August

The Day After ToMorrow Robert Louis Stevenson 489 An early and accurate foretelling of the state of society under socialist rule. The Success of Failure Thomas W. Hazlett 498 Differences between governmental and market attitudes toward fai lure and success. Time for Truth-Time to Act William H. Peterson 505 An article review of the new book by William E. Simon. Book Reviews: 509 "Two Philosophies of Money: The Conflict of Trust and Authority" by S. Herbert Frankel "Economics: Principles and Policy from a Christian Perspective" by Tom Rose Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding.

FOUNDATION FOR ECONOMIC EDUCATION Irvington-on-Hudson, N.Y. 10533 Tel: (914) 591-7230 LeonardE. Read, President Managing Editor: Paul L. Poirot Production Editor: Beth A. Hoffman Contributing Editors: Robert G. Anderson Bettina Bien Greaves Edmund A. Opitz (Book Reviews) Brian Summers THE FREEMAN is published monthly· by the Foundation for Economic Education, Inc., a non political, nonprofit, educational champion of pri vate property, the free market,.the profit and loss system, and limited government. The costs of Foundation projects and services are met through donations. Total expenses aver age $18.00 a year per person on the mailing list. Donations are invited in any amount. THE FREEMAN is available to any interested person in the United States for the asking. For foreign deli very, a donation is required sufficient to cover direct mailing cost of $5.00 a year. Copyright, 1978. The Foundation for Economic Education, Inc. Printed in U.S.A.

Additional copies, postpaid: 3 for $1.00; 10 or more, 25 cents each. THE FREEMAN is available on microfilm from University Microfilms International, 300 North Zeeb Road, Ann Arbor, Mich. 48106. Some articles available as reprints at cost; state quantity desired. Permission granted to reprint any article from this issue, with appropriate credit except "World in the Grip of an Idea."