Phillip W. Magness

Phillip W. Magness works at the Independent Institute. He was formerly the Senior Research Faculty and F.A. Hayek Chair in Economics and Economic History at the American Institute for Economic Research. He holds a PhD and MPP from George Mason University’s School of Public Policy, and a BA from the University of St. Thomas (Houston). Prior to joining AIER, Dr. Magness spent over a decade teaching public policy, economics, and international trade at institutions including American University, George Mason University, and Berry College. Magness’s work encompasses the economic history of the United States and Atlantic world, with specializations in the economic dimensions of slavery and racial discrimination, the history of taxation, and measurements of economic inequality over time. He also maintains an active research interest in higher education policy and the history of economic thought. His work has appeared in scholarly outlets including the Journal of Political Economy, the Economic Journal, Economic Inquiry, and the Journal of Business Ethics. In addition to his scholarship, Magness’s popular writings have appeared in numerous venues including the Wall Street Journal, the New York Times, Newsweek, Politico, Reason, National Review, and the Chronicle of Higher Education.

Fake Meat: More Entrée or Agenda?  

"The plant-based alternatives industry appears to be facing its first true market test and doing poorly. It is a much smaller market than producers perceived, due to the noisy signals…

Fake Meat: More Entrée or Agenda?  

The Tooth-Fairy Economics of Slavery Reparations

"If the US government tried to implement the reparations program that the 1619 Project espouses, we would get huge increases in both taxes and inflation. Yet the key economist advising…

The Tooth-Fairy Economics of Slavery Reparations

Twitter Files Confirm Censorship of the Great Barrington Declaration

"Thanks to Musk releasing the Twitter files to Weiss and Taibbi, we have more insight into Twitter's internal censorship policies. Unfortunately, until the NIH releases more information, the Twitter Files raise…

Twitter Files Confirm Censorship of the Great Barrington Declaration

Henry Clay’s “American System” Is Bad News for the American Economy

"The American System's modern rehabilitators conveniently leave out the fact that every time it was tried in the 19th and early 20th centuries, Clay's program unleashed a torrent of preventable…

Henry Clay’s “American System” Is Bad News for the American Economy

Forgetful Fauci’s Deposition: All Those Lies Are Hard to Keep Straight

"Fauci’s evasions leave us with more questions than answers – and more clues that he used his position as a top official at a powerful government agency to persecute and…

Forgetful Fauci’s Deposition: All Those Lies Are Hard to Keep Straight

Das Karl Marx Problem

"How do we reconcile the decisive and early rejection of Marx’s economic theories after the Marginal Revolution with the high acclaim that those same theories enjoy among intellectuals today, albeit…

Das Karl Marx Problem

U.S. Economic Freedom Index Collapses to Carter Administration Levels

"These new data provide us an unwelcome warning of what happens when the power of government becomes unmoored from any restraint, but the trend may yet be reversible." ~ James…

U.S. Economic Freedom Index Collapses to Carter Administration Levels

No, There Is Not a “Neoliberal” Poltergeist in Higher Ed

"Without meaningful mechanisms to check for wastefulness and accountability, the competition for scarce university budget resources leads to sacrificing educational quality in favor of expanding enrollment." ~ Phillip W. Magness…

No, There Is Not a “Neoliberal” Poltergeist in Higher Ed

Fit to Print? UNC’s Settlement with Nikole Hannah-Jones is Bad News

"It turns out the $75,000 wasn’t quite enough. As part of her settlement, she somehow managed to secure a bunch of Diversity, Equity, and Inclusion (DEI) sinecures for 20 university…

Fit to Print? UNC’s Settlement with Nikole Hannah-Jones is Bad News

Setting the Record Straight on “Setting the Record Straight on the Libertarian South African Economist W.H. Hutt and James M. Buchanan”

"MacLean et al. have in fact set nothing straight, and their argument, far from being 'irrefutable,' wrecks itself upon the rocks of at least one major citation error, selective use…

Setting the Record Straight on “Setting the Record Straight on the Libertarian South African Economist W.H. Hutt and James M. Buchanan”