The Freeman: October 1986 Volume 36, 1986

This issue explores the human and economic costs of protectionism, showing how trade barriers erode freedom, raise prices, and reward political favoritism. It critiques agricultural price supports, exposes widespread fallacies in popular economic thinking, and defends the moral necessity of allowing failure alongside success. Additional essays analyze incentives created by transfer programs, highlighting how subsidies often undermine personal development and self-reliance. Book reviews include examinations of entrepreneurship, political funding, and Marxist theory.