May 2025 ISSUE

Popular Economics Books to Read or to Avoid

By Arnold Kling

This article has two lists: a list of popular economics books that I recommend reading; and a list of popular economics books that I recommend avoiding.1 What is a popular economics book? My first thought is that it is written without the mathematics and diagrams that ...

Why Nogales Fails

By Roberto Salinas León

In their influential magnum opus, Why Nations Fail, Daron Acemoglu and James A. Robinson develop the proposition that the wealth of nations is ultimately the outcome of political and economic institutions able to generate prosperity, progress and the distribution of opp...

Law, Legislation, and Libertarianism

By Alberto Mingardi

A Book Review of Common Law Liberalism: A New Theory of the Libertarian Society, by John Hasnas.1 "Look around." John Hasnas's main political advice may sound extravagant. But his remarkable book, Common Law Liberalism,1 is a caveat against "inattentional blindne...

The Inescapable Principle of Comparative Advantage

By Erik W. Matson

David Ricardo. In a recent article in The Financial Times Nat Dyer argues that economists misunderstand tariffs.1 He points out that tariffs have political and moral dimensions not captured by standard economic reasoning. We therefore take economists' widespread advo...

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