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EconLib Newsletter



"Learn from yesterday, live for today, hope for tomorrow. 
The important thing is not to stop questioning."

~Albert Einstein


March was the month the world changed. We hope with all our hearts that you are safe and well. And we hope that we have served you appropriately for these times. If you missed our special newsletter edition about online teaching, you can find it here

We remain as committed as ever to bringing you the best economics content on the Web. While the COVID-19 pandemic has taken much of our attention, as with everyone, we continue to provide plenty of non-virus-related content. Check out our new Feature Articles below, join Bryan Caplan's new book club, explore a classic title you haven't had time for before, or watch an interview at Econlib Videos.

As always, we welcome your feedback, and we love to hear from you. Feel free to drop us an email at econlib@libertyfund.org anytime.

 
Econlib Feature Articles, April 2020
Is State Education Justified? An Appreciation of E.G. West's
Education and the State


By Kevin Currie-Knight
 
In our newest Liberty Classic, Currie-Knight explores why we seldom subject government involvement in K12 education to the same scrutiny as other economic interventions. West's historical research demonstrated clearly that state educational systems likely do not produce the benefits attributed to them (lower crime rates, improved human capital, increased literacy), at least in a way that justifies state provision of education. Read More.
Sick of Metaphors: Reading
Robert Shiller’s Narrative Economics

 
by Sarah Skwire
 
"It seems as if Shiller’s focus on epidemiology as a way to understand the spread of economic ideas should make the book feel up to date in significant ways. Oddly, there is nothing like the frightening reality of an actual epidemic to make a metaphorized one feel out of date." 
Read More.
Fixed Personality Traits,
Randomly Arrived At

by Arnold Kling
 
The debate about nature versus nurture is nothing new, but in this month's review, Arnold Kling starts with the importance of gestation, pivoting to a consideration of human nature as a set of individual mental disorders. What does this mean??? Read More.
Climate Change:
What is (Not) To Be Done

by Pedro Schwartz

Last month, Pedro Schwartz explored the possible role for political economists in the ongoing discussion of climate change. In this follow-up, he explores whether a spontaneous correction of impending climate tragedy is possible through the piecemeal innovations of the free market and the growth of cooperative solutions. Read More.
Coronavirus at EconLog 

We asked economist Roger Koppl, author of Expert Failure, to share his thoughts on how this concept applies to and impacts the current pandemic.

In Part 1, Koppl explored the structural problems with expertise arising from the division of labor. This poses challenges when thinking about the trade-offs between slowing the spread of the virus and shutting down the economy.

In Part 2, Koppl revisits the "silos" of expertise referenced previously, and considers their tendency toward uniformity of opinion. This "enforced orthodoxy" is particularly dangerous in times of crisis such as this when questions of pubic policy are at the forefront.

Finally, in Part 3, the tension between expertise in medicine and economics that preclude flexible thinking is contrasted with the practice of questioning. Says Koppl, "The knowledge we need in normal times and crisis times alike is distributed. It’s out there in thee and me and in all our habits practices and experience. It is not a set of instructions and doctrines coming from on high. It arises of its own from our many decentralized interactions."


More Recent Posts

Featured EconTalk Podcast Episodes
Russ Roberts and Tyler Cowen on the COVID-19 Pandemic

Economist and infovore Tyler Cowen of George Mason University talks with EconTalk host Russ Roberts about the political, social, and economic aspects of the COVID-19 pandemic.

P.S. Don't miss our EconTalk Extra, Quarantine State of Mind, for this episode, designed to facilitate further thought and discussion on this episode.


More Recent Episodes:
Join our friends at 
AdamSmithWorks for their next
Virtual Reading Group!

The first session is
Thursday, April 9.

Click here to register.
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