Paul Poirot edited The Freeman for the Foundation for Economic Education (FEE), from 1955 until his retirement in 1987. He continued as editor emeritus of the magazine until the time of his death in 2006. He was a 1936 graduate of the University of Illinois and earned a doctorate in agricultural economics from Cornell University in 1940. He was employed as an economist by the US Office of Price Administration in Washington, DC from 1941 to 1945. It was here that he learned the vagaries of government control first-hand.
Ludwig von Mises: "Monetary calculation and cost accounting constitute the most important intellectual tool of the capitalist entrepreneur, and it was no one less than Goethe who pronounced the system of double-entry bookkeeping one of the finest inventions of the human mind." - Liberalism