Why didn't the PPP offer more relief to workers during COVID? Why should you learn to love Kenny G? This and MORE at Econlib this month.
Econlib Newsletter
February 2022
Dear friends,
Six more weeks of winter?!?!? That's what we heard here last week, and then the Midwest ended up snowed in for two days. Guess that groundhog ([link removed]) knows what's up! And the headlines this week remind us of Groundhog Day, too. Modern Monetary Theory (MMT) keeps popping back up! So before we get to the new stuff, here are our top links to help you understand it:
* Nicolás Cachanosky, Modern Monetary Theory: Nothing New Under the Sun ([link removed])
* Scott Sumner, Understanding Modern Monetary Theory, Part I ([link removed]) and Part II ([link removed])
* Scott Sumner, Was MMT Influential? ([link removed])
* Hans Eicholz, COVID-19 and MMT Join Forces: The Seen and the Intentional of MMT ([link removed])
And now for the new. You've heard EconTalk host Russ Roberts cite The Odyssey ([link removed]) as his favorite piece of literature. This month, we bring you another Economics professor who's using it to actually teach economics. Along with a new review from Arnold Kling and a touching tribute to Gordon Tullock ([link removed]) , we hope you'll find something to delight in this month's edition. And by the way, if you didn't listen to our recent EconTalk on Kenny G because...well, Kenny G, we hope you'll give it a shot. We've been overwhelmed by the surprised comments we've received on this episode!
Until next month, stay well, and stay curious.
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NEW Econlib Articles: February 2022
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Teaching The Odyssey in Economics
By Zachary Gochenour
An economist who started his career as an aspiring fantasy novelist describes how he now uses his favorite epic to teach economics, focusing on concepts such as trade-offs and comparative advantage. Read More ([link removed]) .
Professor Gordon Tullock:
A Personal Remembrance on
His Centennial
By Richard B. McKenzie
Gordon Tullock would have celebrated his one hundredth birthday this month. His co-author and good friend describes Tullock as one of the one hundred most influential economists of the 20th century, and reflects on his life and legacy. Read More ([link removed]) .
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Sociological Man
By Arnold Kling
Arnold Kling thinks "sociological man" may be a more useful concept than the "economic man" with whom we're more familiar. In his latest review, Kling looks at a Randall Collins classic and considers how "Emotional Energy" might help us make more sense of the world around us. Read More ([link removed]) .
Highlights from EconLog
The COVID Paycheck Protection Program: Promises Not Kept ([link removed])
by Veronique de Rugy
Despite its promise to offer relief to those workers most disrupted by the pandemic, the PPP managed to mostly help those least in need. Veronique de Rugy explains this classic case of Unintended Consequences ([link removed]) . Explore more ([link removed]) .
More Recent EconLog posts:
* Regenerative Agriculture and the Denial of Comparative Advantage ([link removed]) , by Pierre Desrochers
* Enclosing Wordle ([link removed]) , by Sarah Skwire and Lynne Kiesling
* Is the U.S. Government Causing the Chip Shortage? ([link removed]) , by Scott Sumner
* On productive and counterproductive ways to read ([link removed]) , by Nathan Goodman
* Interpersonal Comparisons of Utility ([link removed]) , by Pierre Lemieux
EconTalk: Conversations for the Curious
Penny Lane on Loving and Loathing Kenny G
Love it or hate it, but you've definitely heard it: the so-called "smooth jazz" of saxophonist Kenny G. Filmmaker Penny Lane ([link removed]) talks about her documentary, Listening to Kenny G, with EconTalk host Russ Roberts ([link removed]) . They discuss the pursuit of perfection, the power of vulnerability in art, and why Kenny G is loved by the people and reviled by the critics. Explore more ([link removed]) .
More Recent Episodes:
* Moshe Koppel on Norms, Tradition, and Resilient Societies ([link removed])
* Tyler Cowen and Russ Roberts on Nation, Immigration, and Israel ([link removed])
* Gregory Zuckerman on the Crazy Race to Create the COVID Vaccine ([link removed])
* Lorne Buchman on Creativity, Leadership, and Art ([link removed])
* John Taylor on Inflation, the Fed, and the Taylor Rule ([link removed])
P.S. Don't forget to vote for your favorite 2021 EconTalk Episode ([link removed]) .
** No Due Date, our NEW Economics Books Club!
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No Due Date is our NEW subscription economics book club. Curated by Pete Boettke ([link removed]) , you’ll spend a whole year reading with him exploring the best in economics and the social sciences–both classic and contemporary.
A limited number of annual subscriptions are available, don’t miss out.
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