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GARRY M. GALLES, FOUNDATION FOR ECONOMIC EDUCATION Constitution Day—September 17—marks the anniversary of its 1787 signing. Students will be taught about it...but not because of its importance. It is now a mandatory topic for every educational institution receiving federal aid. However, what won’t be taught is the irony of that...
Market competition expands cooperative arrangements among people GARRY M. GALLES, THE FREEMAN If you ask people whether competition or cooperation is better, almost everybody picks cooperation. It just “feels” better. However, when it comes to economic relationships, the question is not “either/or,” despite long-standing confusion. FDR’s often-echoed statement was that “cooperation, which...