July

Slings and Arrows A plea for greater freedom in medicine. Joan Wilke 394 The Impactof Inflationon ManagementDecisions Willia,m H. Peterson 399 How monetary and other government controls disrupt production and trade. Another Layer of Protection? Who is to protect us from our protectors? Earl W. McMunn 412 Equal Opportunityversus IndividualOpportunity Anne Wortham 416 The political duty is to uphold the right of each person to act upon the opportunities he perceives. Profitand Loss Brian Summers 424 Toward an understanding of the formation and function of profits and losses in a free market economy. Why Do UThey" Turn to Socialism? Edmund A. Opitz 429 Some explanations of the current drift to the Left and suggestions for ways to restore freedom. Book Review: 445 "Two Cheers for the Affluent Society" by Wilfred Beckerman Anyqne wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding.

the 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, 1975. 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 "Another Layer of Protection?" and "Equal Opportunity versus Individual Opportunity."