Gary M. Galles

gary.galles@pepperdine.edu

Gary M. Galles is a professor of economics at Pepperdine University. His recent books include Faulty Premises, Faulty Policies (2014) and Apostle of Peace (2013).

Related Freeman Articles

Blog

Happy Birthday, Leonard Read

SEPTEMBER 26, 2014 by GARY M. GALLES

Read left a lucrative career to create FEE at a time when freedom's prospects in the world were bleak.

Blog

Where’s My Quid?

Exchange value is inherently unequal

SEPTEMBER 18, 2014 by GARY M. GALLES

Viewing voluntary exchanges as involving equal values leaves people blind to the mutual benefits created by "unequal" exchanges.

Clichés of Progressivism

#22 – "Voluntary, Market-Based Arrangements ‘Use’ People”

SEPTEMBER 12, 2014 by GARY M. GALLES

Progressives claim that the free market treats people like commodities. In reality, it is the only economic arrangement that protects the individual.

Feature

Ends, Means, and Leonard Read

An old dictum has done a lot of damage throughout history

SEPTEMBER 10, 2014 by GARY M. GALLES

Leonard Read reminded us that we are ends in ourselves, not to be used by reformers for political gain or utopian projects.

Feature

Compulsion Is Not Cooperation

Market competition expands cooperative arrangements among people

MAY 27, 2014 by GARY M. GALLES

Competition in the marketplace brings people who don't know each other and otherwise wouldn't deal with each other into cooperation.

CURRENT ISSUE

December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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