The Online Library of Liberty

A project of Liberty Fund, Inc.

• Publisher’s Note
• Introduction
• Volume 1, Number 1, April 1961
• An Editorial …
• Milton Friedman, Capitalism and Freedom
• John P. Mccarthy, Politics and the Moral Order
• John Weicher, Individualism and Politics: the Next Four Years: an Appraisal
• Ralph Raico, Great Individualists of the Past: Wilhelm Von Humboldt
• Robert Schuettinger, Modern Education Vs. Democracy
• Ronald Hamowy: Hayek’s Concept of Freedom: a Critique
• New Books and Articles
• Volume 1, Number 2, Summer 1961
• Murray N. Rothbard, the Fallacy of the “ Public Sector ”
• John Weicher, Individualism and Politics: the Question of Federal Aid to Education
• Robert Schuettinger, Great Individualists of the Past: Tocqueville and the Bland Leviathan
• Tocqueville On Socialism
• Edward C. Facey, Conservatives Or Individualists: Which Are We?
• John Weicher, Mr. Facey’s Article: a Comment
• F. A. Hayek, Communication: Freedom and Coercion: Some Comments and Mr. Hamowy’s Criticism
• John Weicher, Book Review: the Moulding of Communists, By Frank S. Meyer
• New Books and Articles
• Volume 1, Number 3, November 1961
• Ronald Hamowy and William F. Buckley, Jr., “ National Review ”: Criticism and Reply
• Russell Kirk, Ritualistic Liberalism
• Bruce Goldberg: Ayn Rand’s “ For the New Intellectual ”
• Leonard Liggio, Herbert Butterfield: Christian Historian As Creative Critic
• Roger Claus, an Approach For Conservatives
• John P. Mccarthy, John Courtney Murray and the American Proposition
• New Books and Articles
• Volume 1, Number 4, Winter 1962
• Robert M. Hurt, Antitrust and Competition *
• Ralph Raico, Reflections In Berlin
• Eugene Miller, David Hume: Whig Or Tory?
• Martin Glasser, the Judicial Philosophy of Felix Frankfurter
• Wilhelm Roepke, Communication: the Intellectual Collapse of European Socialism
• Murray N. Rothbard, On Freedom and the Law
• J. Edwin Malone, Fertig’s “ Prosperity Through Freedom ”
• New Books and Articles
• Volume 2, Number 1, Spring 1962
• Harry Elmer Barnes, A. J. P. Taylor and the Causes of World War Ii
• James M. O’connell, the New Conservativism
• G. C. Wiegand, Individual Freedom and Economic Security
• Robert M. Hurt, Sin and the Criminal Law
• John P. Mccarthy, the Shortcomings of Right-wing Foreign Policy
• Robert M. Schuchman, J. B. Conant’s “ Slums and Suburbs ”
• Robert Schuettinger, F. J. Johnson’s “ No Substitute For Victory ”
• New Books and Articles
• Volume 2, Number 2, Summer 1962
• Milton Friedman, Is a Free Society Stable?
• Howard Buffett, an Opportunity For the Republican Party
• Murray N. Rothbard, H. L. Mencken: the Joyous Libertarian
• Richard W. Duesenberg, Individualism and Corporations
• John Weicher, Conservatives, Cities, and Mrs. Jacobs
• Sam Peltzman, Housing In Latin America, Public and Private
• New Books and Articles
• Volume 2, Number 3, Autumn 1962
• George J. Stigler, the Intellectual and the Market Place
• Robert M. Hurt, Observations On the Soviet “ Lost Generation ”
• John Van Sickle, Economic Growth Vs. “ Growth ” Economics
• Robert Schuchman, Civil Liberties In the Welfare State
• Benjamin A. Rogge, New Conservatives and Old Liberals
• When America Spoke With One Voice
• Ludwig Von Mises, a New Treatise On Economics (rothbard)
• John Weicher, a “ Fusionist ” Approach to Freedom 1
• New Books and Articles
• Volume 2, Number 4, Spring 1963
• The Regulatory Bureaus:
• Christopher D. Stone, ICC: Some Reminiscences On the Future of American Transportation
• Sam Peltzman, Cab: Freedom From Competition
• Robert M. Hurt, Fcc: Free Speech, “ Public Needs, ” and Mr. Minow
• Otto Von Habsburg, Czecho-slovakia and the Ussr
• Robert Cunningham, the Case Against Coercion
• John P. Mccarthy , Ireland, Victim of Its Own Politicians
• New Books and Articles
• Volume 3, Number 1, Summer 1963
• Robert L. Cunningham, Education: Free and Public?
• Bruno Leoni, “ Consumer Sovereignty ” and the Law
• Israel M. Kirzner, On the Premises of Growth Economics
• Murray N. Rothbard, the Negro Revolution
• Robert Schuettinger, Foreign Aid In Latin America
• Sam Peltzman, “ Economics of the Free Society ”
• New Books and Articles
• Volume 3, Number 2, Winter 1964
• F. A. Hayek, Kinds of Order In Society
• B. R. Shenoy, the Results of Planning In India
• Michael F. Zaremski, Red China’s Great Leap Backward
• Bruce Goldberg, Skinner’s Behaviorist Utopia
• Ralph Raico , Great Individualists of the Past: Benjamin Constant
• New Books and Articles
• Newe Bokes & Articulles
• Volume 3, Number 3, Autumn 1964
• The Conservatism of Richard M. Weaver *
• James Powell, the Foundations of Weaver’s Traditionalism
• Weaver On Society, Past and Present:
• I.: The Southern Tradition
• 2.: The Humanities In a Century of the Common Man
• George J. Stigler, Reflections On the Loss of Liberty
• Ralph Raico, the Fusionists On Liberalism and Tradition
• William H. Nolte, H. L. Mencken and the American Hydra
• New Books and Articles
• Volume 3, Number 4, Spring 1965
• Yale Brozen, the Revival of Traditional Liberalism
• Gordon Tullock, Constitutional Mythology
• Denis V. Cowen, Prospects For South Africa
• Benjamin A. Rogge, Communication: Note On the Election
• William S. Stokes, Economic Liberalism In Post-war Germany
• Robert M. Schuchman, Property Law and Racial Discrimination
• New Books and Articles
• Volume 4, Number 1, Summer 1965
• Benjamin A. Rogge, Financing Higher Education In the United States
• Philip B. Kurland, Trends In the U. S. Supreme Court
• G. Warren Nutter, How Soviet Planning Works
• Edwin Harwood, Collectivism In Social Theory
• Robert L. Cunningham, Justice, “ Needs, ” and Charity
• Communication: the 1964 Election
• William A. Rusher, Rusher On Goldwater:
• Benjamin A. Rogge, Reply to Mr. Rusher:
• Stephen J. Tonsor, the View From London Bridge
• New Books and Articles
• Volume 4, Number 2, Winter 1966
• Murray N. Rothbard, Herbert Clark Hoover: a Reconsideration
• W. H. Hutt, Twelve Thoughts On Inflation
• M. Stanton Evans, Raico On Liberalism and Religion
• Ralph Raico, Reply to Mr. Evans
• Francis Lieber, Anglican and Gallican Liberty
• E. G. West, the Uneasy Case For State Education
• Thomas Molnar, Communication: South Africa Reconsidered
• Stanley G. Long, Review: Alchian and Allen’s “ University Economics ”
• New Books and Articles
• Volume 4, Number 3, Spring 1966
• Karl Brunner, the Triple Revolution: a New Metaphysics
• Henry Hazlitt, Agnosticism and Morality
• Yale Brozen, Wage Rates, Minimum Wage Laws, and Unemployment
• Reed J. Irvine, Economic Development and Free Markets
• Sudha R. Shenoy, the Sources of Monopoly
• Hirschel Kasper, What’s Wrong With Right-to-work Laws
• W. H. Hutt, Communication: “fragile” Constitutions
• Sam Peltzman, Books: Kefauver and Populist Economics
• Sam Peltzman, Books: Freedom Under Lincoln By Dean Sprague
• New Books and Articles
• Volume 4, Number 4, Spring 1967
• Milton Friedman, Why Not a Volunteer Army?
• Richard Flacks, Conscription In a Democratic Society
• Walter Y. Oi , the Real Costs of a Volunteer Military
• Bruce K. Chapman, the Politics of Conscription
• Joe Michael Cobb, Emigration As an Alternative to the Draft
• James Powell, Anti-militarism and Laissez Faire
• The Anti-militarist Tradition: Robert A. Taft, 1940
• The Anti-militarist Tradition: Oswald Garrison Villard, 1916
• The Anti-militarist Tradition: Daniel Webster, 1814
• New Books and Articles
• Volume 5, Number 1, Winter 1968
• W. H. Hutt, the Rhodesian Calumny
• Svetozar Pejovich, Community, Leadership and Progress
• Jay A. Sigler, the Political Thought of Michael Oakeshott
• Ljubo Sirc, Two Decades of Economic Planning In Yugoslavia
• David Levy, Marxism and Alienation
• Armen A. Alchian, the Economic and Social Impact of Free Tuition
• Books
• New Books and Articles

NEW BOOKS AND ARTICLES

THE FOLLOWING IS A SELECT LIST OF BOOKS AND ARTICLES WHICH, IN THE OPINION OF THE EDITORS, MAY BE OF INTEREST TO OUR READERS.

• John Davenport, Herrell DeGraff, F. A. Hayek, Felix Morley, The Spiritual and Moral Significance of Free Enterprise, A Symposium, pamphlet, available from the National Association of Manufacturers, 2 E. 48th St., New York 17, N. Y.
• Milton Friedman, “Tariffs and the Common Market,” National Review, (May 22, 1962).
• Albert Hunold, ed., Freedom and Serfdom, (Reidel, Dordrecht, Holland, 1961).
• Simon Kuznets, Capital in the American Economy, (Princeton University, Princeton, 1961).
• Thomas Molnar, The Decline of the Intellectual, (Meridian Books, New York, 1961).
• John U. Nef, A Search for Civilization, (Regnery, Chicago, 1962).
• Sylvester Petro, “Trade Unionism and the Public Sector,” Modern Age, (Spring, 1962).
• Leonard E. Read, Elements of Libertarian Leadership, (Foundation for Economic Education, Irvington-on-Hudson, New York, 1962).
• Murray N. Rothbard, Man, Economy and State, (Van Nostrand, Princeton, 1962), two volumes.
• Murray N. Rothbard, The Panic of 1819, (Columbia University Press, New York, 1962).
• Ernest van den Haag, The War in Katanga, available from the American Committee for Aid to Katanga Freedom Fighters, 79 Madison Avenue, New York 16, New York, $1.50.
• Eliseo Vivas, “Art and the Artist’s Citizenship,” Modern Age, (Spring, 1962).

MODERN AGE

is a quarterly

conservative review

$4.00 the year

64 East Jackson Boulevard

Chicago 4, Illinois

Eugen von Boehm-Bawerk:

CAPITAL AND INTEREST (in three volumes), $25 the set

Special one volume edition, $15.00

• I History and Critique of Interest Theories, 512 pages
• II Positive Theory of Capital, 480 pages
• III Further Essays on Capital and Interest, 256 pages

Paperback Extracts from Volumes I and II:

The Exploitation Theory, 97 pages, $1.50

Value and Price, 160 pages, $2.00

SHORTER CLASSICS of Eugen von Boehm-Bawerk, 1962, 392 pages, $7.50 I The Austrian Economists, II Whether Legal Rights and Relationships Are Economic Goods, III Control or Economic Law?, IV Unresolved Contradiction in the Marxian Economic System, V The Ultimate Standard of Value

Ludwig von Mises:

PLANNING FOR FREEDOM, 192 pages, paperback, $2.00

A collection of essays and addresses, new enlarged edition, 1962

LIBERTARIAN PRESS

366 East 166th Street, South Holland, Illinois

NEW INDIVIDUALIST REVIEW . . .

as the mail-clerk in Ida Noyes Hall can testify, is the beneficiary of a worldwide correspondence. Most NIR readers are more articulate than the average citizen; most of them are the kind of people which are known in the trade as “opinion-molders.” Here is what a few of these “influentials” (who care enough about NIR to pay the extra dollar required of foreign subscribers) have written to us lately.

“I was delighted with your last issue. I can testify from bitter experience that your Dr. Rothbard is entirely correct when he demonstrates that public ownership of lighthouses is the first step on the road to communism. Please prepare a Chinese edition of 600,000,000 copies; I would like to mail them (bulk rate, of course) to selected opinion-molders in the occupied provinces of my country.”

President Chiang Kai-shek

“I congratulate you for having published, and I congratulate myself for having read, the Winter issue of NIR. Although nothing in this universe is of real importance (excepting, of course, the life to come and the Honour of France) your magazine is rather relaxing. Your discussion of whether or not David Hume was a whig or a tory was charming but quite needlessly prolonged. He was a tory.”

President Charles de Gaulle

“What are your rates for original poetry?”

Chairman Mao Tze-tung

“Please send 20 copies air mail of your stimulating magazine. I am trying to convince the members of the Politburo that economic progress will come much faster if we adopt a freer trade policy. None of my colleagues is yet in favor of private ownership of the streets but I am working on them.”

Deputy Premier Anastas Mikoyan

“SOCIALISM is only an idea, not an historical necessity, and ideas are acquired by the human mind. We are not born with ideas, we learn them. If socialism has come to America because it was implanted in the minds of past generations, there is no reason for assuming that the contrary idea cannot be taught to a new generation. What the socialists have done can be undone, if there is a will for it. But, the undoing will not be accomplished by trying to destroy established socialistic institutions. It can be accomplished only by attacking minds, and not the minds of those already hardened by socialistic fixations. Individualism can be revived by implanting the idea in the minds of the coming generations. So then, if those who put a value on the dignity of the individual are up to the task, they have a most challenging opportunity in education before them. It is not an easy job. It requires the kind of industry, intelligence and patience that comes with devotion to an ideal.”

—Frank Chodorov, Founder and President, Intercollegiate Society of Individualists, Inc.

VOLUME 2, NUMBER 2, SUMMER 1962

IS A FREE SOCIETY STABLE?

MILTON FRIEDMAN

AN OPPORTUNITY FOR THE REPUBLICAN PARTY

HOWARD BUFFETT

H. L. MENCKEN: THE JOYOUS LIBERTARIAN

MURRAY N. ROTHBARD

CONSERVATIVES, CITIES, AND MRS. JACOBS

JOHN WEICHER

NEW INDIVIDUALIST REVIEW is published quarterly (Spring, Summer, Autumn, Winter) by New Individualist Review, Inc., at Ida Noyes Hall, University of Chicago, Chicago 37, Illinois.

Opinions expressed in signed articles do not necessarily represent the views of the editors. Editorial, advertising, and subscription correspondence and manuscripts should be sent to NEW INDIVIDUALIST REVIEW, Ida Noyes Hall, University of Chicago, Chicago 37, Illinois. All manuscripts become the property of NEW INDIVIDUALIST REVIEW.

Subscription rates: $2.00 per year (students $1.00). Add $1.00 for foreign subscriptions.

Copyright 1962 by New Individualist Review, Inc., Chicago, Illinois. All rights reserved. Republication of less than 200 words may be made without specific permission of the publisher, provided New Individualist Review is duly credited and two copies of the publication in which such material appears are forwarded to New Individualist Review.

EDITORIAL BOARD

Editors-in-Chief • Ronald Hamowy • Ralph Raico

Associate Editors • Robert M. Hurt • John P. McCarthy

Robert Schuettinger • John Weicher

Business Manager • Sam Peltzman

Editorial Assistants • Jerome Heater • Robert Johnson

J. Edwin Malone • Robert Michaels

EDITORIAL ADVISORS

Milton Friedman • Richard Weaver

University of Chicago

F. A. Hayek

University of Freiburg

COLLEGE AND UNIVERSITY REPRESENTATIVES

UNIVERSITY OF ALABAMA
Dianne Hastings

ANTIOCH COLLEGE
Frank Resnik

UNIVERSITY OF ARIZONA
Stephen Sala

BROOKLYN COLLEGE
Howard Seigel

BUTLER UNIVERSITY
Dean McEldowney

UNIVERSITY OF CALIFORNIA (Riverside)
Jerry Lee Martin

CARLETON COLLEGE
W. W. Hand

COLUMBIA UNIVERSITY
John McCarthy

CENTRE COLLEGE OF KENTUCKY
Robert B. Fisher

UNIVERSITY OF DETROIT
George McDonnell

FORDHAM UNIVERSITY
Thomas J. Baker

GROVE CITY COLLEGE
A. Bruce Gillander

HARVARD UNIVERSITY
David Friedman

HUNTER COLLEGE
Eve Kirschner

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Robert D. Brown

UNIVERSITY OF ILLINOIS
Bill Jacklin

UNIVERSITY OF INDIANA
Robert Williams

STATE UNIVERSITY OF IOWA
Sarah Slavin

UNIVERSITY OF KANSAS
Larry F. Glaser

UNIVERSITY OF KENTUCKY
James G. Otto

KNOX COLLEGE
Kip Pencheff

LOYOLA UNIVERSITY (Chicago)
William Ford

NORTHWESTERN UNIVERSITY (Chicago)
Valerie Johnson

OCCIDENTAL COLLEGE
Goetz Wolff

OREGON STATE COLLEGE
John Charles Neeley

PRINCETON UNIVERSITY
David Duval

PROVIDENCE COLLEGE
Raymond LaJeunesse

QUEENS COLLEGE
Robert J. Malito

QUINCY COLLEGE
John Lulves, Jr.

SETON HALL UNIVERSITY
Mark A. O’Connell

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Richard Noble

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Robert Stuart Redfield

WILLIAMS COLLEGE
Jameson G. Campaigne, Jr.

UNIVERSITY OF WISCONSIN
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A. Douglas Weller

* * *

UNIVERSITY OF EDINBURGH
Robert B. Carnaghan

UNIVERSITY OF FRANKFURT
Werner Krebs

UNIVERSITY OF PARIS
Ronald Hamowy

OXFORD UNIVERSITY
Duncan Smith