Lawrence "Larry" W. Reed (born September 29, 1953), also known as Larry Reed, is president emeritus of the
Foundation for Economic Education
The Foundation for Economic Education (FEE) is an American conservative, libertarian economic think tank. Founded in 1948 in New York City, FEE is now headquartered in Atlanta, Georgia. It is a member of the State Policy Network.
FEE offers pub ...
(FEE), where he has served as the Humphreys Family Senior Fellow since May 2019. Before joining FEE, Reed served as president of the
Mackinac Center for Public Policy
The Mackinac Center for Public Policy () in Midland, Michigan, is the largest U.S. state-based free market think tank in the United States. The Mackinac Center conducts policy research and educational programs. The Center sponsors MichiganVotes. ...
, a Midland,
Michigan
Michigan () is a state in the Great Lakes region of the upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the 10th-largest state by population, the 11th-largest by area, and the ...
-based free-market
think tank
A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governmenta ...
. To date, he remains Mackinac's president emeritus.
Personal life
Reed was born and raised in
Pennsylvania
Pennsylvania (; ( Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, ...
, United States.
He has cited the 1968 event between the Czechs and the Soviets known as the "
Prague Spring
The Prague Spring ( cs, Pražské jaro, sk, Pražská jar) was a period of political liberalization and mass protest in
the Czechoslovak Socialist Republic. It began on 5 January 1968, when reformist Alexander Dubček was elected First Sec ...
", as the genesis for his interest in liberty, and has referred to the Czech cause as a "flowering of liberty". As a result of interactions with FEE in his teen years, Reed became exposed to the ideas of
Friedrich Hayek
Friedrich August von Hayek ( , ; 8 May 189923 March 1992), often referred to by his initials F. A. Hayek, was an Austrian–British economist, legal theorist and philosopher who is best known for his defense of classical liberalism. Haye ...
,
Ludwig von Mises
Ludwig Heinrich Edler von Mises (; 29 September 1881 – 10 October 1973) was an Austrian School economist, historian, logician, and Sociology, sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberali ...
, and others from the
Austrian school of economics
The Austrian School is a Heterodox economics, heterodox Schools of economic thought, school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result exclusively from the motiva ...
.
In 1982, he was the
Republican
Republican can refer to:
Political ideology
* An advocate of a republic, a type of government that is not a monarchy or dictatorship, and is usually associated with the rule of law.
** Republicanism, the ideology in support of republics or agains ...
candidate for
U. S. Congress
The United States Congress is the legislature of the federal government of the United States. It is bicameral, composed of a lower body, the House of Representatives, and an upper body, the Senate. It meets in the U.S. Capitol in Washingt ...
in
Michigan's 10th district.
Education and appointments
Reed holds a Bachelor of Arts degree in
economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services.
Economics focuses on the behaviour and intera ...
from
Grove City College
Grove City College (GCC) is a private, conservative Christian liberal arts college in Grove City, Pennsylvania. Founded in 1876 as a normal school, the college emphasizes a humanities core curriculum and offers 60 majors and 6 pre-professional ...
(1975) and a Master of Arts degree in history from
Slippery Rock University of Pennsylvania
Slippery Rock University, formally Slippery Rock University of Pennsylvania (The Rock or SRU), is a public university in Slippery Rock, Pennsylvania. SRU is a member of the Pennsylvania State System of Higher Education (PASSHE). The university ...
(1978).
From 1977 to 1984 he taught economics at
Midland, Michigan
Midland is a city in and the county seat of Midland County, Michigan. The city's population was 42,547 as of the 2020 census. It is the principal city of the Midland Micropolitan Statistical Area, part of the larger Saginaw-Midland-Bay City Comb ...
's
Northwood University
Northwood University (NU) is a private university focused on business education with its main campus in Midland, Michigan. Opened in 1959, more than 33,000 people have graduated from the institution.
History
Northwood University opened as North ...
, serving as chairman of the Department of Economics from 1982 to 1984. While at Northwood, Reed designed the university's dual major in economics and business management and founded its annual "Freedom Seminar".
In addition to his undergraduate and graduate education, Reed was awarded an honorary Doctorate of Public Administration from
Central Michigan University
Central Michigan University (CMU) is a public research university in Mount Pleasant, Michigan. Established in 1892 as the Central Michigan Normal School and Business Institute, the private normal school became a state institution and renamed Cen ...
in 1994 and an honorary Doctorate of Laws from Northwood University in 2008. Reed is also the recipient of the Grove City College Distinguished Alumni Award.
Long active in Michigan policy, Reed was appointed in 1993 by the state's then-Governor
John Engler
John Mathias Engler (born October 12, 1948) is an American businessman and politician who served as the 46th Governor of Michigan from 1991 to 2003. A member of the Republican Party, he later worked for Business Roundtable, where '' The Hill'' ...
(
R) to the Headlee Amendment Blue Ribbon Commission. The commission had been established as part of the state's 1978 "
Headlee Headlee is a surname. Notable people with the name include:
*Celeste Headlee (born 1969), journalist
*Richard Headlee (1930–2004)
*Russell Headlee (1908–1987), member of the Pennsylvania House of Representatives (1951–1968)
See also
*Headlee, ...
amendment" for the purpose of limiting local and state government spending. It was officially abolished in 2004 by former Michigan Governor
Jennifer Granholm
Jennifer Mulhern Granholm (born February 5, 1959) is a Canadian-American lawyer, educator, author, political commentator, and politician serving as the 16th United States secretary of energy since 2021. A member of the Democratic Party, she pre ...
.
In 1994, Reed was named to the Secchia Commission on Total Quality Government, a task force charged by Governor Engler to streamline Michigan state government. Engler and many of his administration's officials frequently cited the work of the Mackinac Center as influential in shaping administration policies.
In December 2007, the Washington, D.C., based
Heritage Foundation
The Heritage Foundation (abbreviated to Heritage) is an American conservative think tank based in Washington, D.C. that is primarily geared toward public policy. The foundation took a leading role in the conservative movement during the presiden ...
named Reed as a Visiting Senior Fellow.
Career
Reed's interests in political and economic affairs have taken him as a freelance journalist to 78 countries on six continents since 1985.
Over the past twenty-five years, he has reported on
hyperinflation
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as t ...
in South America,
black market
A black market, underground economy, or shadow economy is a clandestine market or series of transactions that has some aspect of illegality or is characterized by noncompliance with an institutional set of rules. If the rule defines the se ...
s from behind the
Iron Curtain
The Iron Curtain was the political boundary dividing Europe into two separate areas from the end of World War II in 1945 until the end of the Cold War in 1991. The term symbolizes the efforts by the Soviet Union (USSR) to block itself and its s ...
, reforms and repression in China and Cambodia, and civil war inside Nicaragua and Mozambique. Additionally, he spent time with the
Contra
Contra may refer to:
Places
* Contra, Virginia
* Contra Costa Canal, an aqueduct in the U.S. state of California
* Contra Costa County, California
* Tenero-Contra, a municipality in the district of Locarno in the canton of Ticino in Switzerland ...
rebels during the Nicaraguan civil war; and lived for two weeks with Mozambique rebel forces at their bush headquarters in 1991, while the country was engaged at the height of their
guerrilla conflict. Among many foreign experiences, Reed visited Cambodia in 1989 with his late friend,
Academy Award
The Academy Awards, better known as the Oscars, are awards for artistic and technical merit for the American and international film industry. The awards are regarded by many as the most prestigious, significant awards in the entertainment ind ...
winner
Haing S. Ngor
Haing Somnang Ngor ( Khmer: ហាំង សំណាង ង៉ោ; ; March 22, 1940 – February 25, 1996) was a Cambodian American gynecologist, obstetrician, actor and author. He is best remembered for winning the Academy Award for Best Suppor ...
.
In 1986, while traveling with the Polish
anti-communist
Anti-communism is Political movement, political and Ideology, ideological opposition to communism. Organized anti-communism developed after the 1917 October Revolution in the Russian Empire, and it reached global dimensions during the Cold War, w ...
underground, Reed was arrested and detained by border police.
[Mackinac Center for Public Policy](_blank)
Profile, Larry Reed
Reed's articles have appeared in ''
The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'', ''
Christian Science Monitor
Christians () are people who follow or adhere to Christianity, a monotheistic Abrahamic religion based on the life and teachings of Jesus Christ. The words ''Christ'' and ''Christian'' derive from the Koine Greek title ''Christós'' (Χρι ...
'', ''
Baltimore Sun
''The Baltimore Sun'' is the largest general-circulation daily newspaper based in the U.S. state of Maryland and provides coverage of local and regional news, events, issues, people, and industries.
Founded in 1837, it is currently owned by Tr ...
'', ''
Detroit News
''The Detroit News'' is one of the two major newspapers in the U.S. city of Detroit, Michigan. The paper began in 1873, when it rented space in the rival ''Detroit Free Press'' building. ''The News'' absorbed the ''Detroit Tribune'' on Februar ...
'', ''
Detroit Free Press
The ''Detroit Free Press'' is the largest daily newspaper in Detroit, Michigan, US. The Sunday edition is titled the ''Sunday Free Press''. It is sometimes referred to as the Freep (reflected in the paper's web address, www.freep.com). It primari ...
'' and ''
USA Today
''USA Today'' (stylized in all uppercase) is an American daily middle-market newspaper and news broadcasting company. Founded by Al Neuharth on September 15, 1982, the newspaper operates from Gannett's corporate headquarters in Tysons, Virgini ...
'', and others.
During a 2003 address on the floor of the
House of Representatives
House of Representatives is the name of legislative bodies in many countries and sub-national entitles. In many countries, the House of Representatives is the lower house of a bicameral legislature, with the corresponding upper house often c ...
,
Congressman
A Member of Congress (MOC) is a person who has been appointed or elected and inducted into an official body called a congress, typically to represent a particular constituency in a legislature. The term member of parliament (MP) is an equivalen ...
Ron Paul
Ronald Ernest Paul (born August 20, 1935) is an American author, activist, physician and retired politician who served as the U.S. representative for Texas's 22nd congressional district from 1976 to 1977 and again from 1979 to 1985, as well ...
paid tribute to Reed, acknowledging him as "one of America's leading advocates for liberty", and remarked that Reed's writings "reflect his unswerving commitment to limited government and the free market as the best way to promote human happiness."
Foundation for Economic Education
On September 1, 2008, Reed became president of the
Foundation for Economic Education
The Foundation for Economic Education (FEE) is an American conservative, libertarian economic think tank. Founded in 1948 in New York City, FEE is now headquartered in Atlanta, Georgia. It is a member of the State Policy Network.
FEE offers pub ...
(FEE). FEE, founded in 1946 by
Leonard Read
Leonard Edward Read (September 26, 1898 – May 14, 1983) was the founder of the Foundation for Economic Education (FEE), one of the first free market think tanks in the United States. He wrote 29 books and numerous essays, including the well-k ...
, has been recognized as the first not-for-profit organization of its kind, familiarizing people with
free-market economics
In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any ot ...
. It is FEE's mission to provide people with the "economic and moral" foundations of a free and civil society. As president, Reed hopes to reassert FEE's position as a "mothership" for the freedom movement at large.
According to Reed, "FEE believes a free society is not only possible, it is imperative because there is no acceptable alternative for a civilized people. Our vision for the future is that through education, men and women will understand the moral, philosophic and economic principles that undergird a free society. They will appreciate the direct connection between those principles and their material and spiritual welfare. They will strive to pass those principles on from one generation to the next."
Economic philosophy
Reed identifies strongly with the
Austrian School
The Austrian School is a heterodox school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result exclusively from the motivations and actions of individuals. Austrian school ...
of economics, and has referred to competition as one of the highest and most beneficial forms of human cooperation.
[Reed, Lawrence (September 24, 200]
Ask The Professor Competition: Encouraging excellence in the marketplace
The Fraser Institute
Writing
Reed's 2012 book is ''A Republic – If We Can Keep It'', is a collection of essays by Reed and historian
Burton W. Folsom, Jr.
Burton W. Folsom Jr. (born 1947, in Nebraska) is an American historian and author who held the Charles F. Kline chair in history and management at Hillsdale College from 2003 until his retirement in December 2016.
Biography
Folsom received his B.A ...
that surveys the economic history of the United States and the modern world.
Another of Reed's books is ''Striking the Root: Essays on Liberty'', a bundling of works on the topic of government use of force, previously published in FEE's magazine, ''
The Freeman
''The Freeman'' (formerly published as ''The Freeman: Ideas on Liberty'' or ''Ideas on Liberty'') was an American libertarian magazine, formerly published by the Foundation for Economic Education (FEE). It was founded in 1950 by John Chamberl ...
''.
Reed's other books include ''Lessons from the Past: The Silver Panic of 1893'', and ''Private Cures for Public Ills: The Promise of Privatization'', both published by the Foundation for Economic Education, and ''When We Are Free'', with
Dale M. Haywood.
Academic books (authored or coauthored)
* ''Republic – If We Can Keep It'' (with
Burton W. Folsom, Jr.
Burton W. Folsom Jr. (born 1947, in Nebraska) is an American historian and author who held the Charles F. Kline chair in history and management at Hillsdale College from 2003 until his retirement in December 2016.
Biography
Folsom received his B.A ...
, CreateSpace, 2012)
* ''Striking the Root: Essays on Liberty''
* ''Lessons from the Past: The Silver Panic of 1893''
* ''Private Cures for Public Ills: The Promise of Privatization''
* ''When We Are Free, with Dale M. Haywood''
*
References
{{DEFAULTSORT:Reed, Lawrence
1953 births
Living people
20th-century American economists
21st-century American economists
American libertarians
Austrian School economists
Economists from Michigan
Foundation for Economic Education
Grove City College alumni
Libertarian economists
Mackinac Center for Public Policy
People from Midland, Michigan
Slippery Rock University of Pennsylvania alumni