Chapter 39 of 41 · The Freeman 1954, Vol. II by Foundation for Economic Education
About the Authors
RUSSELL J. CLINCHY, minister in the Congregational Church and former Foundation staff member, is assist ant to the chairman of the League to Uphold Congre gational Principles. "Two Paths to Collectivism" was published in 1949; "Human Rights and the United Na tions" was published in 1952. STARR DAll..Y was an inmate of a prison. While there, he attempted for a year to apply and interpret the Twenty third Psalm in his everyday life. He recorded his [421 ] thoughts in his private journal, Through Valleys to Victories (New York: Doubleday & Company, Inc., 1952). "Freedom from Want" is from his entry for February 6, 1928, under the text: "I shall not want." It was published by the Foundation in 1953. HERRELLDE GRAFFis professor of economics in the School of Nutrition, Cornell University. "The Fallacy of Con trolled Prices" is taken from a broadcast over Liberty Radio Network at Cornell on April 9, 1952, and was published by the Foundation in 1952.
E. WILLIAM DYKES is a partner in the architectural firm of Lawrence & Dykes, Canton, Ohio. "Gun Play in the Market Place" is from his March 30, 1952, letter to the Foundation and was published later that year. RICHARD L. EVANS is editor, lecturer, author of several books and articles as well as the producer, writer, and "voice" on the "Spoken Word" portion of the Sunday radio program of the Salt Lake City Tabernacle Choir and Organ. "Equality" is taken from The Spoken Word, pages 94-96 (New York: Harper & Brothers, 1945) and was published by the Foundation in 1952. FLOYD A. HARPER, former professor of marketing at Cor nell University, has been on the Foundation staff since it began operations in 1946. "Discrimination" was pub lished by the Foundation in 1951. "Gaining the Free Market" was published in 1952. "A Just Price" and "Gaining Recruits for an Idea" were published in 1953. I 422] HENRY HAZLITTis director of the Freeman Magazine, Inc.
and contributing editor to Newsweek. "Why Prices Are High" fIrst appeared as a column in Newsweek, Septem ber 3, 1951, and was republished by the Foundation the same year. JAMES C. INGEBRETSENis executive vice-president of Spirit ual Mobilization. He wrote "A Libertarian's Platform" as a contribution to a column in The Daily Oklahoman, May 10, 1952. It was republished by the Foundation later that year. BASIL HENRY LIDDELL HART, a distinguished British mili tary authority, is the military historian and critic for Encyclopaedia Britannica. "Conscription" (Part II) is extracted from the book, Why Don't You Learn from History (London: George Allen & Unwin, Ltd., 1944) and was republished by the Foundation in 1953. En LIPSCOMBis director of public relations of the National Cotton Council of America, Memphis, Tennessee. "The Personal Practice of Freedom" was published in 1952. CLARENCE MANION, dean emeritus of the College of Law, Notre Dame University, is a partner in the Doran & Manion law firm, South Bend, Indiana. "Cause of Cor rupt Government" is extracted from an address before the National Small Business Men's Association, Wash ington, D. C., April 1, 1952. It was published by the Foundation in 1952.
[423 ] BEN MOREELLis chairman of the Board of Jones & Laugh lin Steel Corporation. "Patrick Henry's Choice" is ex tracted from an address before the Illinois Manufac turers' Association, Chicago, December 11, 1951, and was published by the Foundation in 1952. "To Com munism ... Via Majority Vote" was an address delivered before The Marketing Division of the American Petro leum Institute at Chicago, Illinois, November 10, 1952, and was published by Jones & Laughlin in 1953 and promoted by the Foundation the same year. WILLIAM C. MULLENDORE is president of Southern Cali fornia Edison Company, Los Angeles. "How Govern ment Grows" was published by the Foundation in 1952. ALBERT JAY NoCK (deceased), editor of The Freeman (1920-1924), wrote Jefferson, Our Enemy the State, and many other books and articles on the philosophy of government and human freedom. "Isaiah's Job" is ex tracted from chapter thirteen of his book, Free Speech and Plain Language, 1937. This book, now out of print, was published by William Morrow & Company, New York; and the extract was reprinted by the Foundation in 1952.
IRVING S. OLDS is retired chairman of the United States Steel Board. "The Price of Price Controls" is extracted from an address given for the Salt Lake City Chamber of Commerce, February 21, 1952, and was published the same year by the Foundation. [424 ] MARIO A. PEl came to this country from Italy in 1908 and is an associate professor of Romance Philology at Colum bia University. "The America We Lost" appeared in the SaturdflYEvening Post of May 31, 1952,and was repub lished by the Foundation in 1952. SAMUEL B. PETTENGILLis a former member of Congress from Indiana (1931-1939). "Where Karl Marx Went Wrong" was first delivered as a radio address (ABC network, April 6, 1947) and was revised for the 1953 publication by the Foundation. PAUL L. PomoT is a former economist with the Office of Price Administration and with the Cooperative Grange League Federation, Inc. "Property Rights and Human Rights," published by the Foundation in 1952, is based on articles on the same subject in the July, 1952,Monthly Letter of the National City Bank and the October, 1952, Guaranty Survey of the Guaranty Trust Company.
"Bargaining" was published by the Foundation in 1953. LEONARD E. READ, former manager of the Los Angeles Chamber of Commerce and vice-president of National Industrial Conference Board, organized the Foundation for Economic Education in 1946 and has been its presi dent since that time. "Combating Statism" is a con densed version of an address delivered before the Pacific Coast Gas Association at San Francisco, Sep tember 10,1953, and was published by the Foundation later that year. "Two Ways to Stop Strikes," "Two Kinds of Exchange," and "Victims of Social Leveling" were also published by the Foundation in 1953. [425] ROUSAS JOHN RUSHDOONY, formerly with the Western Shoshone Mission, Owykee, Nevada, is now pastor of Santa Cruz Trinity Church in San JOSie. cCLife On the Reservation" is from his letter to the Foundation, pub lished in 1950. DEAN RUSSELL, a veteran of World War II, had just fin ished his graduate work in economics and journalism when he joined the Foundation staff in 1947. He is trans lator of Bastiat's The Law. "My Freedom Depends on Yours" is the text of an address delivered before the Public Utilities Association of the Virginias, Septem ber 18, 1953, and was published later that year by the Foundation. "Equality and Security" was published in 1952; "When We Socialize Kilowatt-Hours," in 1953.
FRANCIS ADAMS TRUSLOW (deceased) served as president of the New York Curb Exchange. ,cThe Vital Margin" is from an address before the Texas Group, Investment Bankers Association of America, San Antonio, Texas, May 4, 1950. It was also published in 1950 by the Foun dation. DANIEL WEBSTER was the famous American statesman, orator, lawyer. ,cConscription" (Part I) is extracted from his speech in the House of Representatives on Decem ber 9, 1814, in which he voiced a warning and prophecy to his fellow countrymen regarding the draft. It was published by the Foundation in 1953. [426 ] INDEX A Ability, 282 Absolution denied, 354 social, 286 state, 197 Acton, John (Lord), 289 Adoption, child, 349 Aggression, resistance to, 415 Agriculture American program, 175 communism and, 221, 229 crop control and, 178 distribution of food, 238 government planning in, 232 potato prices and, 118 propertied class in, 84 Russian, 178 subsidy and, 118, 175, 232 supply of food and, 118, 199, 238 Alger, Horatio, 338 Aluminum, 72 America, see, United States Analysis, 259 Anti-Corn Law League, 216 Antwerp, price controls and, 172 Archetypes, 281, 292 Army drafted, 265 standing, 262 Athens, price controls and, 170 Atomic energy, 15, 18 Australian Corps, 274 Authority belief in, 376 compulsion and, 85, 279, 282, 287 governmental, 208, 410 Hooker, Richard and, 179 importance of, 189, 195, 197, 395 limited, 333 production and, 205, 399 responsibility and, 285 see also, Coercion; Force; Govern ment; Power B Babylonia, 169, 196 Baker, John, 15 Banks, national, 226 Bargaining ability, 146 competitive, 124, 126, 135, 138, 147, 163 freedom and, 123, 162 individual capacity for, 122, 123 industry-wide, 153, 156, 164 nature of, 124, 161 power, 127, 211 representatives of, 161 requirement for, 129 right to, 122 wheat, 166 Bell Telephone System, 84 Benefits guaranteed, 49, 64, 179, 341, 345 qualifying for, 295 taxation and, 296 unearned, 178 unemployment, 156 view of, 378 Bestor, Arthur E., Jr., 380 Bill of Rights, 11, 82 Boulton, Matthew, 68 Bourgeoisie, 220 Brannan plan, 232 Bright, John, 216 Brookings Institution, 84 Browder, Earl, 200, 234 Buddha, Guatama, 366 Budgets, 113, 176 Buell, Raymond Leslie, 214 Bulgaria, 179 Bureaucracy American, 32, 272 education and, 390, 392 Italian, 23 Burke, Edmund, 44 Business control of, 242 large and small, 83, 84 ownership, 72, 237 risks in, 68, 133, 137 see also, Control; Interventionism; Production c Capital control of, 132, 236 investments, 73, 134, 144,203,282 [427 ] Capital (Contd.) labor and, 133, 236 ownership of, 72, 237 process of, 283 stockholders and, 74, 133, 134, 137, 144 see also, Money; Production Capitalism basis of, 128 communism and, 73 destruction of, 227 ownership under, 72, 237 standard of living and, 71, 76 state, 235 unions and, 165 see also, Market economy Cartel system, 147 Catalogues, mail order and govern ment, 113 Centralization communication and transportation, 70, 220, 227 communism and, 220, 226, 227 credit and, 220, 226 industrial, 155 production and, 220 Chamber of Commerce, U. S., 194 Charity, 282, 344, 361 Chartists, 215 Children adoption of, 349 aid to, 347, 349, 352 care of, 338, 351 guardians of, 348 welfare of, 347 Chodorov, Frank, 259 Choice coercion and, 122, 135 exercise of, 366 freedom of, 206, 283, 375 Henry, Patrick and, 277 power of, 375 responsibility for, 122 right of, 368, 370 Christianity American, 27, 41 Hitler and, 27 Judean, 375 U. N. Covenant and, 300, 303, 306 see also, Morality Citizenship, government and, 336 Civilian Conservation Corps, 229 Civilization, 52, 397 Class movements, 82, 216 Classroom teachers, 399 Clinchy, Russell J., 175, 298 Closed shop, 151, 165, 229 Cobden, Richard, 216 Code of ethics, 324 Coercion freedom and, 122, 135,206,211 function of, 11 growth of, 16 instrument of government, 296 methods of, 160, 165 power of, 157 trade and, 189, 191 weapons of, 162 Collectivism American, 175, 177, 178 British, 176 compulsion and, 205 concept of, 56, 129, 161, 217
The Freeman 1954, Vol. II
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