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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

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 ...

Book Review: Hayek and the Keynesian Avalanche

Hayek and the Keynesian Avalanche by Brian McCormick (New York: St. Martin's Press, 1992); 289 pages; $59.95. In England in the 1930s, there were two opposing schools of economic thought concerning the causes, ...

Living a Life of the Lie, Part 1

Part 1 | Part 2 | Part 3 In 1979, the Czech playwright and dissident Vaclav Havel illegally published his famous essay, "The Power of the Powerless." He analyzed the nature of the totalitarian system and the role ...

Book Review: Welfare Economics and Externalities in an Open Ended Universe

Welfare Economics and Externalities in an Open Ended Universe: A Modern Austrian Perspective by Roy E. Cordato (Boston: Kluwer Academic Press, 1992); 140 pages. Classical liberals and libertarians have traditionally argued that government should be limited to certain essential functions for ...
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