Gary M. Galles

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.

Feature

For the Love of Money?

Money at the margin, not everything for money

APRIL 11, 2014 by GARY M. GALLES

Nobody does everything simply for the money. But criticizing markets for allowing money to mediate amounts to attacking their voluntary basis.

Feature

Word Power

Why I like “liberty” better than “freedom”

MARCH 14, 2014 by GARY M. GALLES

While "liberty" and "freedom" can be used interchangeably, there's a subtle but important difference between what they connote.

Feature

Papal Indulgences and “Impersonal” Markets

Markets might be impersonal, but at least they don’t require coercion

MARCH 03, 2014 by GARY M. GALLES

Some people believe the economy should reflect a particular purpose. Such a pursuit requires the coercion of some by others.

Book Review

Restrict and Stimulate

A patchwork of U.S. housing policies caused a bunch of little bubbles

NOVEMBER 22, 2013 by GARY M. GALLES

Randal O'Toole investigates the housing boom and bust, and comes up with some things you don't hear about in mainstream accounts.

Feature

Supply-Side Economics in One Lesson

What the Critics Don't Tell You

JULY 25, 2013 by GARY M. GALLES

Critics of supply-side economics ignore long-term consequences, to say nothing of how policies affect margins of choice.

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CURRENT ISSUE

November 2014

It's been 40 years since F. A. Hayek received his Nobel Prize. His insights, particularly on the distribution of knowledge and the impossibility of economic planning, remain hugely important today. In this issue, we look back on the influence of his work. Max Borders and Craig Biddle debate whether liberty must be defended from one absolute foundation, further reflections on Scottish secession, and how technology is already changing our world for the better--including how robots, despite the unease they cause, will only accelerate this process.
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