August

Competition in the Prison Business Charles H. Logan 469 Exploring prospects for business competition in prison management. The Ultimate Source of Wealth Charles Dykes 479 Concerning the importance of human capital-and freedom. A Piece of Street Wisdom John K. Williams 484 The warning, and the promise, that causes have consequences. The Myth of National Industrial Policy Dennis Bechara 498 Why it would be wrong to resurrect the RFC. Book Reviews: 507 "From Adam Smith to the Wealth of America" by Alvin Rabushka "An American in Leningrad" by Logan Robinson "Making the Future Work" by John Diebold Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding.

IFreeman AMONTHLYJOURNAL OF IDEAS ON LIBERTY FOUNDATION FOR ECONOMIC EDUCATION Irvington-an-Hudson, N.Y. 10533 Tel: (914) 591·7230 President: Robert D. love Managing Editor: Paul L. Poirot Production Editors: Beth A. Hoffman Amy S. Vanlaar Contributing Editors: Robert G. Anderson Howard Baetjer Jr. Bettina Bien Greaves Charles H. Hamilton Edmund A. Opitz (Book Reviews) Brian Summers THE FREEMAN is published monthly by the Foundation for Economic Education, Inc., a nonpolitical, nonprofit, educational champion of private 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 average $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 $10.00 a year.

Copyright, 1985. The Foundation for Economic Education, Inc. Printed in U.S.A. Additional 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. Reprints are available of "A Page on Freedom," small quantities, no charge; 100 or more, 5 cents each. Permission is granted to reprint any article in this issue, with appropriate credit, except "American Economic Progress."