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Gary Galles

Tags Financial MarketsMonetary Theory

Works Published inMises Daily Article

Gary M. Galles is a professor of economics at Pepperdine University. He is the author of The Apostle of Peace: The Radical Mind of Leonard Read.


All Works

Learning from the British Election of 1722

U.S. HistoryWorld HistoryPolitical Theory


Cato's Letters 69 and 70 focused on the British election of 1722. But they also provide useful insights Americans should consider this November.

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The Trumped-Up Myths Behind "Trickle-Down" Economics

The EntrepreneurTaxes and SpendingPolitical Theory


The critique of "trickle-down" economics relies on a mistaken zero-sum view that more income for some must reduce incomes to others.

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No, Unions Don't Increase Everyone's Wages

U.S. EconomyPolitical Theory


Contrary to the common myth, labor unions mean fewer jobs and more competition among workers.

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Let's Impose Some Transaction Costs on Government

U.S. EconomyValue and Exchange


Economists generally do not like high transactions costs. But they can be good when imposed on governments.

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Equality and The American Democrat

U.S. HistoryPhilosophy and MethodologyPolitical Theory


James Fenimore Cooper, America's first national novelist, saw real danger from the impulse toward majority rule as a panacea for every complaint.

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