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Article
Crisis spurs demands for government action. Crisis is today fueled by waves of migration, structural change from technology and globalization, concern over climate change, and repercussions from the Great Recession. These changes spur moves towards nationalism and protectionism. The demands for action come from below and above. All tend to give rise to greater government .. MORE
Liberty Classics
Questions are not scarce in economics, and the title of this book poses a whopper: “Are Economists Basically Immoral?”1 Spoiler alert, the answer is “no”. However, it is easy to see how economists get a bad rap when the public thinks economics is all about greed and maximizing profit. A book that uses this question .. MORE
Article
One common criticism of capitalism is that it has sparked an epidemic of loneliness. This is often attributed to the individualistic nature of capitalism, and to the fact that markets have replaced a variety of more personal and communal connections with commercial activities. Karl Marx indeed expected that this trend will go as far as .. MORE
Business Economics
Economic Education
Incentives
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econtalk-extra
In this episode of EconTalk, host Russ Roberts welcomes back philosopher and professor Leon Kass, to delve into the complex thoughts of Jean-Jacques Rousseau. It’s more than a discussion about Rousseau’s profound influence on Western philosophy. It is an opportunity to witness the art of deep reading as these two colleagues of Shalem College model .. MORE
econtalk-podcast
Is long form reading a dying pastime? Journalist and cultural critic James Marriott joins EconTalk’s Russ Roberts to defend the increasingly quaint act of reading a book in our scrolling-obsessed, AI-summarized age. He urges juggling a paper book and a Kindle, recounts ditching his smartphone to rescue his attention, and shares tactics for finding the .. MORE
Labor Mobility, Immigration, Outsourcing
There is something worse than everybody wanting to come to your country: that’s if everybody tried to avoid it. America is not at this point, but there is a play about that in a theater of the absurd near you. Official figures show a significant drop in foreign tourists coming to America this year compared .. MORE
#ReadWithMe
Based on the discussion over numerous posts in this series (beginning here) unpacking the arguments of Musa al-Gharbi’s We Have Never Been Woke: The Cultural Contradictions of a New Elite, one might assume that al-Gharbi is hostile to woke ideas or woke values. But that would be a mistake, and would show that one has .. MORE
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The Man Versus The State by Herbert Spencer was originally published in 1884 by Williams and Norgate, London and Edinburgh. The book consisted of four articles which had been published in Contemporary Review for February, April, May, June, and July of 1884. For collection in book form, Spencer added a Preface and a Postscript. In .. MORE
Frédéric Bastiat (1801-1850) was a French economist, statesman, and author. He was the leader of the free-trade movement in France from its inception in 1840 until his untimely death in 1850. The first 45 years of his life were spent in preparation for five tremendously productive years writing in favor of freedom. Bastiat was the .. MORE
A review of Land of Hope: An Invitation to the American Story by Wilfred McClay.1 American history isn’t what it used to be. Once it was common for a history textbook author to tell a good story. I remember as an eighth-grade student being horrified that my teacher was going to toss out a bunch .. MORE
Book Review of In Search of Monsters to Destroy: The Folly of American Empire and the Paths to Peace, by Christopher J. Coyne.1 According to Ludwig von Mises, “economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics” ([1949] 2007, p. .. MORE
VIDEO
Svetozar “Steve” Pejovich, one of the most dynamic and insightful theorists writing on property rights, reflects on his experience in economics. With characteristic sagacity and humor, he demonstrates the power that empirical cases can bring to bear on theoretical problems. Born in Belgrade, Pejovich is Professor Emeritus at Texas A&M University, where he taught for .. MORE
VIDEO
Nobel laureate Ronald H. Coase (1910-2013) was recorded in 2001 in an extended video now available to the public. Coase’s articles, “The Problem of Social Cost” and “The Nature of the Firm” are among the most important and most often cited works in the whole of economic literature. Coase recounts how he tried to encourage .. 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.
Introduction Chattel slavery involves the ownership by one person of another. This entry focusses on the operation of that labor system in the United States. Although chattel slavery dates back to the dawn of civilization, in the area that became the United States it emerged after the importation of Africans to the Virginia colony in .. MORE
In most countries government spending has grown quite rapidly in recent decades. Chart 1 shows U.S. federal spending as a percentage of gross national product from 1790 to 1990. Chart 2 shows Sweden’s central government expenditures as a percent of GNP. Although not many countries have such long data series, these countries apparently are typical. .. MORE
Few subjects in economics have caused so much confusion—and so much groundless fear—in the past four hundred years as the thought that a country might have a deficit in its balance of payments. This fear is groundless for two reasons: (1) there never is a deficit, and (2) it would not necessarily hurt anything if .. MORE
-Arthur Seldon
-Ludwig von Mises Full Quote >>
-David Hume Full Quote >>