Archive for Thomas J. Shelly
From Each According to His Abilities . . .
The late Mr. Shelly was a high school teacher in Yonkers, New York. This essay, first published in 1951 as “A Lesson in Socialism,” was a popular FEE reprint for many years. As a teacher, I found that the socialist-communist idea of taking “from each according to his abilities,” and giving “to each according to [...]
1Mar1996 | Thomas J. Shelly | 5 comments | ContinuedA Page on Freedom: Number 2
A Lesson in Socialism As a teacher, I speculate with the pupils as to the probable results if I used the socialistic theory for grading—downgrading the better and upgrading the poorer papers. First, the highly productive pupils-and they are always a minority in school as well as in life—would soon lose all incentive for producing. [...]
1Jan1984 | Thomas J. Shelly | 0 comments | ContinuedHigh School Economics
Mr. Shelly is a member o/ the stall of the Foundation /or Economic Education. Student answers to questions concerning business practices, government controls, labor relations, and other aspects of human affairs ought to indicate what they have been taught about economics. Here are the results of a recent poll of 1,443 students in 13 high [...]
1Feb1956 | Thomas J. Shelly | 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




