This issue explores the moral and economic foundations of liberty, stressing how markets channel dispersed knowledge and human creativity more effectively than centralized planning. It critiques collectivist thought, defends the superiority of voluntary association, and warns against government programs that promise security at the expense of freedom. Additional essays analyze entrepreneurship, public participation in welfare, foreign aid, and common fallacies in political economy. Book reviews cover works on economics, political philosophy, and the historical development of liberal institutions.
