Artificial Intelligence, Labor, Technology and Information
Book Review, Kling's Corner
A network state is a social network with a moral innovation, a sense of national consciousness, a recognized founder, a capacity for collective action, an in-person level of civility, an integrated cryptocurrency, a consensual government limited by a social smart contract, an archipelago of crowdfunded physical territories, a virtual capital, and an on-chain census that .. MORE
Book Review, Kling's Corner
Economists give high moral status to transactions between consenting adults. We presume that such exchanges make both parties better off. In Phishing for Phools: The Economics of Manipulation & Deception,1George A. Akerlof and Robert J. Shiller challenge that presumption. They argue that the natural outcome of markets is for clever entrepreneurs to discover ways to .. MORE
Book Review
A Book Review of Animal Spirits: The American Pursuit of Vitality from Camp Meeting to Wall Street, by Jackson Lears.1 When Alexis de Tocqueville visited the young American republic in the early 1830s, he immediately noticed a deep restlessness which characterized the Americans that he encountered. In the America witnessed by Tocqueville, … a man .. MORE
Free Markets
Artificial Intelligence
Economic and Political Philosophy
Energy, Environment, Resources
Books: Reviews and Suggested Readings
Family Economics
Books: Reviews and Suggested Readings
Austrian Economics
Data and Evidence
econtalk-podcast
Economist, author, and Nobel Laureate Robert Shiller of Yale University discusses his book Narrative Economics with EconTalk host Russ Roberts. Shiller proposes a novel idea–that the narratives that people believe and use to understand the world affect their economic behavior and in turn affect the macroeconomy. Shiller argues that taking these psychological effects into account .. MORE
econtalk-podcast
Science journalist and author John Horgan talks about his book, Mind-Body Problems, with EconTalk host Russ Roberts. Horgan interviewed an array of scientists, philosophers, and others who have worked on consciousness, free-will, and what it means to be human. Horgan argues that no single solution to the problems in these areas is likely to be .. MORE
Energy, Environment, Resources
Brickbat: Robot’s Day of Rest by Charles Oliver, Reason, May 10, 2024. Excerpt: A German court has ruled that the robots at the Tegut supermarket chain must be given Sundays off, just like human workers. Under German law, retail stores must close on Sundays and Christian holidays in order to give employees a day of rest. Tegut .. MORE
Books: Reviews and Suggested Readings
Charging extra for specific preferences, such as a seat selection on a flight, enables lower basic prices, increasing access to no-frills options for lower-income customers, while allowing businesses to customize their services to individual customers’ preferences. Airlines unbundle in-flight food and checked bags, for example, leading to more profit opportunities and lower base fares. .. MORE
Explore the lasting legacies and
continued relevance of our classic titles.
The Speeches contained in these two volumes have been selected and edited at the instance of the Club which was established for the purpose of inculcating and extending those political principles which are permanently identified with Cobden’s career. They form an important part of the collective contribution to political science, which has conferred on their .. MORE
Eugene Richter (1838-1906) was a member of a generation of classical liberals who died between the turn of the 19th century and the First World War. This generation included the French economist Gustave de Molinari (1819-1912), the English sociologist Herbert Spencer (1820-1903), the English historian Lord Acton (1834-1902), the English radical individualist Auberon Herbert (1838-1906), .. MORE
In 1936, seven years into the Great Depression, John Maynard Keynes’ General Theory of Employment, Interest, and Money was published. The culmination of Keynes’ theorizing in support of policies of manipulation of money and credit by the state in order to achieve macroeconomic equilibrium came with that book. A central bank, in that context, became .. MORE
A Book Review of The Story of Work: A New History of Humankind, by Jan Lucassen.1 As the subtitle suggests, Jan Lucassen’s massive work of scholarship is ambitious in scope and scale. The entire sweep of human history and the whole of the planet are its canvas and the story it tells and the analysis .. 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
VIDEO
Israel Kirzner, Professor Emeritus at NYU, is among the foremost scholars in the continuing development of the Austrian school of economic theory. He has extended our understanding of the workings of a free society, illuminated the role of entrepreneurs in the process of economic discovery, and shed new light on the dynamics of market forces. .. 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.
International capital flows are the financial side of international trade.1 When someone imports a good or service, the buyer (the importer) gives the seller (the exporter) a monetary payment, just as in domestic transactions. If total exports were equal to total imports, these monetary transactions would balance at net zero: people in the country would .. MORE
New York State legislators defend the War Emergency Tenant Protection Act—also known as rent control—as a way of protecting tenants from war-related housing shortages. The war referred to in the law is not the 2003 war in Iraq, however, or the Vietnam War; it is World War II. That is when rent control started in .. MORE
Immigration is once again a major component of demographic change in the United States. Since 1940, the number of legal immigrants increased at a rate of one million per decade. By 2002, approximately one million legal immigrants were being admitted each year, a rate of almost ten million for the decade (Table 1). Large numbers .. MORE
-Joseph Alois Schumpeter
-Ludwig von Mises Full Quote >>
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