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

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.

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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.

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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.

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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.

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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.

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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.

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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.

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CURRENT ISSUE

September 2014

For centuries, hierarchical models dominated human organizations. Kings, warlords, and emperors could rally groups--but also oppress them. Non-hierarchical forms of organization, though, are increasingly defining our lives. It's no secret how this shift has benefited out social lives, including dating, and it's becoming more commonplace even in the corporate world. But it has also now come even to organizations bent on domination rather than human flourishing, as the Islamic State shows. If even destructive groups rely on this form of entrepreneurial organization, then hierarchy's time could truly be coming to an end.
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