George Gerald Reisman, a formidable advocate for capitalism, has significantly influenced modern economic theory. This article explores the life, career, and contributions of George Reisman, offering insights into his financial success and personal philosophy.
Quick Info
- Full Name: George Gerald Reisman
- Known As: George Reisman
- Profession: Economist, Author, Professor Emeritus
- Age (as of 2024): 87
- Date of Birth: January 13, 1937
- Birthplace: New York City, USA
- Nationality: American
- net worth (2025): Estimated $1 million - $5 million
- Spouse: Edith Packer
- Notable Works: The Government Against the Economy, Capitalism: A Treatise on Economics
Early Life
Born in New York City, George Reisman was introduced to the dynamics of a free market economy from a young age.
Education and Early Influences
Reisman graduated from Columbia College in 1957, where he was an active member of Students for America, shaping his capitalist views. He was profoundly influenced by Ludwig von Mises, under whose mentorship he translated some of Mises's key works, deepening his understanding of economic theories.
Career Highlights
Reisman's career is distinguished by his academic roles and his literary contributions that advocate for capitalist economics.
Academic and Literary Contributions
Reisman began his academic career at Pepperdine University, where he became a Professor Emeritus of Economics. His tenure at Pepperdine was marked by his commitment to education and his influential writings.
Key Publications
- The Government Against the Economy (1979): This book, praised by economists like F. A. Hayek and Henry Hazlitt, solidified Reisman's reputation as a staunch defender of free market principles.
- Capitalism: A Treatise on Economics (1996): Reisman's comprehensive work on economic theory remains a fundamental reference for students and scholars.
Founding the Jefferson School
In the 1980s, Reisman and his wife, Edith Packer, founded the Jefferson School of Philosophy, Economics, and Psychology, promoting intellectual discourse and a deeper understanding of economic principles.
Personal Life
Reisman's personal life, particularly his marriage to Edith Packer, has played a significant role in both his life and work, fostering collaboration on various academic projects.
Philosophical Leanings
An Objectivist, Reisman’s philosophy is heavily influenced by Ayn Rand, emphasizing rational self-interest and free market capitalism.
Major Achievements
Reisman’s work has earned acclaim from peers and continues to influence economic thought and policy.
Impact and Recognition
His rigorous defense of capitalism has been recognized by notable economists and his teachings continue to inspire new generations of thinkers.
Financial Insights
Reisman’s net worth, estimated between $1 million and $5 million as of 2024, reflects his successful application of economic principles.
Income Sources
His earnings stem from academic positions, book sales, and speaking engagements, with significant contributions from his major publications.
Financial Philosophy
Reisman's financial management practices mirror his economic theories, emphasizing the importance of free markets and rational self-interest.
Conclusion
George Reisman's enduring commitment to economic theory and his advocacy for capitalism have marked him as a key figure in economic discussions. His works and teachings continue to resonate, shaping contemporary and future economic thought.
FAQ Section
Who is George Reisman?
An American economist, author, and Professor Emeritus at Pepperdine University, known for his advocacy of free market capitalism.
What are George Reisman's notable works?
The Government Against the Economy (1979) and Capitalism: A Treatise on Economics (1996).
What is George Reisman's net worth?
As of 2024, his net worth is estimated between $1 million and $5 million.
What is George Reisman's connection to Ludwig von Mises?
Reisman was a student of Mises and translated some of his works, which greatly influenced his economic theories.
What philosophical school does George Reisman identify with?
Reisman is an Objectivist, following a philosophy that underscores rational self-interest and capitalism.
George Reisman remains a seminal figure in economics, his life and work exemplifying the principles he espouses. His legacy continues to influence the discourse around free market economics and capitalism.
