George Gerald Reisman is an American economist and Professor Emeritus of Economics at Pepperdine University. He is the author of The Government Against the Economy, which was praised by both F. A. Hayek and Henry Hazlitt, and Capitalism: A Treatise on Economics. He is known as an advocate of free market or laissez-faire capitalism.
Reisman was born in New York City and earned his Ph.D. from New York University under the direction of Ludwig von Mises, whose methodological work The Epistemological Problems of Economics Reisman translated from the German original into English. In the 1980s, with his wife, psychologist Edith Packer, J.D., Ph.D., he organized The Thomas Jefferson School of Philosophy, Economics, and Psychology, which held several conferences and seminars. Its lecturers included Leonard Peikoff, Edward Teller, Petr Beckmann, Hans Sennholz, Bernard Siegan, Anne Wortham, Robert Hessen, Allan Gotthelf, David Kelley, John Ridpath, Harry Binswanger, Edwin A. Locke, Walter E. Williams, Mary Ann Sures, Andrew Bernstein and Peter Schwartz. Attendees of these conferences include later Objectivist writers Tara Smith and Lindsay Perigo.
The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a competition in the grabbing off of scarce nature-given supplies, as it is in the animal kingdom. Rather, it is a competition in the positive creation of new and additional wealth.