Conversation Arts: Civility, Incivility, and Persuasion, Favorites: Annual Top Ten, Middle East, Israel, Monologues from Russ
Reflections from Latin America
“A spectre is haunting Latin America; the spectre of the ‘Chilean model'”, wrote Chilean novelist Carlos Franz in a most brilliant essay.1 It is certainly not a terrifying ghost nor is it a ghoulish apparition that announces itself by dragging chains in the dark. The reason why Mr. Franz deems the Chilean model a “spectre” .. MORE
Reflections from Latin America
I am back in Bogotá, this time to write an adaptation of “Grey’s Anatomy” aimed at Latin American audiences. People at Disney think it is an experiment worth trying and so does the local co-producer. Everyone around me looks jubilant and thrilled at the idea of a medical melodrama set in a big Latin American .. MORE
Book Review, Kling's Corner
Pre-industrial society was characterized by low degrees of economic, political and cultural integration. By contrast, a high degree of integration in all three respects is the hallmark of modernity… Economically, modernity breeds integration by its systematic division of labour. All members of modern society specialize in a single economic activity, offering their labour, skill or .. MORE
Conversation Arts: Civility, Incivility, and Persuasion
Books: Reviews and Suggested Readings
Economics of Crime
Incentives
International Macroeconomics
Incentives
Economics of Health Care
Economics and Culture
econtalk-podcast
Would an AI simulation of your dead loved one be a blessing or an abomination? And if you knew that after your own death, your loved ones would create a simulation of you, how would that knowledge change the way you choose to live today? These are some of the questions psychologist Paul Bloom discusses with EconTalk’s Russ Roberts as we stand on the threshold .. MORE
econtalk-extra
It seems obvious that moral artificial intelligence would be better than the alternative. Can we make AI’s values align with ours, and would we want to? This is the question underlying this conversation between EconTalk host Russ Roberts and psychologist Paul Bloom. Setting aside (at least for now) the question of whether AI will become smarter, .. MORE
Books: Reviews and Suggested Readings
Yet Another Drug War Failure by Ted Galen Carpenter, antiwar.com, April 23, 2024. Excerpt: Despite such spectacular policy failures, drug warriors in the United States and other countries cling to hard-line strategies and refuse to face an inconvenient economic truth. Governments are not able to dictate whether people use mind-altering substances. Such vices have been .. MORE
Economics of Crime
Pierre Lemieux’s excellent post on The Economist‘s dismissal of an argument against gun control reminded me of a line from, I think, one of Robert MacNeil’s books. He said, “It has always been axiomatic to me that easy access to firearms would lead to more crime, in particular, homicide.” See the problem? It’s not axiomatic. .. MORE
Explore the lasting legacies and
continued relevance of our classic titles.
Published Under the Superintendence of the Society for the Improvement of the Working Population in the County of Glamorgan
The present volume includes all of the essays in which Fetter developed and presented his theory of distribution; the only important writings excluded are his two treatises: The Principles of Economics (New York: The Century Co., 1910) and Economic Principles (New York: The Century Co., 1915)…. [From the Preface by Murray N. Rothbard]
The Fortunes of Liberalism1 collects a wide-ranging number of Friedrich. A. Hayek’s articles, reviews, addresses, and even obituaries—35 in total—spanning all seven decades of his scholarly career from the 1920s to the 1980s. To call this collection eclectic is an understatement, but the unifying theme is Hayek’s perspective on thinkers who have some connection to .. MORE
A Liberty Classic Book Review of The Reason of Rules: Constitutional Political Economy, by Geoffrey Brennan and James M. Buchanan.1 Geoffrey Brennan and James Buchanan’s The Reason of Rules is remarkable. It is an important book, and the questions that the authors wrestle with are massive. When so much academic work feels as though it .. MORE
VIDEO
The twentieth century witnessed the unparalleled expansion of government power over the lives and livelihoods of individuals. Much of this was the result of two devastating world wars and totalitarian ideologies that directly challenged individual liberty and the free institutions of the open society. Other forms of expansion in the provision of social welfare and .. MORE
VIDEO
Recipient of the Nobel Memorial Prize in Economic Sciences, Milton Friedman (1912-2006) has long been recognized as one of our most important economic thinkers and a leader of the Chicago school of economics. He is the author of many books and articles in economics, including A Theory of the Consumption Function and A Monetary History .. MORE
Econlib Videos
Conversations with some of the most original thinkers of our time
The Reading Lists by Topic pages contain some suggested readings organized by topic, including materials available on Econlib. Brief reviews or descriptions are included for many items.
Supplementary materials for popular college textbooks used in courses in the Principles of Economics, Microeconomics, Price Theory, and Macroeconomics are suggested by topic.
These free resources are appropriate for teachers of high school and AP economics, social studies, and history classes. They are also appropriate for interested students, home schoolers, and newcomers to the topic of economics.
One of the most popular definitions of recessions is that they are periods when real gross national product (GNP) has declined for at least two consecutive quarters. In 1990, real GNP declined between the third and fourth quarters and again between the fourth quarter of 1990 and the first quarter of 1991. Hence, there is .. MORE
Interest is the price people pay to have resources now rather than later. Resources, of course, can be anything from college tuition to a big-screen TV. Interest is conventionally expressed as a percentage rate for a period of one year. If borrowers (those who want resources now) can obtain the resources from lenders (those who .. MORE
What Is Capital? The term “capital” refers to produced goods used to produce future goods. Even a corner lemonade stand could not exist without capital; the lemons and the stand are the essential capital that makes the enterprise operate. A recent study by Dale Jorgenson of Harvard University discovered that almost half of the growth .. MORE
-Arthur Seldon
-Ludwig von Mises Full Quote >>
-Frederic Bastiat Full Quote >>