property, which includes a person’s ownership of her physical and human capital and the liberty to use that capital as she sees fit, the word can be reasonably mapped onto Smith’s thought. ([link removed]) Read More. ([link removed])
[link removed]
Competition and Entrepreneurship:
The Fountainhead of the Contemporary Austrian School
by Steven Horwitz
In Competition and Entrepreneurship ([link removed]) , [Kirzner] characterizes that difference as a question of what a theory of the market should attempt to explain. Where mainstream microeconomics is concerned with identifying the combinations of prices and quantities that will produce equilibrium outcomes, the Austrian approach focuses on the interaction of the decisions of market participants and how they “generate the market forces that compel changes in prices, in outputs, and in methods of production and the allocation of resources.” Read More. ([link removed])
Of Kings, Keynes, and Capitalism
by Alberto Mingardi
"...the question “why should someone write another biography of Keynes” has a very clear answer: because Keynes had a tremendously interesting life, unmatched among economists before and after him." Read More. ([link removed])
Does Libertarianism Favor Labour?
by Arnold Kling
Intellectual historian Alberto Mingardi’s new biography of Thomas Hodgskin, Classical Liberalism and the Industrial Working Class, takes a different view of the 19th-century journalist and commentator. Mingardi argues that when understood in the context of his era, Hodgskin’s views were close to what we would today call libertarianism. Read More. ([link removed])
Highlights from EconLog
** Thank you, Dr. Williams
------------------------------------------------------------
by Jayme Lemke
Economics and liberty lost a great champion this past month in Walter Williams. Many members of the Econlib team were influenced by his teaching and scholarship. Below, EconLog's Jayme Lemke, a former student of Williams, reflects on his legacy and suggests some articles highlighting his body of work. Read More. ([link removed])
More Recent Posts:
* Scott Sumner, Does Oklahoma have America's most pot-friendly regime? ([link removed])
* Pierre Lemieux, Epistemology, Economics, and Conspiracies ([link removed])
* Walter Block, A Floor, A Hurdle, or Nonsense on Stilts? ([link removed])
* Lauren Hall, Are Kids Worth It? ([link removed])
* Bryan Caplan, The Sense in Which I Don't Trust the Media ([link removed])
* Alberto Mingardi, The Great Reset: Between Conspiracy and Wishful Thinking ([link removed])
Featured EconTalk Podcast
Emily Oster on the Pandemic
Economist and author Emily Oster ([link removed]) of Brown University talks with EconTalk host Russ Roberts ([link removed]) about the challenge of reopening schools in a pandemic. Oster has been collecting data from K-12 schools around the country. Her preliminary analysis finds little evidence that schools are super-spreaders of COVID. She argues that closing schools comes at a high cost for the students with little benefit in reducing the spread of the disease.
Listen Here ([link removed]) or watch the video on our YouTube Channel ([link removed])
And don't miss Teachers, Trade-offs, and Trends ([link removed]) , our episode Extra to complement and continue the conversation.
More Recent Episodes:
* Daniel Haybron on Happiness ([link removed])
+ About Your Right to Happiness ([link removed]) : Questions for further thought and conversation
* Virginia Postrel on Textiles and the Fabric of Civilization ([link removed])
+ Read Sarah Skwire's review of Postrel's book at EconLog. ([link removed])
+ Where Crafty Comes From ([link removed]) ; Questions for further thought and conversation
* Steven Levitt on Freakonomics and the State of Economics ([link removed])
* Rob Wiblin and Russ Roberts on Charity, Science, and Utilitarianism ([link removed])
Here are a few highlights from Econlib in 2020:
* Author and professor Janine Barchas ([link removed]) of the University of Texas talks about her book, The Lost Books of Jane Austen. Listen here ([link removed]) , and continue the conversation with our Extra,Books as Big- and Binge-Worthy Business ([link removed]) .
* Poems for Pandemics, ([link removed]) by Sarah Skwire
* Why Did Armen Alchian Have to Teach Economists About Property Rights? ([link removed]) By Peter J. Boettke.
* Liberty in the Wake of Coronavirus ([link removed]) , by Aris Trantidis
* Is stimulus costly? ([link removed]) EconLog's Scott Sumner at Mercatus
* Russ Roberts: A Curious Conversation ([link removed]) , at Civil Squared
* Economist and author Glenn Loury ([link removed]) of Brown University talks about race in America with EconTalk host Russ Roberts. Listen here ([link removed]) , and continue the conversation with our Extra, Footloose, Fancy-Free, and Failing ([link removed]) .
* What's the Economist's Point of View? ([link removed]) Adam Martin's Liberty Classic ([link removed]) on Kirzner's great work
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