March

Is Red China an Economic Paper Tiger? Eric Brodin 143 Prospects for expanding trade with Red China are slim as long as communistic practices prevail. "I'm for the Achiever!" Let's encourage individual excellence. Miller Upton 147 The Pros and Cons of Socialism Henry Hazlitt 148 The dream of socialism is doomed to fail because it cannot solve the problem of economic calculation. Loving One's Country Haven Bradford Gow 155 Acall for revival of the spirit of religion and the spirit of the gentleman. The NorthwoodIdea V. Orval Watts 157 Concerning the importance of the Judeo-Christian ethic, an emphasis on work and thrift, and an appreciation of the need for business. The Foundingof the America.n Republic: 20. Steeringa Course for the Nation Clarence B. Carson 165 Laying the foundations of financial stability, foreign policy, party checks and balances, and Constitutional supremacy. Book Reviews: 183 liThe DoomsdaySyndrome" by John Maddox "The New Totalitarians" by Roland Huntford "The Political Culture of the United States" by Donald J. Devine "The Bonhoeffers: Portrait of a Family" by Sabine Leibholz-Bonhoeffer Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding.

t t1C' 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 Managing 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, 1973, 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.

THE FREEMAN is available on microfilm from Xerox University Microfilms, Ann Arbor, Michigan 48106. Some articles available as reprints at cost; state quantity desired. Per· mission granted to reprint any article from this issue, with appropriate credit, except "The Founding of the American Republic," "The Natural Controls," and liThe Pros and Cons of Socialism."