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

In this section I present those papers in which I have attempted to set forth exactly what I stand for and why. The first paper, “The Case for Economic Freedom,” was given as a speech on numerous occasions (particularly at seminars organized by the Foundation for Economic Education at Irvington, New York) before being put down on paper. The second paper was originally prepared for an appearance before the students and faculty of the college where I teach, Wabash College, and was my attempt to tell them the kind of person (in Rogge) they were harboring in their midst. “Who’s to Blame” was presented to an even earlier convocation at Wabash College, at a time when I was serving as Dean of the College. It is presented as a further development of the idea of personal responsibility discussed in the first two papers of this section. “Paradise in Posey County” was another of my chapel messages to young men; in it I explore (and criticize) the idea of Utopia as displayed in two famous experiments in communal living in Indiana.