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
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.
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.
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.
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.
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.
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.
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.
MARCH 20, 2013 by GARY M. GALLES
A clenched fist is effective for coercing, restraining, and penalizing others. But it cannot create.
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.