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About the Library of Economics and Liberty
OverviewThe Library of Economics and Liberty is dedicated to advancing the study of economics, markets, and liberty. It offers a unique combination of resources for students, teachers, researchers, and aficionados of economic thought. The website is provided by Liberty Fund, Inc., a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals. The Foundation develops, supervises, and finances its own educational activities, with the goal of fostering discussion and thought on enduring topics pertaining to the creation and maintenance of such a society. The site features
About the Articles and ColumnsEconlib publishes three new economics articles and columns each month. These essays are written exclusively for Econlib by renowned professors, researchers, and journalists. The Articles. The monthly Featured Article is written by a selected author and is reviewed by our editorial staff. Articles cover a range of issues illustrating economics ideas in practice. The level ranges from introductory to post-college, with each article always covering some basic economic concept and an illustration of how it applies to daily life. The Features Editor, David Henderson, heads up this area of the site. The Columns. Econlib also carries two monthly columns focusing on economic issues with a perspective that reflects interests outside the United States:
About EconLogThe Library of Economics and Liberty features the popular daily blog, EconLog. Three bloggers--Arnold Kling and Bryan Caplan, and David Henderson--write on topical economics of interest to them, illuminating subjects from politics and finance, to recent films and cultural observations, to history and literature. EconLog aims to educate, entice, and excite readers into thinking about economics in daily analyses. It typically appeals to an international mix of college-educated students, teachers, news media commentators, and bloggers; self-educated or post-graduate thinkers; and those interested in understanding the ever-emerging current economic situation. Readers are invited to comment. EconLog is one of the Wall Street Journal's Top 25 Economics Blogs. EconLog took wing in January 2003, initially inspired by Arnold Kling's earlier educational economics blog (Great Questions of Economics [GQE]). Bryan Caplan joined in January 2005, and David Henderson in October 2008. For more information on EconLog, see: About EconTalkThe Library of Economics and Liberty carries a weekly podcast, EconTalk, hosted by Russ Roberts. The talk show features one-on-one discussions with an eclectic mix of authors, professors, Nobel Laureates, entrepreneurs, leaders of charities and businesses, and people on the street. The emphases are on using topical books and the news to illustrate economic principles. Exploring how economics emerges in practice is a primary theme. Listeners are able to comment online on recent podcasts. All podcasts are archived and available free of charge. Podcast Listening Guides for classroom use are offered on selected podcasts. EconTalk was voted Best Podcast in the 2008 Weblog Awards. It took 2nd place for Best Podcast two years in a row in the 2007 Weblog Awards and 2006 Weblog Awards. EconTalk got started in March 2006 with podcasts every two weeks, and went weekly in the summer of 2006. New podcasts are released on Monday mornings. They are available for listening on any computer, and are also available through iTunes and other intermediary services. For more information on EconTalk, see: About the Econlib BooksThe books and essays on this website represent classics of economic thought, both historical and modern. New books are being added at the rate of about two per month. The books are presented free of charge for the purpose of reading and research. The features of the web site include:
More information on how to use the tools and features can be found on the Help page. See also The Online Library of Liberty (OLL), also provided by Liberty Fund, Inc., which contains many additional books. About the EncyclopediaThe Library of Economics and Liberty carries the popular Concise Encyclopedia of Economics, edited by David R. Henderson. This highly acclaimed economics encyclopedia was first published in 1993 under the title The Fortune Encyclopedia of Economics. It features easy-to-read articles by over 150 top economists, including Nobel Prize winners, over 80 biographies of famous economists, and many tables and charts illustrating economics in action. With David R. Henderson's permission and encouragement, the Econlib edition of this work includes links, additions, and corrections. The second edition of this book came out in December, 2007. It is available both in print (through Liberty Fund, Inc.) and online here at Econlib. The 1st edition continues to be available online at Econlib. For more information, see:
About the GuidesThe newcomer to Econlib can find the resources here overwhelming. There are so many books, articles, and media items available that it is hard to know where to begin. Econlib offers several guides that can serve as roadmaps and starting points for newcomers. Examples include:
The guides are written and updated by various Econlib editors and Liberty Fund staff. More guides are available on the Guides page. Who's WhoThe content of the Library of Economics and Liberty website is selected by an independent Advisory Board, comprised of academics with a broad range of interests, along with Liberty Fund staff members, and is assembled by the Editor. Editorial Staff
Roberts is a regular commentator on business and economics for National Public Radio's Morning Edition. In addition to numerous academic publications, he has written for the New York Times and the Wall Street Journal. Professor Roberts is especially interested in communicating economics to non-economists. His first novel, The Choice: A Fable of Free Trade and Protectionism, a jargon-free book on international trade written for the non-economist, was named one of the top ten books of 1994 by Business Week and one of the best books of 1994 by the Financial Times. An updated and revised edition was published in the spring of 2000. His new book is The Invisible Heart: An Economic Romance (MIT Press, 2001).
Russ Roberts is the host of EconTalk, economics podcasts available here and through iTunes. He blogs at Cafe Hayek along with Don Boudreaux.
He has written in a wide range of scholarly publications and has published over 200 articles and book reviews in magazines and newspapers, including, in declining order of frequency, the Wall Street Journal, Fortune, the Red Herring, the Freeman, Reason, and Regulation. One of his specialties is making economics understandable to non-economists. He has written, edited, or co-authored four books, The Fortune Encyclopedia of Economics (1993), The Joy of Freedom: An Economist's Odyssey (2002), Making Great Decisions in Business and Life (2006), and The Concise Encyclopedia of Economics (2008). He has testified before committees of the U.S. Congress and has appeared on The O'Reilly Factor, the Jim Lehrer Newshour, CNN, and C-SPAN. In 1984, he won the Mencken Award for Best Investigative Journalism Article.
Advisory Board
Bils' recent research has focused on how pricing behavior contributes to business-cycle fluctuations, the importance of schooling differences across countries, and the importance of new and better consumer products. His recent published work on these topics includes "What Inventory Behavior Tells Us About Business Cycles" (written with James A. Kahn, American Economic Review, June 2000), "Does Schooling Cause Growth?" (written with Peter J. Klenow, American Economic Review, December 2000), and "Quantifying Quality Growth" (written with Peter J. Klenow, American Economic Review, forthcoming 2001).
During the Spring 1996 semester he was an Olin Visiting Fellow in Law and Economics at the Cornell Law School. His PhD in economics is from Auburn University (1986) and his law degree is from the University of Virginia (1992). He has lectured, in the United States, Canada, Latin America, and Europe, on a wide variety of topics, including the nature of law, antitrust law and economics, and international trade. He is published in The Wall Street Journal, Investor's Business Daily, Regulation, Reason, Ideas on Liberty, the Washington Times, The Journal of Commerce, the Cato Journal, and several scholarly journals such as the Supreme Court Economic Review, Southern Economic Journal, Antitrust Bulletin, and the Journal of Money, Credit, and Banking. Don Boudreaux blogs at Cafe Hayek along with Russ Roberts.
Professor Lee's research has covered a variety of areas including the Economics of the Environment and Natural Resources, the Economics of Political Decision Making, Public Finance, Law and Economics, and Labor Economics. He has published over 100 articles in academic journals, over 100 articles and commentaries in magazines and newspaper, and has coauthored 8 books and served as the contributing editor of two more. He has lectured at universities and conferences throughout the United States as well as in Europe, South America, Asia and Africa. He was president of the Association of Private Enterprise Education for 1994-95 and president of the Southern Economic Association from 1997-98. Liberty Fund StaffJames Cote, Webmaster. James Cote is a Fellow, and Director of Information Services at the Liberty Fund. Before coming to Liberty Fund, Cote worked as a project leader at MCI and as a computer consultant for companies such as NEC, LTV Steel, the NCUA and Southwest Airlines. He graduated from Trinity University. David M. Hart, Director of the Online Library of Liberty Project, Liberty Fund. Before joining Liberty Fund in 2001, David taught modern European history at the University of Adelaide, Adelaide, South Australia. He received a Ph.D. from King's College, Cambridge and an MA from Stanford University. His research interests include the history of classical liberal thought, film and history, and the use of IT in teaching and learning. Nyle Kardatzke, now retired, former Econlib Liaison from 2006-2009. A Senior Fellow who worked in the Liberty Fund conference program, he graduated from Anderson University (Indiana) and holds M.A. and Ph.D. degrees in economics from UCLA. He taught economics at Marquette University before spending most of his career as a private school headmaster in Wisconsin, Kansas, and Indiana. He has been succeeded as Econlib Liaison by Amy Willis. Amy Willis, Econlib Liaison for Liberty Fund, is a Liberty Fund Fellow who also works in the Liberty Fund conference program. She is a graduate of the University of Vermont and holds Masters degrees from the University of Delaware and Arizona State University. She taught high school and college economics in Arizona, and served as the Executive Director of the Arizona Council on Economic Education before joining Liberty Fund in 2006. |
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The cuneiform inscription in the Liberty Fund logo is the earliest-known written appearance of the word "freedom" (amagi), or "liberty." It is taken from a clay document written about 2300 B.C. in the Sumerian city-state of Lagash.
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