David Glasner is an economist at the Federal Trade Commission. He received his Ph.D. in economics from UCLA. He is the author of two books, Politics, Prices, and Petroleum, a study of how price controls caused the energy crisis of the 1970s (Ballinger/Pacific Institute, 1985) and Free Banking and Monetary Reform, a study of the role of competition in the supply of money in theory and practice (Cambridge University Press, 1988). He is now editing Business Cycles and Depressions: An Encyclopedia (Garland Publishing, forthcoming 1996). His research interests in economics are monetary theory and policy, law and economics, the history of economic theory, and the application of Popperian methodology to economics. More generally, he is interested in defending an undogmatic version of liberalism against the more extreme versions of libertarianism on the one hand and socialism and nationalistic or statist forms of conservatism on the other. He has published articles on Hayek in the Michigan Quarterly Review (Summer Fall 1985) and Commentary (October 1992) and on Popper in the National Review (December 25, 1995). His review of John Gray's study of Isaiah Berlin is forthcoming in the National Review and his essay The End of Communism appeared in the Freeman (March 1991).