May

the Freeman VOL. 25, NO.5. MAY 1975 The Great AnniversaryFestival Ralph Bradford 259 A review of the birth of the United states, the founding principles and subsequent events which are worth celebrating. Macaulay:Defenderof Capitalism Bruce Bartlett 272 An answer, in 1830, to Robert Southey's charges against the factory system. The Reversal:Liberty into Servitude Clarence B. Carson 277 Concerning the erosion of the concept and the practice of liberty since the founding of the United states. Fallingon Deaf Ears John C. Sparks 284 How to become self-reliant and free is the CARE package needed by the poor. Religionand the Free Economy Edmund A. Opitz 289 Freedom needs a world view which makes mind central and gives truth its proper place. Who is Efficient? Brian Summers 301 Competitive market pricing affords a way to measure cost and know what is wasteful. LifelongLearning Royal Bank of Canada 304 "Every person has the right to become all that he is capable of becoming."

He Gains Most Who Serves Best This rule of the market is its defense of private property. Paul L. Poirot 313 Book Reviews: "Sovereignty and Compulsory Public-Sector Bargaining" by Sylvester Petro "Puritan Economic Experiments" by Gary North Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding. 317 the Freeman A MONTHLY JOURNAL OF IDEAS ON LIBERTY IRVINGTONON-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.