Archive for Dean Russell
Dean Russell was a long-time FEE staff member and the author of several books, including Frederic Bastiat: Ideas and Influence.
Play Store Economics
When youngsters play store, their pricing policy resembles that of the master planners in socialist societies – they have no actual market to reflect supply-demand situations and give meaningful prices.
1Jan1964 | Dean Russell | 0 comments | ContinuedWages and Unemployment
Dr. Russell is Director of the School of Political Economy of the Foundation for Economic Education. You hear it everywhere: Wages must be kept high in order to increase the purchasing power of the wage earners, so that they can buy back the products they make in our factories, and thus keep everybody working and [...]
1May1963 | Dean Russell | 0 comments | ContinuedHow Not to Win
Most Americans seem obsessed with the idea of winning some sort of an "economic contest with the Russians." I’m not quite sure what the alleged contest is all about. and for the life of me, I can’t understand why it’s important for us to win it. Personally, I wish the Russian people well. Nothing would [...]
1Apr1963 | Dean Russell | 0 comments | ContinuedEconomic Growth
Dr. Russell is Director of the School of Political Economy of the Foundation for Economic Education. The word "democracy" now has a rival for popularity; it is "economic growth." and like democracy, economic growth seems to mean whatever the user wants it to mean. Ordinarily, the growth of our economy is measured by the gross [...]
1Apr1963 | Dean Russell | 0 comments | ContinuedSources of Governmental Authority
Where does government get its authority to do so many things that no person or group has a right to do?
1Mar1963 | Dean Russell | 0 comments | ContinuedDemocracy and Guaranteed Jobs
Dr. Russell is Director of the School of Political Economy of The Foundation for Economic Education. A favorite cliché of those who have faith in the welfare state is this: In a democracy, we can have both guaranteed jobs and freedom of choice. Those people are aware that in a dictatorship it doesn’t work out [...]
1Feb1963 | Dean Russell | 0 comments | ContinuedFreedom Follows the Free Market
Dr. Russell is a member of the staff of the Foundation for Economic Education and Director of the FEE School of Political Economy. This article is one of a series now being offered on LP records (33 1/3 r.p.m.) further described on page 1 of this issue of THE FREEMAN. Many of my conservative and [...]
1Jan1963 | Dean Russell | 2 comments | ContinuedPrinciples Of Taxation
Dr. Russell recently rejoined the staff of the Foundation for Economic Education to develop and direct the FEE School of Political Economy. Compulsory military service in our nation is based squarely on the democratic principle that every person is obligated to serve his country equally and to the best of his ability. We American people [...]
1Nov1962 | Dean Russell | 0 comments | ContinuedBasis of Liberty
Dr. Russell recently has re-joined the staff of the Foundation for Economic Education. This article first appeared in the Sunday edition of the Rockford (Illinois) Morning Star, January 7, 1962. Freedom Disappears When Economy Is Controlled In one of his fables Aesop said: "A horse and a stag, feeding together in a rich meadow, began [...]
1Jul1962 | Dean Russell | 0 comments | ContinuedSocialism Is Not The Answer
Dr. Russell is Professor of Economics at Rockford College and Chairman of the Department of Economics and Business Administration. This article is from his weekly editorial column in the Sunday edition of the Rockford (Illinois) Morning Star, January 21, 1962. Sociologists generally agree that "aid to dependent children" (including foster homes for them) is a [...]
1May1962 | Dean Russell | 0 comments | ContinuedGM: Competition and Choice
Dr. Russell is Professor of Economics at Rockford College and Chairman of the Department of Economics and Business Administration. This article is from his column of February 4, 1962, in the Rockford [Illinois] Morning Star. For Several Years Now, a competitor of General Motors has gained national attention by claiming we would all be better [...]
1Apr1962 | Dean Russell | 0 comments | ContinuedUnited We Fall
Dr. Russell is Professor of Economics at Rockford College and Chairman of the Department of Economics and Business Administration. This article is from his columns of October 22 and 29, 1961, in the Rockford [Illinois] Morning Star. One hundred years ago, the most perfect "United Nations" the world has ever known erupted into war. That [...]
1Mar1962 | Dean Russell | 0 comments | ContinuedTariffs Kills Jobs
Dr. Russell is Professor of Economics at Rockford College and Chairman of the Department of Economics and Business Administration. This article is from his column of November 19, 1961, in the Rockford [Illinois] Morning Star. Rep. Noah M. Mason of Illinois, top Republican on the House Ways and Means Committee, is now predicting that the [...]
1Feb1962 | Dean Russell | 0 comments | ContinuedLegalBut Immoral
Dr. Russell is Professor of Economics at Rockford College and Chairman of the Department of Economics and Business Administration. This article is from his weekly editorial column in the Sunday edition of the Rockford (Illinois) Morning Star, September 10, 1961. All of us, at one time or another, have repeated the phrase, "Might doesn’t make [...]
1Jan1962 | Dean Russell | 0 comments | ContinuedThe Silent Partner
Dean Russell, formerly of the Foundation staff, is professor of economics at Rockford College. This article is from a study he has recently made on the automobile and its impact on the American economy and government. We American are only 6.4 per cent of the world’s population, living on less than 6 per cent of [...]
1Feb1960 | Dean Russell | 0 comments | ContinuedThe Last Billionaire
Dean Russell, formerly of the Foundation staff, is Professor of Economics at Rockford College. This article is from a study he has recently made on the automobile and its impact on the American economy and government. A man named Albert Strelow once passed up a large fortune because he thought the profits of Ford Motor [...]
1Dec1959 | Dean Russell | 2 comments | ContinuedIf Work Were Wealth
Translated by Dean Russell from Oeuvres Completes de Frederic Bastiat, Vol. II. Paris: Guillaumin, 1862. In France in 1846, a chief argument of the protectionists was that tariffs created more work, and that this was good for the workers. The leader of the free traders, Frederic Bastiat, answered as follows: In my village, there was [...]
1Jun1959 | Dean Russell | 0 comments | Continued-
The Latest
JPMorgan Chase and Casino Banking
JPMorgan Chase & Co., one of the nation’s leading banks, revealed in May that a London trader racked... Read More
Individualism, Trade-Unions, and “Self-Governing Combinations”
Who do you imagine said this? “[Trade-unions] seem natural to the passing phase of social evolution,... Read More
Bubbles, Malinvestment, and Higher Education
Many commentators are asking whether the next big bubble to burst will be the debt associated with the... Read More
JPMorgan’s Blunder Is No Market Failure
I am not going to try to defend JPMorgan Chase for its recent, widely reported financial blunders. ... Read More
For Equality; Against Privilege
This TGIF originally ran July 7, 2006. The freedom philosophy can be boiled down to two phrases: for... Read More
