The Foundation for Economic Education

FEE was founded in 1946 by Leonard Read, general manager of the Los Angeles Chamber of Commerce, for whom "the free-enterprise philosophy had already become almost a religion".

The William Volker Fund was instrumental in subsidizing FEE's establishment. FEE's initial officers included Read as president, Henry Hazlitt as vice-president, and B. F. Goodrich chairman David Goodrich as chairman.

Many libertarians have credited Read's effort as one of the bases for the international post-War libertarian movement. For instance, Friedrich Hayek was apparently inspired partly by FEE when he formed the Mont Pelerin Society in 1947.


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