August

the Freeman VOL. 33, NO.8 • AUGUST 1983 The Thatcher Revolution John T. Murray 451 The challenges and achievements of the Thatcher administration in Britain. No Nukes, No Consistency Frederick C. Foote 460 Political and economic principles that make for war or for peace. Privatization: Is It the Answer? E. C. Pasour, Jr. 462 An appeal to turn back to the market for goods and services. Is Forced Sharing a Panacea? Dennis Bechara 470 Income redistribution policies create new victims. Is There a Moral Basis for Capitalism? Charles Dykes 474 Of all forms of economic organization, capitalism alone rests upon a solid moral foundation. Lasers, Harobeds, and World Hunger Howard Baetjer Jr. 482 Not redistribution, but capitalism, holds the cure for hunger. The General Welfare Clarence B. Carson 487 The modern use of the term, as distinguished from the Constitutional intent. Commare N' Ciuzza and the Loan Shark James Doti 495 Concerning the inefficiency of the laws against usury.

The Importance of the Obvious Dennis L. Peterson 502 Six simple principles of the free market philosophy. Book Reviews: 508 "Political Economy and Freedom: A Collection of Essays" by G. Warren Nutter, edited by Jane Couch Nutter "Pink and Brown People and Other Controversial Essays" by Thomas Sowell "America: A Minority Viewpoint" by Walter Williams 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 Leonard E. Read, 1898-1983 Managing Editor: Production Editor: Contributing Editors: Paul L. Poirot Beth A. Hoffman 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 nonpo litical, nonprofit, educational champion of private property, the free market, the profit and loss sys tem, and limited government. The costs of Foundation projects and services are met through donations. Total expenses average $18.00 a year per person on the mailing list. Do nations are invited in any amount. THE FREE MAN 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 $10.00 a year. Copyright, 1983. The Foundation for Economic Education, Inc. Printed in U.S.A. Addi tional copies, postpaid: single copy $1.00; 10 or more, 50 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 "Lasers, Harobeds, and World Hunger."