Refuting Economic Sophistry

Source: Law & Liberty
by David Lewis Schaefer

“While Americans are typically diligent in protecting their political and religious freedom, economists Phil Gramm and Donald Boudreaux observe in The Triumph of Economic Freedom that they often show less concern for defending their economic freedom — ‘control over their own livelihoods’ — despite its essential role in securing their other rights. This is so, the authors maintain, because they ‘understand it the least.’ Lack of appreciation for how the free-market system works leaves citizens vulnerable to misleading claims by politicians, interest groups, and ambitious intellectuals that induce them to accept restrictions on economic freedom that are detrimental to their welfare.” (07/16/25)

https://lawliberty.org/book-review/refuting-economic-sophistry/