Econlib Newsletter
August 2021

 
Dear friends,

It's the most wonderful time of the year... Parent, students, and teachers of all ages are gearing up for another new school year, and another school year promising continued uncertainty in the wake of COVID. Back to school season is always a big deal for us at Econlib, too, as so many readers and listeners shake the sand out of their shoes and come back online seeking great content. We're here for you! 

Today is also a special day, because are celebrating the release of our 800th EconTalk episode. We are so grateful to host Russ Roberts, Lauren Landbsurg, and the rest of the EconTalk team for their dedication and unwavering commitment. Feel free to drop Russ a note on twitter; we know he'd love it. And speaking of Back to School, it's teachers and students who are largely behind our development of EconTalk Extras. (Did you know that Amy Willis's nickname, given by a precocious middle school student, is "The Homework Lady"?)

This time of year is also a great time to revisit Econlib's Guides section; we highlight our High School Topics below. We're always adding new resources to these collections, both from Econlib and other reputable content providers- like Marginal Revolution University and Khan Academy, to name a few. And if you're looking for "ready to launch" lesson plans, may we suggest you also visit our sister site, AdamSmithWorks, for their ever-growing collection of lessons, with many developed especially for online learning.

As always, we share the newest content and other highlights from across the site below. Let us know your thoughts on the latest, and tell us what else you'd like to see at [email protected]. We love to hear from you. 

Until next month, stay well, and stay curious.

 
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NEW Econlib Articles: August 2021
150 Years of the Austrian School of Economics
by Caleb Fuller

Is 1871 the most important year in the history of the social sciences? Caleb Fuller think so. In that year, Carl Menger published his Principle of Economics AND William Stanley Jevons published his Theory of Political Economy. From these beginnings grew the Austrian School of Economics. While often (mistakenly!) being associated with particular ideologies, the Austrian tradition is a robust- and growing- research program today. Read More.
Liberty, Not Licensing: John Milton's Areopagitica

By Sarah Skwire
 
Areopagitica was the very first book published online at Econlib. While not a traditional economics tome, Areopagitica has a long tradition among typesetters of serving as a test case, and then first publication. The traditional relationship between typesetters and Areopagitica dates back to Johannes Gutenberg and how the revolutionary concept of typesetting caused fear in the Church, lest the interpretation of the Bible get out of their control. The whole idea of freedom of the press was rooted in that debate. We were proud to have released this as our first online title all those years ago, and delighted to now bring you Sarah Skwire's Liberty Classic review. Read More.
Should Humans Be More Like Machines?
by Arnold Kling

Nobel laureate Daniel Kahneman, Olivier Sibony, and Cass Sunstein argue in their new book that variability in decision-making is often both inefficient and unfair to those affected. To make better decisions, they argue, we need to learn to cancel out "noise." See what Arnold Kling has to say about their suggestions for doing so in this month's new book review.  Read More.
800 Episodes of EconTalk!!!
Monday 8/2 EconTalk

Today's release marks the 800th EPISODE OF ECONTALK. We're so grateful you've been along for the ride! Have you listened to all 800 episodes? If so, we want to talk to you! Please reach out to us at [email protected] to learn more.

Journalist and author Jonathan Rauch talks about his book The Constitution of Knowledge with EconTalk host Russ Roberts. People come up with ideas all the time. But the vast majority of these ideas aren't worthwhile. Rauch argues that the constitution of knowledge--the norms and institutions for testing the reliability of new ideas and accumulating knowledge--has been dramatically altered by the internet and social media. The conversation explores the norms and institutions that once helped create a shared body of knowledge, how the internet threatens those norms and institutions, and what might be done to repair the damage.  Explore more.

More Recent Episodes:

The Council for Economic Education (CEE) has compiled a list of the 51 key economics concepts common to all U.S. State requirements for high school classes in economics.

The resources arranged here supplement these recommended CEE topics. These free resources are appropriate for teachers of high school and AP economics, social studies, and history classes. They are also appropriate for interested students, home schoolers, and newcomers to the topic of economics. Find multi-media resources to explore concepts like Division of Labor and Specialization, Inflation, Entrepreneurship, Human Capital, and more.

How does fellow Nobel laureate Gary Becker describe the style of economics Friedman was known for at the University of Chicago? What appeals to you about this tradition, and why?

How did Friedman come to the tradition of economics described by Becker? How do Walrasian and Marshallian economics differ according to Friedman?


Explore these and other questions at Econlib Videos.
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