Edward Harrison Crane, a towering figure in the American libertarian movement and co-founder of the influential Cato Institute, passed away on February 10, 2026, at the age of 81. Crane dedicated his life to advocating for individual liberty, free markets, and limited government, leaving an indelible mark on public policy discourse in the United States. His vision helped shape a prominent voice for libertarian principles in Washington, D.C..

Born in Los Angeles, California, on August 15, 1944, Crane's early career as a chartered financial analyst and vice president at Alliance Capital in California provided a foundation for his later work in economic policy. He became deeply involved in the nascent Libertarian Party in the 1970s, serving as its 2nd Vice Chair from 1972 to 1974 and later as the 3rd Chair of the Libertarian National Committee from 1974 to 1977. His leadership was instrumental in organizing and promoting the party's platform.

In 1977, with the support of Charles Koch, Crane co-founded the Cato Institute in San Francisco. Under his guidance as president and CEO until 2012, Cato grew from a small operation with a modest budget into one of the nation's most respected public policy research organizations. He oversaw its relocation to Washington, D.C., and expanded its reach, influencing debates on critical issues such as taxation, regulation, and foreign policy through rigorous research and advocacy.

Crane's commitment to advancing libertarian ideals extended beyond the Cato Institute. He managed Ed Clark's 1978 campaign for Governor of California and served as communications director for the Libertarian Party's 1980 presidential ticket of Ed Clark and David Koch, which achieved a then-record number of votes for the party. Even after stepping down from Cato, he continued his activism by launching Purple PAC in 2013, further supporting libertarian-aligned candidates and causes.

Known for his unwavering dedication to principle and a keen sense of humor, Crane was often described as a "lion king of button-down libertarianism." His legacy is defined by his tireless efforts to promote a free society, from his student days at Berkeley to his extensive writings, speeches, and fundraising prowess that underpinned the success of the Cato Institute. He leaves behind a profound impact on the intellectual and political landscape of American libertarianism.