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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

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 ...

Book Review: Russia’s Secret Rulers

Russia's Secret Rulers: How the Government and the Criminal Mafia Exercise Their Power by Lev Timofeyev (New York: Alfred A. Knopf, 1992); 177 pages; $21.00. The Soviet Union was a harsh taskmaster for those who were interested in truth and were ...

The Failure of Socialism and Lessons for America, Part 1

Part 1 | Part 2 The world is watching the spectacle of Russia and the other captive nations of the former Soviet Union trying to free themselves from their seventy-five-year experiment in socialism. The bankruptcy of the system is ...

Book Review: Reinventing Politics

Reinventing Politics: Eastern Europe from Stalin to Havel by Vladimir Tismaneanu (New York: The Free Press, 1992); 312 pages; $24.95. Europe lasted for more than four decades. And each of the communist regimes constructed in ...
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