BY CLARENCE B. CARSON

BY JOHN CHAMBERLAIN

BY RIDGWAY K. FOLEY, JR.

ACCORDING to G. K. Chesterton, “There are no rules of architecture for a castle in the clouds.” Substantial similarity exists between the eminent Mr. Chesterton and my redoubtable friend and mentor Paul Poirot. Each man qualifies as a remarkable wordsmith; each demonstrates eclectic knowledge; each operates on high principle. Thus, it seems fitting to employ a Chesterton epigram in tribute to Paul Poirot.

BY BETTINA BIEN GREAVES

BY PERRY E. GRESHAM

BY ISRAEL M. KIRZNER

BY GARY NORTH

BY EDMUND A. OPITZ

AROUND the turn of the century a great scholar named Max Weber produced a noteworthy study of the Reformation, and its aftermath, entitled The Protestant Ethic and the Spirit of Capitalism. Among other topics, Weber explored the religious idea of a “calling,” or “vocation.” The German word is Beruf.

BY WILLIAM H. PETERSON

IBELIEVE that economic freedom and political freedom are indivisible, that neither can exist without the other, that economic democracy and political democracy are both governed by individual choice—the one in the marketplace and the other in the polling booth—that if capitalism did not exist it would be necessary to invent it.

BY SYLVESTER PETRO

THE IDEA OF freedom has for millennia fascinated thinkers ranging from monarchs to metaphysicians. Natural scientists, ethicists, moralists, jurists, philosophers, general intellectuals—have tried their hands. Economists, especially, tend to write and speak as though the subject belongs peculiarly to them, possibly because they think of the free market as an economic institution.