Following his heightened prominence in the geolibertarian movement, Foldvary ran for Congress as a Libertarian within California’s 9th District. After having received 3.3% of the total vote, he finished in third place out of the four candidates on the ballot. Still, it is Foldvary’s writing on economics that have gained him notoriety. His focus on ethics, governance, land economics and public finance are all clearly exemplified in his work. Within his PhD dissertation Public Goods and Private Communities, Foldvary denied the concept of market failure by applying the theory of public goods and industrial organisation. In 1998, he made the prediction that there would be a real-estate-related recession taking place just ten years later.
Sadly, Fred Emanuel Foldvary died on the 5th June 2021. The words of this brilliant economic mind can be read on in books like Beyond Neoclassical Economics, Dictionary of Free Market Economics, The Depression of 2008, The Half-Life of Policy Rationales: How Technology Affects Old Policy Issues, Land and Taxation, Land and Taxation (2nd Edition), Public Goods and Private Communities and The Soul of Liberty.