The Freeman 1972 - The Ludwig von Mises Institute

theFreemanA MONTHLY JOURNAL OF IDEAS ON LIBERTYIRVINGTON·ON-HUDSON. N. Y. 10533 TEL: (914) 591·7230LEONARD E. READPAUL L. POIROTp1resident, Foundation forEconomic EducationManaging EditorTHE F R E E MAN is published monthly by theFoundation for Economic Education, Inc., a nonpolitical,nonprofit, educational champion of privateproperty, the free market, the profit and loss system.,and. limited government.Any interested person may receive its publicationsfor the asking. The costs of Foundation projects andservices, including THE FREEMAN, are met throughvoluntary donations. Total expenses average $12.00 ayear per person on the mailing list. Donations are invitedin any amount-$5.00 to $10,000---as the meansof maintaining and extending the Foundation's work.Copyright, 1972, The Foundation for Economic Education, Inc. Printed inU.S.A. Additional copies, postpaid. to one address: Single copy, 50 cents;3 for $1.00; 10 for $2.50; 25 or more, 20 cents each.Articles from this journal are abstracted and indexed in HistoricalAbstracts and/or America: History and Life. THE FREEMAN also isavailable on microfilm, Xerox University Microfilms, Ann Arbor, Mich·igan 48106. Permission granted to reprint any article from this issue,with appropriate credit, except "Why Some Are Poorer" and "Moralityand Controls."