Econlib
CITY FORMATION, URBAN ISSUES
Donald Shoup on the Economics of Parking
Author and economist Donald Shoup of UCLA talks about destructive parking policies with EconTalk host Russ Roberts. Shoup argues that most parking policies inflict unseen damage on the economy. He urges cities to charge for curbside parking and use the proceeds to improve the neighborhood beyond the curb. Stroup also e...
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Jun 7 2021
ARTICLE
Nikole Hannah-Jones vs the UNC Board of Governors:...
By Michael Munger
What is academic freedom, and who has it? I ask because near where I live in North Carolina there has recently arisen a controversy sparked by a process that is usually boring and bureaucratic, an academic tenure case. The University of North Carolina is recruiting Nikole Hannah-Jones as a new faculty member at the Hus...
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Jun 14 2021
BOOKS: REVIEWS AND SUGGESTED READINGS
Individualism and Western Civilization
By Pierre Lemieux
In his 1944 book The Road to Serfdom, Friedrich Hayek, a future (1974) Nobel economics prize winner, spoke about "the individualist tradition which has created Western civilization" (p. 73 in the edition edited by Bruce Caldwell, University of Chicago Press, 2007). Stokely Carmichael, a black nationalist of the 1960...
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Jun 10 2021
CRIME AND PUNISHMENT
There are no Solutions, only Trade-offs.
By Amy Willis
What is the outlook for black Americans today- is the black experience glass half full or half empty? Is racial discrimination the root of all problems in Black America? In this episode, EconTalk host Russ Roberts welcomes the Wall Street Journal's Jason Riley, who argues the current situation has been distorted by act...
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Jun 14 2021
BOOKS: REVIEWS AND SUGGESTED READINGS
Avoiding The Next Big One
By Shanon FitzGerald
  2034: A Novel of the Next World War, by Elliot Ackerman and Admiral James Stavridis, is a startling book. Not because of the general scenario it lays out—few students of politics and international affairs will be surprised by the suggestion that great power conflict between China and the United States i...
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BASIC CONCEPTS
Natural Resources
By Sue Ann Batey Blackman and William J. Baumol
The earth’s natural resources are finite, which means that if we use them continuously, we will eventually exhaust them. This basic observation is undeniable. But another way of looking at the issue is far more relevant to assessing people’s well-being. Our exhaustible and unreproducible natural resources, if measu...
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Regard to our own private happiness and interest, too, appear upon many occasions very laudable principles of action.
Adam Smith
The Theory of Moral Sentiments
Jun 13 2021
MONETARY POLICY
Notes on Taking Hummel's Monetary Theory and Polic...
By David Henderson
I wrote the final exam in Jeff Hummel's Masters course in Monetary Theory and Policy last month and got the results about 10 or 12 days ago. I got an A+. (Yay!) Now you might say that I should have gotten an A+, given that I have a Ph.D. in economics and given that one of the readings on the syllabus was by me. (By the...
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Jun 7 2021
BOOK REVIEW
Drop Your Intellectual Defenses
By Arnold Kling
So if our instincts undervalue truth, that's not surprising—our instincts evolved in a different world, one better suited to the soldier. Increasingly, our world is becoming one that rewards the ability to see clearly, especially in the long run; a world in which your happiness isn't nearly as dependent on your abili...
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Jan 21 2019
FAMILY AND SELF-HELP
Jennifer Doleac on Crime
Economist Jennifer Doleac of Texas A&M University talks with EconTalk host Russ Roberts about her research on crime, police, and the unexpected consequences of the criminal justice system. Topics discussed include legislation banning asking job applicants if they've been in prison, body cameras for police, the use ...
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To say that any act of government is legitimate because that act is sanctioned by a majority or a plurality of the community's members, or by a majority or plurality of their elected representatives in a legislature, or by their elected, appointed, or anointed designates in executive or judicial roles, is to elevate collective or governmental institutions and process to a position superior to content.
James M. Buchanan
THE ECONOMICS OF SPECIAL MARKETS
Auctions
By Leslie R. Fine
When most people hear the word “auction,” they think of the open-outcry, ascending-bid (or English) auction. But this kind of auction is only one of many. Fundamentally, an auction is an economic mechanism whose purpose is the allocation of goods and the formation of prices for those goods via a process known as bi...
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