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News Link • Economic Theory

How the Myth of the 'Robber Barons' Began--and Why It Persists

• https://fee.org by Burton W. Folsom

Note from the President: Burton W. Folsom is more than just my favorite historian. He's also one of my very best friends. So I admit to some personal bias when I endorse his classic book, The Myth of the Robber Barons, published by Young America's Foundation, as I've done on dozens of occasions. But even if I didn't know him or didn't like him, I would still say that it's one of the best, most insightful books on American business and political history of the last century. The distinction he draws out between "market entrepreneurs" and "political entrepreneurs" has permanently altered historical interpretations of a crucial era in our past—for the better and with increasing effect as the years have gone by since the book's first edition in 1991.

Note from the President: Burton W. Folsom is more than just my favorite historian. He's also one of my very best friends. So I admit to some personal bias when I endorse his classic book, The Myth of the Robber Barons, published by Young America's Foundation, as I've done on dozens of occasions. But even if I didn't know him or didn't like him, I would still say that it's one of the best, most insightful books on American business and political history of the last century. The distinction he draws out between "market entrepreneurs" and "political entrepreneurs" has permanently altered historical interpretations of a crucial era in our past—for the better and with increasing effect as the years have gone by since the book's first edition in 1991.

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