EconLib Newsletter
February 2021

 

Dear friends,

In this, the shortest month of the year (is that even conceivable in this still pandemic-ridden 2021???), we're ramping up our efforts to connect with you, our most loyal friends. Our greatest goal this year is to build deeper connections and foster more constructive conversations. We hope you'll join us!

To that end, we're increasing the frequency of our popular Virtual Reading Groups. As part of that effort, this spring you'll see new VRGs hosted by our sister site, the Online Library of Liberty. If you haven't visited their site lately, they've got a fresh new design and have been adding new features. We think you'll like it! And take a moment to check out their Liberty Matters forums; you'll find topics like the legacy of James Buchanan, Marx and the Morality of Capitalism, and Mises on Interventionism.

We're making an effort to reach out to you in different and more specific ways. Last month, we launched our new #TeachEcon newsletter, and we opened an EconTalk Books group at Goodreads. We're still collecting responses in our annual EconTalk Listener Survey, so if you haven't filled it out, we hope you'll take a few moments to do so. And finally, we've been having a fantastic time with AdamSmithWorks as they tweet their way through the entire Wealth of Nations. Don't miss it!

Until next month, we wish you well, and look forward to seeing you online. You can always reach us at [email protected]. We love to hear from you.
 
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NEW Econlib Articles: February 2021
Alternatives to a Burgeoning Bureaucracy: Lessons from Ludwig von Mises's Bureaucracy
by Stefanie Haeffele and Anne Hobson
 
In the newest Liberty Classic, Haeffele and Hobson explore Mises's warning against the bureaucratization of political, social, and economic life. His argument stems from the socialist calculation debate of the 1920s and 30s, and carries much resonance with the rise of the administrative state today.  Read More.
Understanding Modern Monetary Theory: Part 1
by Scott Sumner
 
In the first in a series of Articles exploring this very vogue theory, Scott Sumner explores the tenets of Modern Monetary Theory. He demonstrates how its adherents overestimate the role of fiscal policy, while underestimating monetary policy. In next month's follow-up, Sumner will explore the ideology of MMT and why it's so difficult to convey to others.    Read More.
Agreeing to Disagree
by Arnold Kling

"Any cooperative endeavor, from a marriage to a business, to a government, requires people to get along in spite of differences. You cannot just assume that your spouse will always do what you want, that Marketing and Operations will naturally arrive at the same priorities, or that public policy solutions will be transparently obvious to all concerned. For relationships to work, the people involved have to find ways to live with their disagreements.

These cooperative endeavors require trust. Otherwise, politics becomes war by other means." Read More.
Highlights from EconTalk

Scott Newstok on How to Think Like Shakespeare
Author Scott Newstok of Rhodes College talks about his book, How to Think Like Shakespeare, with EconTalk host Russ Roberts. Newstok draws on Shakespeare and other great writers and thinkers to explore the nature of education and the life well-lived.

We want to hear more about your experiences with Shakespeare, and how you think Shakespeare might improve education and contribute to a life well-lived. Check out our EconTalk Extra, To Learn to Desire to Learn; we love to hear from you.

More Recent Episodes:

And don't forget to complete our annual Listener Survey. Vote for your favorite episodes of 2020!
Join us for our next Virtual Reading Group:
The Fabric of Civilization: How Textiles Made the World
with Caren Oberg
 
Participation is offered at no-cost, and there is no need to be an expert on the topic for discussion!  The only requirement is that participants be eager to read and engage in conversation. Space is strictly limited, and registration required.

Participants who successfully complete all sessions will receive an e-gift certificate from Amazon.com.

If you are interested, you can find more information here.
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