Econlib

@Econlib

Part of the @Liberty_Fund Network - Economics for every life. Home of EconLog, EconTalk, the Concise Encyclopedia of Economics, and much more.

Indianapolis, IN

Joined May 2009

3KFollowing

24KFollowers

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Econlib Retweeted

Peter Boettke@PeterBoettke · Jul 21

AI Can’t Replace Free Markets by @Marian_L_Tupy and @PeterBoettke wsj.com/opinion/algori…

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Econlib@Econlib · 3 h

📘 “The quest for community has become the quest for the state.” #RobertNisbet’s The Present Age is a piercing critique of centralized power, cultural decay, and the decline of intermediate institutions. Read it free 👉 loom.ly/lPPnvEE #PoliticalPhilosophy

Econlib's tweet card. Nisbet examines the role of the United States in the world since World War I focusing on the threats that the unprecedented militarization of American life in the decades after 1914, bureaucracy,...

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Econlib@Econlib · Jul 25

Ludwig von Mises in his book on Bureaucracy and on socialism, made the really important observation that bureaucracy is the sine qua non--it is the essential form of organization for the territorial extensive state. @mungowitz with @econtalker: loom.ly/ZlDl9K4

Econlib's tweet card. Can Musk use DOGE to reduce the size and power of the bureaucracy and big government? Michael Munger of Duke University thinks not, but EconTalk’s Russ Roberts isn’t so sure. Listen as they discuss...

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Econlib@Econlib · Jul 25

Scarcity isn’t just about goods. It’s about time, talent, and tradeoffs. Get your students thinking critically with this free Econlib guide, packed with activities and questions. 🔗 loom.ly/CmA409g #ClassroomTools #CriticalThinking #Econ101 #scarcity

Econlib's tweet card. Definitions and Basics Scarcity and Choices, at SocialStudiesforKids.com. Think of a thing that you like to have. What would your life be like if you suddenly couldn’t get any more of it?… Some...

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Econlib@Econlib · Jul 24

What’s a “just price”? And who decides? Paul Mueller revisits the age-old debate on fairness in markets—and explains why letting prices work beats trying to fix them. Read more: loom.ly/fNEmSX0 #EconLib #JustPrice #Markets #Economics #Fairness #ThrowbackThursday

Econlib's tweet card. with Jan Gerber Few economists today ask whether prices are just. This is due in part to positivism and efforts to remain “value-neutral,” but ultimately, economists no longer discuss just prices...

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Econlib@Econlib · Jul 24

Why read Adam Smith? Because he saw the connection between character, community, and commerce—and explained it better than anyone. This short essay is a great classroom conversation starter: 📘 loom.ly/5QdTFXQ @online_liberty @Willis_Amy #AdamSmith #EconEd

Econlib's tweet card. Our friends at the University of Louisville's McConnell Center launched an interesting program this year in which they are asking authors and experts to tell us why WE should read the books that...

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Econlib@Econlib · Jul 24

Can tariffs drive productivity? @jmurphy8289 explores a distinct viewpoint at EconLog: loom.ly/YEx_L9A #Tariffs #Productivity #EconLog

Econlib's tweet card. Tariffs, like any tax, will generate deadweight loss in the economy. The deadweight loss is broken down into two categories: the consumption effect of the tariff and the protective effect of the...

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Econlib@Econlib · Jul 24

Before podcasts or textbooks, there was Martineau. Her Illustrations of Political Economy used storytelling to explain trade, tariffs, and more. Join us for a timeless tale of 🍷, power, and principle. 📖 loom.ly/_mqpQos #EconHistory #HarrietMartineau #TimelessVRG

Econlib's tweet image. Before podcasts or textbooks, there was Martineau.

Her Illustrations of Political Economy used storytelling to explain trade, tariffs, and more.
Join us for a timeless tale of 🍷, power, and principle.
📖 loom.ly/_mqpQos
#EconHistory #HarrietMartineau #TimelessVRG

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Econlib@Econlib · Jul 24

"Creative destruction" wasn’t just a catchy phrase—it was Schumpeter's powerful insight into how capitalism drives progress. Explore his legacy and why it still matters: loom.ly/QV6hChs #Economics #Schumpeter #Innovation #ThrowbackThursday

Econlib's tweet card. “It is not easy to know what to make of Joseph Schumpeter.” I have been immersing myself in Joseph A. Schumpeter‘s History of Economic Analysis. My reason for re-reading this classical work was to...

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Econlib@Econlib · Jul 24

Who holds more wealth— the US or Canada??? Scott Sumner explores this at EconLog: loom.ly/Z9xdgcc #Economics #WealthComparisons #EconLog

Econlib's tweet card. According to the IMF, America’s GDP per capita (in PPP terms) is 35.6% higher than in Canada. In a recent post, I pointed out that to the casual observer, Canadian living standards seem fairly close...

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Econlib@Econlib · Jul 23

"While concerns regarding the autonomy of the Federal Reserve are valid, a significant number of factors would have to misfire for it to relinquish its independence." Check out more insights from @jmurphy8289 at EconLog. loom.ly/fiz8MZU #FederalReserve #Economics

Econlib's tweet card. Lately, President Trump has been pressuring Federal Reserve chairman Jerome Powell to cut interest rates. This has set off concerns about Federal Reserve independence. And reasonably so. Generally...

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Econlib@Econlib · Jul 23

🍷📚 What do wine, trade, and political economy have in common? Join us for the next Timeless Virtual Reading Group as we explore Wine and Politics, one of #HarrietMartineau’s sharpest economic parables. 🗓️ Starts soon! Sign up 👉 loom.ly/_mqpQos #PoliticalEconomy

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Econlib@Econlib · Jul 23

"Trade war" should be a contradiction in terms. Free trade is peaceful trade. Read more from @pierre_lemieux at #EconLog: loom.ly/dLcoUqc

Econlib's tweet card. If a free country is defined as a place where an individual or private organization is free to engage in voluntary cooperation—including trade—with whoever is willing or able to and on terms accepted...

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Econlib Retweeted

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🅼🅸🅲🅷🅰🅴🅻 🅼🆄🅽🅶🅴🆁 🏖️🔪👨‍🍳@mungowitz · Jul 23

What led up to the Scottish Enightenment? A lot of things. I got a chance to talk about some of them, at @adamsmithworks !! adamsmithworks.org/speakings/mung…

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Econlib Retweeted

James Marriott@j_amesmarriott · Jul 23

I spoke to the EconTalk podcast about how to read and why The proliferation of social media, podcasts and short form video only emphasises the fact that books are the greatest information technology ever invented open.spotify.com/episode/3VS2TC…

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Econlib@Econlib · Jul 23

🎓 Teaching economics? Don’t skip opportunity cost—the most fundamental concept students think they know. This college teaching guide from @EconLib offers tools, examples, and tips to get it right: 📘 loom.ly/PDIJPaE #EconEd #OpportunityCost

Econlib's tweet card. Introduction Opportunity cost refers to what you have to give up to buy what you want in terms of other goods or services. When economists use the word “cost,” we usually mean opportunity cost. The...

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Econlib@Econlib · Jul 23

What happens when one of the 20th century’s greatest economists opens up about his work? Nobel laureate #GaryBecker discusses his bold ideas—on human capital, discrimination, crime, and more. 🎥 Watch the full conversation: loom.ly/PHKOhH0 #Economics #HumanCapital

Econlib's tweet card. Gary Becker (1930-2014) was one of the most original and pathbreaking economists of modern times. His 1992 Nobel laureate in Economic Sciences was described as his “having extended the domain of...

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Econlib@Econlib · Jul 22

There’s no such thing as a free lunch—or a free subsidy. 💡 Byron Carson explains why every government benefit carries hidden costs, tradeoffs, and lost choices. A must-read on economic reality 👇 loom.ly/uja3eLc #PolicyDebate #LibertyClassic #PublicChoice

Econlib's tweet card. A Liberty Classic Book Review of Cost and Choice: An Inquiry in Economic Theory, by James M. Buchanan.1 In less than one hundred pages, James Buchanan excoriates economists—classical and modern—for...

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Econlib@Econlib · Jul 22

🧠 “Deep reading is not a luxury—it’s a necessity.” @econtalker reflects on Rousseau and the power of reading slowly in this EconTalk Extra. 🎧 Read it here: loom.ly/tP1_Xsw 💬 Share your thoughts in the comments! #Rousseau #DeepReading #EconTalk

Econlib's tweet card. 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...

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Econlib@Econlib · Jul 22

🧠 What made 18th-c Scotland a hotspot of intellectual firepower? In this 🆕 @mungowitz & @AdamSmithWorks podcast, explore the origins of the #ScottishEnlightenment—where thinkers like #AdamSmith, Hume, and Ferguson reshaped the modern world. 🎧 Listen: loom.ly/D1fJjzs

Econlib's tweet card. AdamSmithWorks is delighted to introduce a NEW series of podcasts with Mike Munger in anticipation of the 250th anniversary of The Wealth of Nations. The recording is also available via Munger's...

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