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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.

Milton Friedman and Anna J. Schwartz, A Monetary History of the United States, 1867-1960. Princeton, Princeton University Press, 1963. $15.00. A mammoth study of the history of United States monetary policies and the money supply since the Civil War.
H. L. A. Hart, Law, Liberty, and Morality. Stanford, Stanford University Press, 1963. $3.00. A largely successful attack on the Conservative position espoused by Sir Patrick Devlin (and in the nineteenth century by James Fitzjames Stephen) that “society” has the right to enforce “its” moral code against dissenters, even in the absence of direct injury to innocent parties.
Two books of note have appeared recently by W. H. Hutt, distinguished economist of the University of Capetown, South Africa, and a consistent opponent of the policies of apartheid: The Economics of the Colour Bar. London, Andre Deutsch, 1964. 5 shillings, paper. His theme is that “the restrictionist policies arising from the racialist doctrines of the Nationalist Government and the efforts of the higher-paid workers to protect privileged positions in the labour market would not have been possible had the economy been run on competitive lines. But this has not happened because investors and managements have been intimidated by politicians wielding the planning powers of the state.” Available from the publisher at 105 Great Russell St., London, W.C.1, England. And: Keynesianism—Retrospect and Prospect. Chicago, Regnery, 1963. $7.50. A major contribution to the body of anti-Keynesian literature. Professor Hutt supplies an impressive amount of factual and theoretical economic evidence for his arguments.
George J. Stigler, The Intellectual and the Market Place and Other Essays. New York, The Free Press of Glencoe, 1963. $2.50. A collection of highly readable essays on economic and political topics. The title essay should be familiar to NIR readers.
Ernest van den Haag, Passion and Social Constraint. New York, Stein and Day, 1963. $6.95. A new work by one of the foremost contemporary conservative sociologists, discussing the problems raised by the fact of limitation from the viewpoint of the fields of anthropology, sociology, and psychoanalysis.
Alfred Avins, “Freedom of Choice in Personal Service Occupations: 13th Amendment Limitations on Antidiscrimination Legislation,” Cornell Law Quarterly, Winter 1964, pp. 228-256. An historical survey of antidiscrimination legislation and its human limitations, tending slightly to the polemical; but well reasoned and well documented.
William Letwin, “What’s Wrong with Planning: The Case of India,” Fortune, June 1963, pp. 118 ff. An illustrative discussion of the problems India now faces because of central planning and public ownership.
Jesse W. Markham, “Anti-Trust Trends and New Constraints,” Harvard Business Review, May-June 1963, pp. 84-92. A detached survey of recent antitrust developments which look less like attempts to foster competition and more and more like protectionism.

AS A MAGAZINE . . .

reaches maturity in the publication field it is often blessed with the growth of a loyal and dedicated following. This hard core of zealots will stick with a magazine through thick and thin, hard times and good. NIR is fortunate in having a larger percentage of these “hard core” readers than the average periodical. We would like to present here a sampling of the encouraging praise and constructive criticism we have received over the past few months:

“Your recent issue on the Federal Regulatory Bureaus was well written and very informative. I just wanted to let you know that we have passed a resolution abolishing the ICC in our neighborhood.”

“The publishing policies of your periodical have brought a new meaning to the word ‘quarterly’ in American magazine circles.”

“As one of the more responsible extremist publications, NIR is, I feel, a valuable contributor to the Great Conversation and to the world’s store of Great Ideas. Mankind needs NIR; mankind needs the vigor which NIR lends to dialogues between peoples. The fact that sometimes you do go just a bit far out sometimes—like selling the lighthouses, really!—does not in any way diminish your service or, as Sir Servapali Chutney was fond of putting it, your ‘contribution,’ to humanity.”

“Leafing through back issues of NIR, I came across Mr. Hurt’s ‘Sin and the Criminal Law.’ It is good to see a member of the responsible right who believes that moderation in pursuit of vice is no virtue.”

Society lives and acts only in individuals . . . Everyone carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way for himself if society is sweeping toward destruction. Therefore everyone, in his own interests, must thrust himself vigorously into the intellectual battle. None can stand aside with unconcern; the interests of everyone hang on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle (between freedom and slavery) into which our epoch has plunged us.

—Ludwig Von Mises

The Intercollegiate Society of Individualists, a non-partisan, non-profit educational organization, deals with ideas. ISI places primary emphasis on the distribution of literature encompassing such academic disciplines as economics, sociology, history, moral philosophy, and political science. If you are a student or teacher, you are invited to add your name to the ISI mailing list. There is no charge, and you may remove your name at any time. For additional information, or to add your name to the list, write the nearest ISI office.

VOLUME 3, NUMBER 4, SPRING 1965

THE REVIVAL OF TRADITIONAL LIBERALISM

YALE BROZEN

CONSTITUTIONAL MYTHOLOGY

GORDON TULLOCK

ECONOMIC LIBERALISM IN POST-WAR GERMANY

WILLIAM S. STOKES

PROPERTY LAW AND RACIAL DISCRIMINATION

ROBERT M. SCHUCHMAN

A JOURNAL OF CLASSICAL LIBERAL THOUGHT

Spring 1965

50 cents

Vol. 3, No. 4

EDITORIAL STAFF

Editor-in-Chief • Ralph Raico

Associate Editors • J. Michael Cobb • Robert M. Hurt

John P. McCarthy • James M. S. Powell

Robert Schuettinger

Editorial Assistants • Douglas Adie • Burton Gray

Edwin Harwood • Edward Kimak • James A. Rock

William Lamb • Julian Svedosh

EDITORIAL ADVISORS

Yale Brozen • Milton Friedman • George J. Stigler

University of Chicago

F. A. Hayek	•	Benjamin Rogge
University of Freiburg		Wabash College

COLLEGE AND UNIVERSITY REPRESENTATIVES

UNIVERSITY OF ARIZONA
Stephen Sala

BALL STATE COLLEGE
Geoffrey Scott

BELOIT COLLEGE
Alfred Regnery

BROWN UNIVERSITY
Grant F. Shipley

BRYN MAWR COLLEGE
Sheila Bunker

COLUMBIA UNIVERSITY
A. Thadeus Perry

UNIVERSITY OF DELAWARE
John M. Tobin

DE PAUW UNIVERSITY
David Prosser

UNIVERSITY OF DETROIT
George McDonnell

DUKE UNIVERSITY
Robert B. Fisher

EARLHAM COLLEGE
David Lindsey

GROVE CITY COLLEGE
A. Bruce Gillander

HARVARD UNIVERSITY
David Friedman

UNIVERSITY OF IDAHO
Robert D. Brown

INDIANA UNIVERSITY (Bloomington)
Karl K. Pringle

INDIANA UNIVERSITY (Indianapolis)
Janis Starcs

UNIVERSITY OF KANSAS
Larry F. Glaser

UNIVERSITY OF KENTUCKY
James G. Otto

KNOX COLLEGE
Kip Pencheff

LOUISIANA STATE UNIVERSITY
William Thomas Tete

LOYOLA UNIVERSITY (Chicago)
William Ford

MANHATTAN COLLEGE
Stephen J. Kerins

MIAMI UNIVERSITY (Ohio)
Thomas R. Ireland

NEW YORK UNIVERSITY
Jeffrey Jay Weiser

OCCIDENTAL COLLEGE
Goetz Wolff

OREGON STATE UNIVERSITY
John Charles Neeley

PACIFIC COAST UNIVERSITY
Ernest Talaganis

PROVIDENCE COLLEGE
Raymond LaJeunesse

PURDUE UNIVERSITY
Ted Sigward

QUINCY COLLEGE
Michael J. Hill

REGIS COLLEGE
Herbert C. Liebman, III

SOUTHERN ILL. UNIVERSITY
Thomas Cannon

STANFORD UNIVERSITY
Rossman Wm. Smith, Jr.

SYRACUSE UNIVERSITY
Irwin H. Rosenthal

TEXAS A & M UNIVERSITY
Steve Thurman

TUFTS UNIVERSITY
William G. Nowlin, Jr.

VANDERBILT UNIVERSITY
Peter Chamberlain

WABASH COLLEGE
Ronald Rettig

UNIVERSITY OF WASHINGTON
R. P. Johnson

UNIVERSITY OF WISCONSIN
Theodore Cormaney

WILLIAMS COLLEGE
Thomas Ehrich

UNIVERSITY OF WISCONSIN (Milwaukee)
Wells H. Perkins

YALE UNIVERSITY
Bill Dennis

•

UNIVERSITY OF FRANKFURT
Werner Krebs

OXFORD UNIVERSITY
Robert Schuettinger

The Revival of Traditional Liberalism
	3	YALE BROZEN
Constitutional Mythology
	13	GORDON TULLOCK
Prospects for South Africa
	18	DENIS V. COWEN
Note on the Election
	28	BENJAMIN A. ROGGE
Economic Liberalism in Post-War Germany
	30	WILLIAM S. STOKES
Property Law and Racial Discrimination
	39	ROBERT M. SCHUCHMAN
New Books and Articles
	49

NEW INDIVIDUALIST REVIEW is published quarterly by New Individualist Review, Inc., at Ida Noyes Hall, University of Chicago, Chicago, Illinois 60637.

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, Illinois 60637. All manuscripts become the property of NEW INDIVIDUALIST REVIEW.

Subscription rates: $2.00 per year (students $1.00). Two years at $3.75 (students $1.75).

Copyright 1965 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.

IN MEMORIAM Robert M. Hurt

The editors and staff of New Individualist Review join with his family and his friends in mourning the tragic death of Robert M. Hurt. His contributions to this magazine covered the entire scope of its operations and reflected the wide range of his own abilities. The signed articles which he wrote demonstrated both his capacity for research and analysis, and his deep concern with the extension of freedom; his sense of humor was manifested in some of our advertisements; and more than any other person he is responsible for placing New Individualist Review on a firm financial base.

When he left the University of Chicago to join the faculty of Princeton University, we believed that he was launched on a career that promised high achievements; he had so much ability.

He was a friend to each of us, and a stimulating companion whose zest for his own special fields of the law and economics did not dampen his interest in matters as diverse as the philosophy of logical positivism and the domestic political situation in the new nations of Africa, and whose good temper and good humor kept animosity out of even the most heated discussion. He was a keen thinker, a thorough scholar and a dear friend; we will remember him with esteem, affection, and sorrow as we grieve for his untimely death.

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