Freeman

October 2004

Volume 54, 2004

FEATURES

Science versus Science

Is Economics a Science?

OCTOBER 01, 2004 by SHELDON RICHMAN

Has a New Era of Space Venture Arrived?

The Private Sector Has Entered Outer Space

OCTOBER 01, 2004 by RAYMOND J. KEATING

From Wartime Expedient to Permanent Pork Barrel: WFC to RFC to SBA

When World War I Ended, the WFC Refused to Die

OCTOBER 01, 2004 by ROBERT HIGGS

Why Socialism Is Impossible

Without the Price System, Decisions Must Be Made in the Dark

OCTOBER 01, 2004 by RICHARD EBELING

A Tale of Regulation

How Regulation Robs Individuals of Money, Property, and Freedom

OCTOBER 01, 2004 by WILLIAM L. ANDERSON

The Payday-Loan Controversy

Are High-Interest Cash Advances Predatory Lending?

OCTOBER 01, 2004 by MATTHEW HISRICH

The European Constitution: A Requiem?

The Constitution-Makers Are Unlikely to Succeed

OCTOBER 01, 2004 by NORMAN BARRY

No More Czars, Please

Americans Must Stop Putting Faith in Powerful, Centralized Government

OCTOBER 01, 2004 by LAWRENCE W. REED

Psychiatric Services

The Rhetoric of Psychiatry Is Deceptive

OCTOBER 01, 2004 by THOMAS S. SZASZ
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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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