Econlib Newsletter
May 2021


 
Dear friends,

If you're like us (and lucky enough to be fully vaccinated against COVID) you've dined out a lot in the past few weeks. Even dedicated home cooks may have grown tired of providing three squares during the pandemic. Beyond the challenge of prepping and serving, we also endured far higher prices on a lot of our pantry staples and barren shelves in the grocery. Many people, no longer dining out, couldn't understand why the restaurant food not being consumed didn't make it into our homes. This month, agricultural economists Jayson Lusk and Trey Malone explain why this was the case, and how the last year + might be changing the way we look at the food on our plates,

As always, we also bring you new book reviews, a new one-day-only- reading group with our friends at AdamSmithWorks, and other highlights from across the site. What have we missed? What would you like to see that we have not provided? Let us know at [email protected]. We love to hear from you.

Until next month, stay well, and stay curious.
 
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NEW Econlib Articles: May 2021
No Yolk: Shortages and Spikes in the Time of COVID
by Jayson L. Lusk and Trey Malone

How much sticker shock did you experience during food early in the COVID pandemic? Lusk and Malone report that the price of eggs went up SIXTY PERCENT in those early days, and many other staples experienced similar surges, and many shelves remained empty. Did chickens really lay 60% fewer eggs? Of course not. So what's the story, and how has the pandemic changed the way we think about our daily bread?  Read More.
Public Choice and Statecraft in the Euro Crisis
by Nils Karlson

Nils Karlson brings a sharp public choice point of view in his review of this new book on the challenges of the Eurozone today. “It is not unique for the handling of the Eurozone crisis that all policy options have their pros and cons, and that trade-offs must be made between them. This is the essence of politics in general,” he reminds us. Read More.
Black Power Gained, Black Agency Sacrificed
by Arnold Kling
 
Critical race theory, Black Lives Matter, systemic racism, and diversity and inclusion are very visible in today's political discourse. In this month's review, Kling looks at the trade-offs African-Americans face: “Both Shelby and Eli Steele believe that the power that African Americans obtain from white guilt comes with a price. African-Americans sacrificed agency.”  Read More.
Highlights from EconTalk
Roya Hakakian on A Beginner's Guide to America

Author and poet Roya Hakakian talks about her latest book, A Beginner's Guide to America: For the Immigrant and the Curious with EconTalk host Russ Roberts. Hakakian was born in Iran and came to the United States as a 19 year-old, not speaking any English, and carrying only the things she could stuff in her backpack. She tells Russ about the love affair she's had with her adopted country as well as where there is room for improvement. Explore more.

More Recent Episodes:
Join AdamSmithWorks for a ONE DAY ONLY
Virtual Reading Group: 
Adam Smith & the American Colonies
with Ryan Patrick Hanley
 
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.

If you are interested, you can find more information here.
Some Highlights from EconLog
 
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