George Reisman


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George Reisman, Ph.D., is Pepperdine University Professor Emeritus of Economics, and the author of Capitalism: A Treatise on Economics (Ottawa, Illinois: Jameson Books, 1996; Kindle Edition, 2012), The Government Against the Economy; Warren Buffett, Class Warfare, and the Exploitation Theory; The Benevolent Nature of Capitalism and Other Essays; Labor Unions, Thugs, and Strom Troopers; and, most recently, Piketty's Capital: Wrong Theory/Destructive Program. His website is capitalism.net. His blog is georgereismansblog.blogspot.com. See his Amazon.com author's page and follow him on Twitter @GGReisman.

Dr. Reisman is married to Edith Packer, J.D., Ph.D., a clinical psychologist, with whom he lives in Laguna Hills, California.

He was personally
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Average rating: 4.28 · 808 ratings · 42 reviews · 29 distinct worksSimilar authors
Why Nazism Was Socialism an...

4.33 avg rating — 220 ratings — published 2014
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Capitalism

4.29 avg rating — 147 ratings — published 1996 — 3 editions
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HOW THE 1 PERCENT PROVIDES ...

4.27 avg rating — 92 ratings — published 2015 — 2 editions
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Piketty's Capital: Wrong Th...

3.90 avg rating — 42 ratings — published 2014
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FREEDOM OF OPPORTUNITY NOT ...

4.30 avg rating — 30 ratings — published 1992 — 2 editions
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The Toxicity of Environment...

4.07 avg rating — 30 ratings — published 1990 — 2 editions
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Marxism/Socialism, A Sociop...

4.34 avg rating — 29 ratings2 editions
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Warren Buffet, Class Warfar...

4.36 avg rating — 22 ratings — published 2012
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CAPITALIST PLANNING AND SOC...

4.60 avg rating — 10 ratings — published 2015
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FREEDOM How to Understand a...

4.38 avg rating — 21 ratings — published 2015
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“Liberty should be understood as freedom from the government, specifically, freedom from the initiation of physical force by the government.”
George Reisman

“Monopoly is a market, or part of a market, reserved to the exclusive possession of one or more sellers by means of the initiation of physical force by the government, or with the sanction of the government. Monopoly exists insofar as the freedom of competition is violated, with the freedom of competition being understood as the absence of the initiation of physical force as the preventive of competition. Where there is no initiation of physical force to violate the freedom of competition, there is no monopoly. The freedom of competition is violated only insofar as individuals are excluded from markets or parts of markets by means of the initiation of physical force. Monopoly is thus a market or part of a market reserved to the exclusive possession of one or more sellers by means of the initiation of physical force. It is thus something imposed upon the market from without—by the government. (Private individuals—gangsters—can initiate force to reserve markets only if the government allows it and thereby sanctions it.)
Thus, monopoly is not something which emerges from the normal operation of the economic system, and which the government must control.”
George Reisman

“Now I think that a fundamental fact that explains the all-round reign of terror found under socialism is the incredible dilemma in which a socialist state places itself in relation to the masses of its citizens. On the one hand, it assumes full responsibility for the individual’s economic well-being. Russian or Bolshevik-style socialism openly avows this responsibility—this is the main source of its popular appeal. On the other hand, in all of the ways one can imagine, a socialist state makes an unbelievable botch of the job. It makes the individual’s life a nightmare.”
George Reisman, Why Nazism Was Socialism and Why Socialism Is Totalitarian



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