The Online Library of Liberty

A project of Liberty Fund, Inc.

• Foreword
• Part I: Can Capitalism Survive?
• Introduction
• Chapter 1: Can Capitalism Survive?
• Part II: The Philosophy of Freedom
• Introduction
• Chapter 1: The Case For Economic Freedom
• Chapter 2: The Libertarian Philosophy
• Chapter 3: Who’s to Blame?
• Chapter 4: Paradise In Posey County
• Part III: On the Nature of Economics
• Introduction
• Chapter 1: Adam Smith: 1776-1976
• Chapter 2: Christian Economics: Myth Or Reality?
• Chapter 3: College Economics: Is It Subversive of Capitalism?
• Part IV: On the Business System
• Introduction
• Chapter 1: Profits
• Chapter 2: The Businessman
• Part V: On Labor Markets
• Introduction
• Chapter 1: The Labor Monopoly
• Part VI: On Money and Inflation
• Introduction
• Chapter 1: The Long-run Economic Outlook
• Chapter 2: Alleged Causes of Inflation: Corporate Monopolies
• Part VII: On the Problems of Cities
• Introduction
• Chapter 1: The Problems of Cities
• Part VIII: On Education
• Introduction
• Chapter 1: Financing Higher Education In the United States
• Chapter 2: The Promise of the College
• Part IX: On What to Do
• Introduction
• Chapter 1: The Businessman and the Defense of Capitalism
• Chapter 2: Reflections On the Election of 1964
• Chapter 3: The Foundation For Economic Education: Success Or Failure?

Introduction

The basic ideas of this paper were expressed on a number of occasions and in various forms. It was first presented in the exotic setting of a business conference held at the Playboy Club in Lake Geneva, Wisconsin. In somewhat different form, it was later presented in the Ludwig von Mises Lecture Series at Hillsdale College. I am presenting it here as the first paper because it poses the Big Questions—as identified by Joseph Schumpeter and agreed to by Ben Rogge.