Is it REALLY time for Socialism, Leonard Cohen and the Yom Kippur War, and more.

Econlib Newsletter
June 2022


Dear friends,

Happy summer! What does summer mean for you? Time on the beach? Time in the mountains? Time to just...be? Whatever it is, we're glad you've chosen Econlib to take along for the ride. And we've got plenty of suggestions for reading and listening all through the dog days of summer.

This month we also bring you another new Liberty Classic ([link removed]) , new book reviews, a new podcast, and more. Some highlights from the past month's conversation at EconLog are below, along with a short list of some of the other stuff we're reading.
* Scott Sumner, California Housing Prices and Homelessness ([link removed])
* Nathan Goodman, 20 Books to Read in Your 20s ([link removed])
* Jeffrey Rogers Hummel, Woody Holton's Not So Hidden History ([link removed])
* Pierre Lemieux, Confusion About Energy Prices and Inflation ([link removed])

What else are we reading? Here are some other pieces that caught our editor's attention over the last few weeks:
* Derek Thompson, The Forgotten Stage of Human Progress ([link removed]) in The Atlantic, and the important relationship bwteen invention and implementation.
* Jane Eyre, for an AdamSmithWorks reading group ([link removed]) which pairs the Victorian classic with Adam Smith's Lectures on Rhetoric.
* Isaac Asimov's classic I, Robot ([link removed]) , at Tyler Cowen's urging ([link removed]) and with our summer interns.
* Friendship > Politics ([link removed]) by Maya Rackoff (at Bari Weiss' Substack ([link removed]) )
* Nathan Smith, Bastiat's Fruitful Fusionism ([link removed]) , a new Liberty Classic ([link removed]) at Law & Liberty

Until next month, stay well, and stay curious.

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NEW Econlib Articles: June 2022
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Maybe It's Not Time for Socialism

By Donald J. Boudreaux

Having read and reviewed Piketty's 2014 Capital In the Twenty-First Century, I—a Hayekian liberal—have long known that Piketty is a man of the far left, and I have no trouble dealing with even gaping ideological differences. What hurt my economist’s head was trying to make sense of a worldview that would approach plausibility only in an alternate universe in which the most basic principles of economics, as I understand them, don’t apply. Read More ([link removed]) .

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The Entrepreneurial Justice of the Market Process:
A View from Israel M. Kirzner’s Discovery, Capitalism, and Distributive Justice.
By Rosolino A. Candela

Israel Kirzner ([link removed]) is best known for his explication of the entrepreneur’s role in generating social coordination in the market process. Entrepreneurship, according to Kirzner, is the propensity to discover previously unnoticed profit opportunities in an open-ended world of uncertainty... The importance of his work is not only reflected in its policy implications, but perhaps more importantly, in its moral implications regarding the institutional basis of a market economy: the right to private property and the distributive justice of income that flows from it. Read More ([link removed]) .

From Prometheus to Arcadia: Liberals, Conservatives, the Environment, and Cultural Cognition
By Pierre Desrochers

In this new review, Desrochers traces the convoluted historical relationship of liberals and conservatives to the environmental movement. “… shouldn’t conservatives embrace environmentalism in light of their devotion to the preservation of the existing order? Shouldn’t progressives be inherently supportive of economic growth and technological change in light of their emphasis on reason over tradition?” ([link removed]) Read More ([link removed]) .

The World's Got Talent
By Arnold Kling
What's the best way to find talent today? In this months review, Kling looks at the new book from Tyler Cowen and Daniel Gross. In short, personality matters. How to assess personality from the point of view of employers is trickier. Read More ([link removed]) .
EconTalk: Conversations for the Curious


** Matti Friedman on Leonard Cohen and the Yom Kippur War

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In October 1973, an unhappy Leonard Cohen was listening to the radio on his Greek island home when he heard that Israel was at war. He headed to Tel Aviv, exchanging a personal and creative crisis for a national one. Absent a plan and even a guitar, Cohen wound up serenading Israeli soldiers at the front. Journalist Matti Friedman ([link removed]) talks about his book Who by Fire with EconTalk host Russ Roberts ([link removed]) and explains how a songwriter and a nation were transformed in the crucible of war. Explore more ([link removed]) .
More Recent Episodes:
* Ian Leslie on Curiosity ([link removed])
* Diane Coyle on Cogs, Monsters, and Better Economics ([link removed])
* Marc Andreessen on Software, Immortality, and Bitcoin ([link removed])
* Chris Blattman on Why We Fight ([link removed])

Explore EconTalk-Extras ([link removed]) on select episodes.



** NEW at AdamSmithWorks:
The Great Antidote Podcast
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We obviously love podcasts here at Econlib, and we know you do, too. So we wanted to make sure you knew that our sister site, AdamSmithWorks ([link removed]) , recently released a new podcast, The Great Antidote. While the topic of each conversation varies, host Juliette Sellgren asks each guest a terrific question: What's one thing that young people today don't know that they should know? The responses are fascinating... You'll find a lot of EconTalk favs in Juliette's collection; here are some highlights:
* Arnold Kling on The Three Languages of Politics ([link removed])
* Randy Simmons on Public Choice ([link removed])
* Jim Otteson on What Adam Smith Knew ([link removed])
* Jay Bhattacharya on the US Response to COVID ([link removed])
* Kenneth Elzinga on Teaching Economics ([link removed])


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