What's so Austrian about "Austrian Economics," what happens when beards and bachelorhood are taxed, and MORE.
Econlib Newsletter
May 2022
Dear friends,
Today on EconTalk ([link removed]) , host Russ Roberts welcomes back one of our most popular guests ever, Dwayne Betts. This time, Betts and Roberts have "traded" books- one each on the black and Jewish experience. Hear their conversation after having read each other's suggestion. It's a moving episode, with much to say about the human condition.
This month we also bring you a new Liberty Classic ([link removed]) , a novel exploration and application of social justice, Some highlights from the past month's conversation at EconLog are below, and we've got a lovely surprise for you coming soon to EconLog...So keep reading, share your thoughts in the comments, and stay tuned for more!
* Pierre Desrochers's Earth Day series, Environmental Despair Springs Eternal ([link removed])
* Scott Sumner, The power to subsidize is the power to destroy ([link removed])
* Pierre Lemieux, Think Correctly or the State Will Punish You ([link removed])
* Walter Block, The Slap Heard Round the World ([link removed])
Until next month, stay well, and stay curious.
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NEW Econlib Articles: May 2022
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Private Property and Social Justice:
Complements or Substitutes?
By Rosolino A. Candela
What relationship, if any, exists between the right to private property and social justice? With the purview of "social justice" expanding ever further, this question is timely. Attention to the problems of social justice has varied throughout the classical liberal tradition; in this month's feature, Rosolino Candela tries to bring it to the fore, using the example of the Edsel and an oil spill to help illustrate this relationship. Read More ([link removed]) .
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Looking Back at the Austrian Revival
By Adam Martin
What's so Austrian about "Austrian Economics?" In our new Liberty Classic, Adam Martin explores a classic edited volume, The Foundations of Modern Austrian Economics, seeking to answer that question, as well as why it's gone in and out of fashion over the years. With essays by Israel Kirzner, Murray Rothbard, and Ludwig Lachmann, Martin finds much still of interest to the contemporary reader. Read More ([link removed]) .
Follies in the History of Economic Thought
By Jeremy Horpedahl
"What do you think would happen if suddenly beards and bachelorhood were taxed? Ridiculous, you say? Not so!" Jeremy Horpedahl opens his new review with this shocking question, then explains how the market for "professional refusers" evolved, This and other hilarious yet incentive-compatible stories help illustrate the basic principles of taxation, as well as why tax reform is such a trick proposition. ([link removed]) Read More ([link removed]) .
A Fictional Progressive
Gets Mugged
By Arnold Kling
In this month's Book Review, Arnold Kling takes on something different- a novel. In this one from George Leef, the fictional progressive protagonist gets mugged...by reality. Kling sees the tale as a more contemporary version of Atlas Shrugged, with a chilling dystopian view of a world with no economic liberty, freedom of speech, rule of law, or fair elections Read More ([link removed]) .
EconTalk: Conversations for the Curious
Dwayne Betts on Ellison, Levi, and Human Suffering
In his memoir of his time in Auschwitz, Primo Levi describes Jewish prisoners bathing in freezing water without soap--not because they thought it would make them cleaner, but because it helped them hold on to their dignity. For poet and author Dwayne Betts ([link removed]) , Levi's description of his fellow inmates' suffering, much like the novelist Ralph Ellison's portrayal of early twentieth-century black life in America, is much more than bearing witness to the darkest impulses of mankind. Rather, Betts tells EconTalk host Russ Roberts ([link removed]) , both authors' writing turns experiences of inhumanity into lessons on what it means to be a human being. Explore more ([link removed]) .
More Recent Episodes:
* Michael Munger on Antitrust ([link removed])
* Tyler Cowen on Reading ([link removed])
* Russ Roberts on Education ([link removed])
* Richard Gunderman on Greed, Adam Smith, and Leo Tolstoy ([link removed])
Explore EconTalk-Extras ([link removed]) on select episodes.
** It's not too late, join today!
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No Due Date is our NEW subscription economics book club. Curated by Peter 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. So far in 2022 we've read Free to Choose ([link removed]) , Minds Wide Shut ([link removed]) , Leave Me Alone and I'll Make you Rich ([link removed]) , and more!
We've pro-rated the subscription price, so subscribe now for eight months of engaging reading with friends!
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