The Freeman: August 1985 Volume 35, 1985

This issue of The Freeman examines fairness as a matter of process, not outcomes, defending voluntary exchange against coercive schemes. It critiques U.S. pressure campaigns against South Africa, arguing they harm the very people they claim to help. Additional essays trace the roots of American economic progress—from private property to entrepreneurial innovation—warn that restricting foreign investment forces poorer nations to “export people,” and explore competition in prison management as a remedy for overcrowding and cost overruns. Further articles highlight human capital as the true source of wealth, reflect on personal responsibility, and dismantle the myth of national industrial policy. Book reviews assess works on classical liberal economics, life under Soviet rule, and the future of technological change.