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Gary Galles

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Works Published inMises Daily Article

Gary M. Galles is a Professor of Economics at Pepperdine University and an adjunct scholar at the Ludwig von Mises Institute. He is also a research fellow at the Independent Institute, a member of the Foundation for Economic Education faculty network, and a member of the Heartland Institute Board of Policy Advisors.

His research focuses on public finance, public choice, economic education, organization of firms, antitrust, urban economics, liberty, and the problems that undermine effective public policy. His scholarly articles have appeared in The European Journal of the History of Economics Thought, The American Economist, The Journal of Libertarian Studies, The Journal of Economics and Finance Education, The American Journal of Economics and Sociology, The Atlantic Economic Review, The Journal of Social, Political and Economic Studies, and The Independent Review. He has also authored well over 1,000 articles for general audiences, in dozens of outlets. In addition to his most recent book, Pathways to Policy Failures (2020), his books include Lines of Liberty (2016), Faulty Premises, Faulty Policies (2014), and Apostle of Peace (2013).

All Works

Nuclear Giants and Ethical Infants

11/25/2021Power & Market
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Leonard Read, Thanksgiving, and the Essence of Americanism

11/24/2021Power & Market
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Friedman, Freedom, and The Road to Serfdom

11/23/2021Power & Market
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Why It's Important to Prepare Students for "Trick Questions"



A "good" education consists of learning how to spot "trick questions" that lead us astray from clear thinking. We often see that every "free lunch" offered by politicians involves at least one trick question.

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Leaving behind the Labor Theory of Value

Value and Exchange


Immense damage has been done to economic theory by the error of believing the "labor theory of value." Our work is not what gives value to goods and services. It's the other way around.

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