Richard M. Ebeling

Dr. Richard M. Ebeling is the recently appointed BB&T Distinguished Professor of Ethics and Free Enterprise Leadership at The Citadel. He was formerly professor of Economics at Northwood University, 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).

The Beginnings of a Reborn Austrian School of Economics

Fifty years ago, on October 10, 1973, one of the leading members of the Austrian School of Economics, Ludwig von Mises (1881–1973), passed away at the age of 92.

Why Pure Socialism is Impossible

Why Pure Socialism is Impossible

The establishment of a comprehensive system of socialist central planning would be equivalent to going back in time, before the institutions of private property and market competition had enabled the utilization of prices for rational decision-making.

Misunderstanding the Meaning of a “Monopoly”

Misunderstanding the Meaning of a “Monopoly”

As long as government secures and protects private property rights, enforces all contracts entered into voluntarily and through mutual agreement, and assures law and order under an impartial rule of law, “monopoly” as an economic or social problem is virtually non-existent. But introduce government intervention into the market system, and monopoly invariably becomes a social harm and an economic problem.

A Declaration of Independence from Tyrannical Government

A Declaration of Independence from Tyrannical Government

The “monkish ignorance and superstition” of today is the misplaced belief that the individual is to be sacrificed to the group, the collective, to the nation – as long as the banner under which it is done is called “democracy” or “social justice.”

Celebrating Adam Smith on His 300th Birthday

Celebrating Adam Smith on His 300th Birthday

Three hundred years ago, on June 5, 1723, one of the most important and influential thinkers in modern history, Adam Smith, was born in the small Scottish village of Kirkcaldy. There are few individuals who it can be said have left as lasting and as positive a legacy on humankind as Adam Smith.

Ludwig von Mises’s Free Market Agenda for a Postwar Ukraine

Ludwig von Mises’s Free Market Agenda for a Postwar Ukraine

Whether at least part of Ukraine survives as a free and independent country when this war ends, or whether that will have to wait until some time in the future, Ukrainians will have to plan for the reconstruction of their economy at some point in the future. The economic policy agenda for such a reconstruction is at least partly at hand, and can be found in the writings of the Austrian economist, Ludwig von Mises.

The Importance of Liberty and the Rhetorical Misuse of Freedom

The Importance of Liberty and the Rhetorical Misuse of Freedom

Looking over that list of hundreds of branches of the federal government also makes clear the absurdity and total misinformation of those who daily insist that America is a wild land of unregulated “laissez-faire,” where anything goes, with government being some small, poor, and starved appendage to an “out-of-control” free market.

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