The Ludwig von Mises Memorial Lecture, sponsored by Dr. John Brätland. Glenn Fox is an agricultural and natural resource economist. He has been a member of the Department of Food, Agricultural and Resource Economics at the University of Guelph since 1985. Presented at the Austrian Economics Research Conference at the Mises Institute in Auburn, Alabama, on 10 March 2017. Includes introductory remarks by Joseph T. Salerno.