Gary M. Galles

Gary M. Galles is a professor of economics at Pepperdine University.

Related Freeman Articles

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.

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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CURRENT ISSUE

April 2014

Around the world, people are struggling to throw off authoritarianism, with deeply mixed results. From Egypt to Venezuela, determined people build networks to overthrow their regimes, but as yet we have not learned to live without Leviathan. In this issue, Michael Malice and Gary Dudney discuss their glimpses inside totalitarian regimes, while Sarah Skwire and Michael Nolan look at how totalitarian regimes grind down the individual--and how individuals fight back. Plus, Jeffrey Tucker identifies a strain in libertarianism that, left unchecked, could reduce even our vibrant movement to something that is analogous to the grim aesthetic of architectural brutalism. The struggle for our lives and freedom is a struggle for beauty; it begins inside each of us.
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