April

Clarence 8. Carson 3 Sudha R. Shenoy 18 Timothy J. Wheeler 23 Hans F. Sennholz 33 Elizabeth Gillett 38 AI8ellerue 44 Irving E. Howard 46 Der Spiegel 51 APRIL 1966 The Flight from Reality 19. The Flight from Economics. On the Redistribution of Incomes. The Armchair Skirmish Against Poverty. Progress or Regress? Pay Television: The Right to Compete and to Speak . Market Price of Burros . Will the Real Price Administrator Please Stand Up! . Of Birds and Men Books: King of the Road . Other Books . John Chamberlain 54 57 COMPOUNDED DAILY, your savings earn 4.970/0 when held one year at cur rent rate of 4.85 0/0, paid semi-annually. To: George Ross, Department FM, Coast Federal Savings and Loan Association 9th & Hill Streets, Los Angeles, California 90014 o Please send me the free brochures Name(s) _ on "Law and Order." (Please Print) o Yes, I'd like to open a savings ac count. Enclosed is my check (or money order) for $. _ o Individual Account Street o Joint Account o Please transfer my account. City State Zip _ .J;I' There'll doubtless be protest among proponents of the "new economics"

when a historian traces their flight from reality - so, On Guard! p. 3 J;I' Miss Shenoy, of India, offers some provocative views of the harmful con sequences of the compulsory redistribution of incomes. '" p. 18 J;I' The co-editor and publisher of a new journal for young conservatives carefully examines the war on poverty, and finds it wanting p. 23 yI In ancient history, Professor Senn holz finds the familiar pattern of most of the interventions proclaimed as to day's new keys to progress ...... p. 33 III'" Some vital aspects of the problem of freedom in general are involved in the verbal, economic, and political developments surrounding pay-television. .. .p. 38 yI The purchase and subsequent sale of a pair of "ornery critters" illustrate how everyone gains from any volun tary exchange. . .. ...p. 44 J;I' Those who fear the consequences of "administered pricing" should know that the only force powerful enough to enforce its monopoly is the government. . p. 46 " Our feathered friends should take exception to the notion that the wel fare state is "for the birds." ...... p. 51 ~ John Chamberlain congratulates Ralph and Estelle James for their Hoffa and the Teamsters: A Study of Union Power. . p. 54 yI Reviewer Opitz finds cause for con cern in a pair of volumes dealing with the uses of Church land and Church wealth p. 57 ~ And Robert Thornton draws some lessons on liberty from Hans Morgen thau's Scientific Man versus Power Politics. ......... . ........ p. 61 ~ Finally, there's a wealth of political wisdom in Carl B. Cone's analysis of Burke and the Nature of Politics.

...p.62 Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding.

APRIL 1966 LEONARD E. READ PAUL L. POIROT Vol. 16, No.4 President, Foundation for Economic Education Managing Edito1' THE FREEMAN is published monthly by the Foundation for Economic Education, Inc" a non political, nonprofit educational champion of private property, the free market, the profit and loss system, and limited goYernment, founded in 1946, with offices at Irvington-on-Hudson, New York. Any interested person may receive its publications for the asking. The costs of Foundation projects and services, in cluding THE FREEMAN, are met through volun tary donations. Total expenses average $12.00 a year per person on the mailing list. Donations are invited in any amount - $5.00 to $10,000 - as the means of maintaining and extending the Foundation's work. Copyright, 1966, The Foundation for Economic Education, Inc. Printed in in U.S.A. Additional copies, postpaid, to one address: Single copy, 50 cents; 3 for $1.00; 25 or more, 20 cents each.

Permission is hereby granted to anyone to reprint any article in whole or in part, providing customary credit is given, except "The Flight from Reality," "The Armchair Skirmish Against Poverty," "Pay Television: The Right to Compete and to Speak," and "Of Birds and Men." Any current article will be supplied in reprint form if there are enough inquiries to justify the cost of the printing.