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

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.

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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.

Anything Peaceful

Krugman Plays Pharaoh to Capital's Exodus

MARCH 27, 2013 by GARY M. GALLES

New York Times columnist Paul Krugman has used Cyprus's crisis to endorse controls on international capital flows, arguing that "unrestricted movement of capital is looking more and more like a failed experiment." Unfortunately, his scapegoating of investors as the problem, while offering government control as the solution, confuses cause and effect.

Feature

The Clenched Fist and the General Welfare

MARCH 20, 2013 by GARY M. GALLES

A clenched fist is effective for coercing, restraining, and penalizing others. But it cannot create.

Feature

If You Like Wikipedia, You Should Love Markets

JANUARY 30, 2013 by GARY M. GALLES

Wikipedia's success illustrates all the benefits of free and voluntary association that free markets provide despite government obstacles.

Feature

Unions: Freedom of Coercive Association?

JANUARY 08, 2013 by GARY M. GALLES

Labor law allows unions to impose themselves even on workers and employers who do not want to associate with them. That's not freedom of association, it's coercion and extortion, says Gary Galles.

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July/August 2014

The United States' corporate tax burden is the highest in the world, but innovators will always find a way to duck away from Uncle Sam's reach. Doug Bandow explains how those with the means are renouncing their citizenship in increasing numbers, while J. Dayne Girard describes the innovative use of freeports to shield wealth from the myriad taxes and duties imposed on it as it moves around the world. Of course the politicians brand all of these people unpatriotic, hoping you won't think too hard about the difference between the usual crony-capitalist suspects and the global creative elite that have done so much to improve our lives. In a special tech section, Joseph Diedrich, Thomas Bogle, and Matthew McCaffrey look at various ways these innovators add value to our lives--even in ways they probably never expected.
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