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The Future of Freedom-Retrospect and Prospects, Part 1

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Part 1 | Part 2 | Part 3 With the approaching end of 1994, The Future of Freedom Foundation is celebrating its fifth anniversary. For a half-decade, Jacob Hornberger and I, and the other authors who have contributed essays for Freedom Daily, have attempted to make the ethical and economic case for individual liberty and the market economy. In our published articles and spoken addresses, we have tried to present the principled argument for freedom on a wide variety of economic and social issues, as well as on a number of domestic and international topics. During these five years, I found that one of the most frequently heard comments during discussions with people has been: "How can we turn this situation around? Haven't we moved too far down the socialist or welfare-statist road to bring about a reversal? The interventionists and coercive redistributors just have too much political power and emotional appeal for us to ever succeed ...

Social Conflict, Self-Determination, and the Boundaries of the State

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For the advocate of classical or market liberalism, the depoliticization of economic life is considered the primary avenue for the diminishment of social and cultural tensions in society. The removal of the state from all involvement in market activities, other than as protector of life and property and legal arbiter of interpersonal disputes, means that political power may not be used to benefit any in the society at the expense of others. In the free-market society, all human relationships are based on voluntary agreement and mutual benefit. Individuals can be neither compelled to nor prohibited from trading with any others in the society. Every citizen in the classical-liberal society may freely compete in any line of endeavor in which he chooses to try his hand; his success or failure will depend upon whether those to ...

Book Review: Hayek on Hayek

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Hayek on Hayek: An Autobiographical Dialogue by F. A. Hayek, edited by Stephen Kresge and Leif Wenar (Chicago: University of Chicago Press, 1994) $27.95; 170 pages. This year marks the fiftieth anniversary of the publication of Friedrich A. Hayek's classic volume, The Road to Serfdom. Appearing towards the end of the Second World War, it challenged many of the collectivist premises of the day. First, Hayek argued, socialist central planning was inconsistent with the preservation of political freedom. Once the state has the responsibility to manage all of the society's economic affairs, the political authority becomes the single producer of all goods and services, the single employer of all labor, and the monopoly redistributor of all income and wealth. Even if the outward forms of political democracy and civil liberties seem to remain intact, this concentration of power will by necessity reduce the individual to the status of a serf, totally dependent upon the whims and decisions ...

National Conflicts, Market Liberalism and Social Peace

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For three years, civil war has caused massive death and destruction in the former Yugoslavia. Almost every day, the television evening news has broadcast pictures of devastating artillery bombardments, ruined towns and villages, and multitudes of killed and wounded men, women and children. Tens of thousands of people have been turned into refugees forced to leave their homes and belongings ...