May

Our Heritage Morris Shumiatcher 267 Upon the creative works of individuals depends the enriched inheritance of succeeding generations. World in the Grip of an Idea 29. The Cold War: Coexistence, Detente, and Convergence Clarence B. Carson 271 In the thrust for power, dim are the prospects for coexistence and peace. Efficiency in Government Dennis Bechara 284 The control of bureaucratic waste hinges upon limiting the scope of governmental activity. Thinking About Economics Edmund A. Opitz 288 Concerning the connections between freedom of the marketplace and liberties of the mind. The Effects of Regulation on an Industry Shari Gifford 300 How deregulation might be helpful to customers of the broadcasting industry. On Recapturing Liberty Ridgway K. Foley, Jr. 304 Let man's coercive nature give way to the creativity of individual choice. Book Reviews: 315 "In Defense of the Corporation" by Robert Hessen "The New Protectionism: The Welfare State and International Trade" by Melvyn B. Krauss Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding.

tt1e I A E~~~N~~~N LIBERTY FOUNDATION FOR ECONOMIC EDUCATION Irvington-on-Hudson, N.Y. 10533 Tel: (914) 591-7230 Leonard E. 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 delivery, a donation is required sufficient to cover direct mailing cost of $5.00 a year.

Copyright, 1979. 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" and "Our Heritage."