September

A Conservative Declaration Michael Bordelon 516 The founding fathers stressed liberty more than equality. The Two-Wheeler Lesson The more competition, the better. Hal Watkins 523 The Disease From Which Civilizations Die John K. Williams 525 The breakdown of manners, morals, laws and conscience. The Limitations of Profit-Sharing Henry Hazlitt 538 Instead of straight wages, should workers prefer a share of profits? The Morality of Capitalism E. Barry Asmus Donald B. Billings 541 Choice presumes freedom to exercise our responsibilities. Economic Prediction and Entrepreneurial Success Dennis L. Peterson 550 Despite the gloom of the "experts," free individuals find a way. Terrorism Bill Anderson 554 A study of terrorism from an economic point of view. The Three Faces of Unionism Hans F. Sennholz 564 Myths underlie the politically powerful movement. Book Review: 574 "Disabling America: the 'Rights' Industry in Our Time" by Richard E.

Morgan 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 Joan Kennedy Taylor 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 "The Morality of Capitalism" and "The Three Faces of Unionism."