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Author » Richard M. Ebeling

Richard M. Ebeling is a professor of economics at Northwood University. He was formerly president of The Foundation for Economic Education (2003–2008), was the Ludwig von Mises Professor of Economics at Hillsdale College (1988–2003) in Hillsdale, Michigan, and served as vice president of academic affairs for The Future of Freedom Foundation (1989–2003).

Latest from Richard M. Ebeling

Book Review: Market Liberalism

Market Liberalism: A Paradigm for the 21st Century edited by David Boaz and Edward H. Crane (Washington, D.C.: Cato Institute, 1993); 404 pages; $15.95. As the 20th century approaches its end, the American people face ...

Free Trade, Managed Trade and the State, Part 3

Part 1 | Part 2 | Part 3 | Part 4 | Part 5 "Protectionism is purely and highly socialistic," American economist Francis Walker observed in 1887. "Its purpose is so to operate upon individual choices ...

Book Review: Out of Work

Out of Work: Unemployment and Government in Twentieth-Century America by Richard K. Vedder and Lowell E. Gallaway (New York/London: Holmes & Meier, 1993); 336 pages. In 1932, the English economist Edwin Cannan delivered the ...

Free Trade, Managed Trade and the State, Part 2

Part 1 | Part 2 | Part 3 | Part 4 | Part 5 In 1836, the English classical liberal Henry Fairbairn looked into the future and this is what he saw: "Seeing then, that in ...

Book Review: Mises

Mises: An Annotated Bibliography compiled by Bettina Bien Greaves and Robert W. McGee (Irvington-on-Hudson, New York: The Foundation for Economic Education, 1993); 391 pages; $14.95. In his 1894 book, The Tyranny of Socialism, the French classical liberal Yves Guyot admitted that ...

Free Trade, Managed Trade and the State, Part 1

Part 1 | Part 2 | Part 3 | Part 4 | Part 5 "The principle of free trade is non-interference," wrote the English classical economist Nassau Senior in 1828. "It is to suffer every man ...

Book Review: Second Thoughts

Second Thoughts: Myths and Morals of U.S. Economic History edited by Donald N. McCloskey (New York: Oxford University Press, 1993); 208 pages; $24.95. In his introduction to the 1954 book Capitalism and the Historians , ...

Living the Life of a Lie, Part 3

Part 1 | Part 2 | Part 3 The greatest myth that has emerged out of the end of the Cold War is that a philosophy of freedom has triumphed over an ideology of totalitarianism. The post-World War ...

Book Review: Prices & Knowledge

Prices & Knowledge: A Market-Process Perspective by Esteban F. Thomsen (New York: Routledge, 1992); 150 pages. In spite of the repudiation of Soviet-style socialist central planning, the free market has not triumphed. A good part of the reason for this is ...

Living the Life of the Lie, Part 2

Part 1 | Part 2 | Part 3 In 1949, John T. Flynn published a book entitled The Road Ahead: America's Creeping Revolution. In it he explained that "modern socialism means the assumption by the State of the ...
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