elder brother who runs the family business in Wichita, Kansas, quotes the wisdom of proto-libertarian “economist” Ludwig von Mises, but also sees himself as an economist in his own right. In 2007, Charles made his contribution to the body of free-market thought with an economic theory he calls “Market-Based Management” (a term he trademarked).

David Koch is the highbrow brother who lives in New York. He ran as the Libertarian party candidate for president in 1980 and says his dream is to “minimize the role of government, to maximize the role of private economy and to maximize personal freedoms.” Apparently everyone’s a free-market enthusiast at Koch Industries, including its spokeswoman, who recently wrote a letter to the New York Times stating that “it’s a historical fact that economic freedombirth of Fredrick C. Koch. Fred was born in a tiny north Texas town to a Dutch immigrant and newspaper publisher. The historical record is not clear about the family’s wealth, but it appears that great-granddaddy Koch was not hurting for cash, because Fred Koch turned out to be a smart kid and was able to study in MIT and graduate with a degree in chemical engineering. A few years later, in 1925, Fred started up the Winkler-Koch Engineering Company with a former classmate, quickly developing and patenting a novel process to refine gasoline from crude oil that had a higher yield than anything on the market. It was shaping up to be an American success story, where anything was possible with a bit of elbow grease and