Re-Imagining Medicine, making a monetary policy movie, and more of what we're reading... 

Econlib Newsletter
July 2022


Dear friends,

The dog days of summer are upon us, ushering in many patriotic celebrations here in the United States. What will such celebrations look like this year, with so much in the news, and do mush apparent discontent with the state of the world. Wherever this summer finds you, we are ever grateful for your continued attention. We will continue to strive to bring you the best.

This month we have 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, Why So Glum? ([link removed]) Not all the economic news is so bad...
* Nathan Goodman, Border Militarization and Austrian Capital Theory ([link removed])
* David Henderson, Economists' View on Price Controls: The Good News and the Bad ([link removed])
* Pierre Lemieux, Second Amendment: Beyond Politics or Against Politics? ([link removed])

What else are we reading? Here are some other pieces that caught our editor's attention over the last few weeks:
* At the top of our list is a terrific series on America's founders- and why we should still read them- at the Online Library of Liberty's Reading Room blog ([link removed]) . ([link removed]) A terrific conversation is going in the Comments as well; have a look!
* Rachel Swirsky's January Fifteenth ([link removed]) , a fictional exploration of what a world with a Universal Basic Income might look like. (Read Sarah Skwire's review ([link removed]) here,)
* :We're embracing the power of what we don't know, thanks to Adam Grant's Think Again ([link removed]) . It's both Intern summer reading and the July selection for Peter Boettke's No Due Date ([link removed]) book club.

Until next month, stay well, and stay curious.


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NEW Econlib Articles: July 2022

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Re-Imagining Medicine
By Richard Gunderman

The practice of- and preparation for- a career in medicine have changed, and not for the better. Physician Richard Gunderman looks back at some who have bucked the trend toward ever greater conformity, and imagines a world in which doctors can really know their patients again. Read More ([link removed]) .
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** Economic Thought Experiments
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By Arnold Kling


We've been lauding globalization for so long, we may have missed the sign of its demise. How might the process of de-globalization influence the world's economies? In Arnold Kling's latest review, he recommends a fascination thought experiment- and exercise in the economic way if thinking. Read More ([link removed]) .

Hollywood's Monetary Policy
By Thomas Hogan

If Hollywood were to make a movie about the Fed, this book would be their best guide, says monetary economist Thomas Hogan in this new review. The hero would be Thomas Hoenig, the villain- Jerome Powell. Powell's lead role in expansionary monetary policy would be the central plot line. But Hogan says there may still be more to the story... Read More ([link removed]) .

Frédéric Bastiat:
The Jonathan Swift of Economics
By Caleb S. Fuller


Caleb Fuller has a "modest proposal" in our new Liberty Classic- to give the world's most quotable economists his due. Fuller revisits some of Bastiat's most memorable ideas, including the story of the broken window and the candlemakers' petition against the sun. Read More ([link removed]) .

EconTalk: Conversations for the Curious


** Roosevelt Montás on Rescuing Socrates
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How do books change our lives? Educator and author Roosevelt Montás ([link removed]) of Columbia University talks about his book Rescuing Socrates with EconTalk host Russ Roberts ([link removed]) . Drawing on his own educational and life journey, Montás shows how great books don't just teach us stuff--they get inside us and make us who we are. Explore more ([link removed]) .



More Recent Episodes:

* Sridhar Ramaswamy on Google, Search, and Neeva ([link removed])
* Matti Friedman on Leonard Cohen and the Yom Kippur War ([link removed])
* Ian Leslie on Curiosity ([link removed])
* Diane Coyle on Cogs, Monsters, and Better Economics ([link removed])

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






** Teaching in the Spirit of Liberty
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Join our friends at AdamSmithWorks on July 13 for a one session Virtual Reading Group based on Smith and Hayek.

How can we ensure that the free market remains a relevant alternative to the myriad of government interventions and regulations that are often the focus of the diagramming, policy analysis, and calculations that dominate the Advanced Placement, International Baccalaureate, and Introduction to Micro and Macro courses at colleges?

Adam Smith described free markets ([link removed]) as "an obvious and simple system of natural liberty." He did not favor the landowner, the factory owner, or the worker, but rather all of society. He saw, however, self-defeating forces at work, preventing the full operation of the free market and undermining the wealth of all nations.
Let’s discuss how we can promote Smith's spirit of liberty and our responsibility in our classrooms to inspire student inquiry and attention to becoming free and responsible individuals in our global society.

Click here to learn more ([link removed]) . Pre-registration is REQUIRED.

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