This issue of The Freeman examines the social responsibilities of business, the breakup of AT&T and the pitfalls of regulated monopoly, and the benefits of competition for consumers and producers alike. It revisits the nature of unionism, explores how welfare can worsen poverty by misusing law, and contrasts women’s opportunities under markets versus socialism. Additional essays address the moral roots of peace, the dangers of bureaucratic expansion, and reviews works on federal bureaucracy, race and economics, and cultural decline.