Concept

Foundation for Economic Education

Résumé
The Foundation for Economic Education (FEE) is an American conservative, libertarian economic think tank. Founded in 1946 in New York City, FEE is now headquartered in Atlanta, Georgia. It is a member of the State Policy Network. FEE offers publications, lectures, and student workshops promoting free market principles. FEE states that its mission is to promote principles of "individual liberty, free-market economics, entrepreneurship, private property, high moral character, and limited government." Friedrich Hayek described FEE's goal as "nothing more nor less than the defense of our civilization against intellectual error." FEE, founded in 1946, is considered the oldest free-market think tank in the United States. An early aim was to roll back policies of the New Deal. FEE opposed the Marshall Plan, Social Security, and minimum wages, among other American social and economic policies. Its founding by Leonard E. Read, Henry Hazlitt, David Goodrich, Donaldson Brown, Leo Wolman, Fred Rogers Fairchild, Claude E. Robinson, and Jasper Crane followed a capital campaign started in 1945 by Crane, who was a DuPont executive, and Alfred Kohlberg. Early contributors included J. Howard Pew, Inland Steel, Quaker Oats, and Sears. As an "intellectual lighthouse", in Read's words, FEE distinguished itself from other business-supported groups by building up the intellectual framework for laissez-faire capitalism as an ideology. Read served as president from 1946 until his death in 1983. Perry E. Gresham was an interim president in 1983. The presidency of FEE from 1983 to 1984 was held by John Sparks Sr., from 1984 to 1985 by Bob Love, from 1985 to 1988 by a series of acting presidents, then from 1988 to 1992 by Bruce Evans. After retiring from Grove City College where he taught economics, Hans Sennholz served as president from 1992 to 1997. Donald J. Boudreaux served as president from 1997 to 2001, before moving on to chair the Department of Economics at George Mason University. Economist Mark Skousen served as president from 2001 to 2002.
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