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December 1996

Volume 46, 1996


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Consumer Information and the Calculation Debate

Government Cannot Determine the Most Appropriate Amount of Information
December 01 1996 by ,

The Market Didn't Do It

Why Do People Blame Bad News on the Market?
December 01 1996 by ,

Free-Market Economics in a Phone Booth

The Benefits of New Competition to Telephone Users Are Dramatic
December 01 1996 by ,

Frank Chodorov: Champion of Liberty

Chodorov Was a Formidable and Prescient Critic of Statism
December 01 1996 by ,

Global Warming: Not an Immediate Problem

The Science of Climate Change Is Imperfect at Best
December 01 1996 by ,

Arab Terrorism: Causes and Cure

What Grievance Against the United States Makes Arabs Willing to Kill and to Die?
December 01 1996 by ,

Liberty and Privacy: Connections

We Should Fear the Government's Intimate Knowledge of Our Lives
December 01 1996 by ,

The Southern Tradition: Implications for Modern Decentralism

The Central State's Imperial Designs Bode Ill for Civilization
December 01 1996 by ,

A Property Rights Parable for City Dwellers

Endangered Species Laws Have Ruined the Lives and Livelihoods of Property Owners
December 01 1996 by , ,

William Ewart Gladstone's Great Campaigns for Peace and Freedom

Hayek Ranked Gladstone Among the Greatest Classical Liberals
December 01 1996 by ,

William Ewart Gladstone dominated British politics in the heyday of classical liberalism. He entered Parliament at age 23, first held a cabinet post at 34, and delivered his last speech as a Member when he was 84. He served as Prime Minister four times. Nobel Laureate F.A. Hayek ranked Gladstone among the greatest classical liberals. Lord Acton believed Gladstone's supremacy was undisputed. Paul Johnson declared there is no parallel to his record of achievement in English history. One might add there are few parallels anywhere.

Austrians vs. The Chicago School, Part III

A Theory's Unpopularity Does Not Make It Wrong or Useless
December 01 1996 by ,

At every Mont Pelerin Society meeting, a debate develops between the two schools of free-market economics: the Austrians (followers of Ludwig von Mises) and the Chicago school (followers of Milton Friedman). I've discussed their similarities and differences in various columns (see, for example, the February, March, and April 1995 issues of The Freeman).

Two Yardsticks of Morality

Our Political Behavior Conflicts with Our Personal Behavior
December 01 1996 by ,

The Welfare State and the News

News Reporting Has Been Taken Over by Lobbying
December 01 1996 by ,

Perspectives on Capitalism and Freedom

The Proper Role of the State Is Limited
December 01 1996 by ,

The Central Banks

The Money Business Is Not a Place for Government Bureaucrats
December 01 1996 by , , ,

Hands Off: Why Government Is a Menace to Economic Health

Government Should Limit Itself to Creating a Friendly Economic Environment
December 01 1996 by ,

Free Enterprise Moves East: Doing Business from Prague to Vladivostok

The Triumph of Capitalism Is Transforming Lives
December 01 1996 by , ,

Economics of a Pure Gold Standard

A Standout from Mainstream Treatments of Alternative Monetary Systems
December 01 1996 by , ,

The Privatization Process

Privatization Is Key to Economic Development
December 01 1996 by , ,

Emancipating Slaves, Enslaving Free Men: A History of the American Civil War

An Accessible History and Thoughtful Interpretation
December 01 1996 by , ,

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