Freeman

July 1978

Volume 28, 1978

FEATURES

The Specter of "Unused Capacity"

JULY 01, 1978 by HENRY HAZLITT

Industry averages fail to consider why particular companies may desire more or less plant capacity.

We the People

JULY 01, 1978 by RALPH BRADFORD

Concerning each person's responsibility if we are to preserve freedom and prosper.

A Christian View of Labor Unions

JULY 01, 1978 by GARY NORTH

Why a compulsory monopoly has to have victims on the outside.

What Government Officials Cannot Know

JULY 01, 1978 by BRIAN SUMMERS

Changing values and expectations of individuals are reflected in market, not governmental, actions.

The Mystery of Inflation

JULY 01, 1978 by HARRY C. KNICKERBOCKER JR.

The distinction between commodity money and paper substitutes.

Survival of the Species

JULY 01, 1978 by BEN MOREELL

The key to the survival of civilization is human liberty.

World in the Grip of an Idea: 19. The United States: The Concentration of Power

JULY 01, 1978 by CLARENCE B. CARSON

Concerning the centralization of political power and its manipulation at crucial pressure points by intellectuals.

Ideas that Serve

JULY 01, 1978 by WILLIE E. NELMS

How business is built through serving customersand lost when they are no longer satisfied.

The Law Also Is Polluted

JULY 01, 1978 by ROBERT E. HOOD

Respectable law is upheld largely through moral conviction rather than at the point of a gun.

A Reviewer's Notebook - 1978/7

JULY 01, 1978 by JOHN CHAMBERLAIN


"The Totalitarian Temptation" by Jean-Francois Revel

"Two Cheers for Capitalism" by Irving Kristol


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It's been 40 years since F. A. Hayek received his Nobel Prize. His insights, particularly on the distribution of knowledge and the impossibility of economic planning, remain hugely important today. In this issue, we look back on the influence of his work. Max Borders and Craig Biddle debate whether liberty must be defended from one absolute foundation, further reflections on Scottish secession, and how technology is already changing our world for the better--including how robots, despite the unease they cause, will only accelerate this process.
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