March

The Poor Laws of England Henry Hazlitt 137 Four hundred years of welfare-state programs suggest that political cures for poverty may be futile. Radica,1 Economics, Old and New Hans F. Sennholz 147 How the "new economics" is related to pollution as cause and consequence. Subsidizinga Crisis: The Teacher Glut, 1971 Gary North 154 A case history of interfering with the market in education to create a surplus of teachers. Thomas Cooper: Early Libertarian A skilled economic theoretician - often ahead of his time. Oscar W. Cooley 168 AntitrustHistory: The American Tobacco Case of 1911 D. T. Armentano 173 An economic review of one of the historic cases in antitrust law. So Who Are You, Young Man? Julian Chase 187 A poetic appeal for understanding and tolerance of traditional values. Book Review: 189 IlThe Silent Revolution: The Industrial Revolution in England as a Source of Social Change" by John W. Osborne.

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tile Freeman A MONTHLY JOURNAL OF IDEAS ON LIBERTY IRVINGTON·ON·HUDSON, N. Y. 10533 TEL.: (914) 591·7230 LEONARD E. READ PAUL L. POIROT President, Foundation for Economic Education 111anaging Editor THE F R E E MAN 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 government. Any interested person may receive its publications for the asking. The costs of Foundation projects and services, including THE FREEMAN, are met through voluntary donations. Total expenses average $12.00 a year per person on the mailing list. Donations are in vited in any amount-$5.00 to $10,000-as the means of maintaining and extending the Foundation's work. Copyright, 1971, The Foundation for Economic Education, Inc. Printed in U.S.A. Additional copies, postpaid, to one address: Single copy, 50 cents; 3 for $1.00; 10 for $2.50; 25 or more, 20 cents each.

Articles from this journal are abstracted and indexed in Historical Abstracts and/or America: History and Life. THE FREEMAN also Is available on microfilm, Xerox University Microfilms, Ann Arbor, Mich· igan 48106. Permission granted to reprint any article from this Issue, with appropriate credit, except "The Poor Laws of England," and "Anti· trust History: The American Tobacco Case of 1911."